Sindora Bhd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

PETALING JAYA: EA Technique (M) Bhd will see Tan Sri Abdul Rashid Abdul Manaf via Eco Offshore Services Sdn Bhd taking a 53% eqity stake in the company for RM53mil.

BETWEEN Feb 22 and 26, notable shareholding changes at companies listed on Bursa Malaysia included those at AirAsia Group Bhd, where Hong Kong-based investor Dr Stanley Choi emerged as a substantial shareholder. Choi, an expert in mergers and acquisitions and one of the founders of private equity fund Yunfeng Capital, subscribed for 167.1 million AirAsia shares or 4.5% of the group’s share base on Feb 18. This increased his stake in the airline to 8.96%. Choi’s subscription was part of a private placement exercise that AirAsia has embarked on to raise RM454.5 million through the issuance...

WHILE the Malaysia Shipowners’ Association (MASA) chairman Datuk Abdul Hak Md Amin says there are four Malaysian flagged and certified submarine cable repair vessels currently available for use by the industry, tech companies that own the undersea cables beg to differ. “There are no Malaysian flagged vessels that can undertake repairs of undersea cables according to the best practices recommended by the ICPC (International Cable Protection Committee),” says Chiew Kok Hin, chairman of the Malaysia Internet Exchange (MyIX). MyIX is an integrator between local and international internet se...