Petronas may buy controlling stakes in auto maker

Article Abstract:

Petroliam Nasional Bhd. (Petronas), Malaysia's national oil company, is currently negotiating to acquire controlling stakes in publicly held Perusahaan Otomobil Nasional Bhd. (Proton) and the auto maker's distributor, Edaran Otomobil Nasional (EON). According to Petronas officials, the company has started preliminary talks with cash-strapped Hicom Holdings Bhd., which holds 32% of EON and 27.2% of Proton. Petronas and Hicom have not yet set a price for the deals, but analysts predict the price could reach almost 1.3 billion ringgit ($342.1 million). If Petronas succeeds in acquiring the stakes, it would surely fuel the debate on Kuala Lumpur's move in rescuing big companies with public money.

Comment:

Is currently negotiating to acquire controlling stakes in Perusahaan Otomobil Nasional Bhd & Edaran Otomobil Nasional

Crude Petroleum and Natural Gas Extraction, Crude Petroleum & Natural Gas, Petroleum industry, Natural gas, Petroleum, Gas industry, Petroliam Nasional Bhd., Article

Malaysia bids for UEM

Article Abstract:

The Malaysian government has announced a takeover of 3.8 billion ringett for United Engineers Malaysia (UEM), an important Renong group company, in an effort to restructure the 13 billion ringett of debt that Renong and UEM owe to foreign and local leaders. Syarikat Danasaham Sdn., however, has also offered to purchase UEM's entire stock. The corporate law says that if Danasaham does not receive acceptances from, at the least, 90% of UEM's shareholders, a company will be taken off of the stock exchange.

Government expenditures, Highways & Streets Constructn, Highway and Street Construction, National Government, Public Administration, Logging, Timber Logging & Contracting, Statistical Data Included, Mergers, acquisitions and divestments, Road construction industry, Road construction, Forest products industry, Outsourcing, United Engineers (Malaysia) Bhd., Syarikat Danasaham Sdn.

Countdown to Measat liftoff

Article Abstract:

Microsoft Corporation will acquire an undisclosed share of Measat Broadcast Network Systems, a satellite broadcaster of Malaysia. The agreement between the two companies will assist Measat in gaining a larger share of the Asian multmedia business market.

United States, Prepackaged software, Computer Software, Software Publishers, Wired Telecommunications Carriers, Telephone Communications, Market share, Telephone communications, exc. radio, Alliances, partnerships, Computer software industry, Software industry, Software, Microsoft Corp., Telecommunications services industry, Telecommunications industry, Multimedia industry, Telephone services, Contracts, MSFT, Measat Broadcast Network Systems Sdn. Bhd.