சிந்தோரா ப்ட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from சிந்தோரா ப்ட். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In சிந்தோரா ப்ட் Today - Breaking & Trending Today
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 of 668.39 million new shares. The sum indicates a price of 68 sen per share. ....
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 service providers. Submarine cables are crucial as 95% of the world’s voice and data traffic rely on them to be transmitted. These undersea cables, meanwhile, are invariably linked to foreign companies such as Alibaba, Hitachi, NTT, Microsoft, IBM and Bridge Data Centres, among others. ....