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Three foreign hypermarkets need bumiputera partner


THE search for a suitable bumiputera investor for the hypermarket trade has not got easier over the years. If anything, it appears to be even tougher now, given the changing business and consumer trends.
It was difficult for a foreign hypermarket owner to find a bumiputera investor to take up a 30% stake in the enterprise given the huge sum needed. It is probably more challenging now, especially if the retailer’s growth has been pedestrian. In addition, investors currently have a wider selection of businesses that offer better returns.
Under Malaysia’s domestic rules, all foreign hypermarket retailers are required to sell 30% of their business to a bumiputera investor within three years of entry. ....

Asia Sdn Bhd , Chris Eng , Shafie Shamsuddin , Adzman Shah Mohd Ariffin , Takaful Bhd , M Sdn Bhd , Sime Darby Bhd , Cp Group , Exastrata Solutions Sdn Bhd , Group Malaysia , Ministry Of Domestic , Charoen Pokphand Retail Development Co Ltd , Lotuss Stores , Cp Retail Development Co Ltd , Tesco Stores Sdn Bhd , Co Ltd , Lulu Group Retail Sdn Bhd , Sime Darby , Charoen Pokphand Group Cp , Consumer Affairs , Spv Ltd , Sdn Bhd , Group Retail Sdn Bhd , Tesco Stores , Darby Bhd , Carrefour Malaysia ,

TOP NEWS: Tesco Set For Special Payout As Completes Disposal In Asia


TOP NEWS: Tesco Set For Special Payout As Completes Disposal In Asia
Fri, 18th Dec 2020 08:57
(Alliance News) - Tesco PLC on Friday said it has completed the sale of its businesses in Thailand and Malaysia to CP Retail Development, as it confirmed its intention to pay a special dividend.
Back in March, the FTSE 100 grocer agreed to sell these to a combination of CP Group entities for USD10.6 billion on a cash and debt free basis. At the time, it said it expected to secure USD10.3 billion upon completion of the transaction, returning GBP5.0 billion of this to shareholders via a special dividend. ....

City Of , United Kingdom , Cp Group , Cp Retail Development , Alliance News , Cp Retail Development Co Ltd , Thailand Cp Group , Cp Merchandising Co Ltd , Cp All Public Ltd Co , Charoen Pokphand Holding Co Ltd , Development Co Ltd , Ife Taiwo , All Rights , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , சிப் குழு , சிப் சில்லறை வளர்ச்சி , கூட்டணி செய்தி , சிப் சில்லறை வளர்ச்சி இணை லிமிடெட் , தாய்லாந்து சிப் குழு , சிப் வணிகமயமாக்கல் இணை லிமிடெட் , சிப் அனைத்தும் பொது லிமிடெட் இணை , வளர்ச்சி இணை லிமிடெட் , அனைத்தும் உரிமைகள் ,