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There are 23 news based on search keyword " divestment"

Axiata To Exit Myanmar With US$150 Mln Divestment

KUALA LUMPUR, April 4 (Bernama) -- Axiata Group Bhd is exiting Myanmar after its subsidiary, Edotco Investments (Labuan) Ltd, signed a share purchase agreement (SPA) to sell its entire 87.5 per cent stake in Edotco Investments Singapore Pte Ltd for US$150 million (RM713 million).

Committed Funds In PE And VC Industry Totalled Rm24.7 Bln At End-2024

KUALA LUMPUR, March 20 (Bernama) -- Total committed funds under management in the Malaysian private equity (PE) and venture capital (VC) industry amounted to RM24.7 billion as at the end of 2024.

KPJ Healthcare Posts Higher FY2024 Net Profit Of RM353.81 Mln On Cost Cuts, Efficiency

KUALA LUMPUR, March 1 (Bernama) -- KPJ Healthcare Bhd posted a net profit of RM353.81 million for financial year 2024 (FY2024), up from RM263.40 million a year earlier, driven by cost optimisation, operational efficiency and patient-centric investments.

EPF's Commendable Dividend Payout To Spur Economic Activities, Support National Growth -- Economists

By Anas Abu Hassan

KUALA LUMPUR, March 1 (Bernama) -- The Employees Provident Fund's (EPF) move to pay a 6.30 per cent dividend for 2024 is expected to stimulate economic activities and contribute to national growth, according to economists.

Axis-REIT To Dispose Of The Annex For RM24.2 Mln, Net Gains To Be Distributed To Unitholders

KUALA LUMPUR, Feb 26 (Bernama) -- Axis Real Estate Investment Trust (Axis-REIT) is disposing of The Annex in Petaling Jaya for RM24.2 million, with net gains from the transaction to be distributed to unitholders.

Petronas' Profit Slips 32 Pct To RM55.1 Bln In FY2024 Due To Unfavourable Prices

KUALA LUMPUR, Feb 25 (Bernama) -- Petroliam Nasional Bhd’s (Petronas) net profit fell by 32 per cent to RM55.1 billion in financial year 2024 ended Dec 31, 2024 (FY2024) from RM80.7 billion in FY2023, in line with the lower average realised prices and favourable tax adjustments in 2023. 

AmBank Group’s 3Q Net Profit Falls To RM486.49 Mln

KUALA LUMPUR, Feb 20 (Bernama) -- AMMB Holdings Bhd (AmBank Group) posted a lower net profit of RM486.49 million for the third quarter (3Q) ended Dec 31, 2024, down from RM543.41 million a year earlier.  

Tropicana Corp's 3Q Net Loss Surges To RM454.93 Mln

KUALA LUMPUR, Nov 27 (Bernama) -- Tropicana Corporation Bhd’s net loss surged to RM454.93 million in the third quarter (3Q) ended Sept 30, 2024, from RM10.34 million net loss recorded in the same period last year.

RHB Investment Bank To Divest Equity Interest In RHB Securities Thailand

KUALA LUMPUR, Nov 25 (Bernama) -- RHB Investment Bank Bhd, a wholly-owned subsidiary of RHB Bank Bhd, will divest approximately 99.95 per cent of its equity interest in RHB Securities (Thailand) Public Company Ltd and exit the Thailand stockbroking and securities market.

Dialog Posts Higher Net Profit Of RM150.97 Mln In 1Q

KUALA LUMPUR, Nov 19 (Bernama) -- Dialog Group Bhd posted a higher net profit of RM150.97 million for the first quarter ended Sept 30, 2024 (1Q FY2025) compared to a net profit of RM132.17 million in the same quarter last year. 

Khazanah, PNB Clarify Their Divestment From FashionValet

KUALA LUMPUR, Nov 1 (Bernama) -- Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) have issued separate statements on their RM43.9 million losses after selling their stakes in e-commerce platform Fashion Valet Sdn Bhd for RM3.1 million.