Trading ideas: Yinson, 7-Eleven, Pavilion REIT, CIMB, Ecomate, Ho Hup
New York-based Stonepeak Partners is reportedly in exclusive talks for a buyout of Yinson Holdings Bhd, potentially valuing the firm at up to RM9bil (US$2.1bil), Bloomberg reported, quoting sources familiar with the matter. This could be one of the largest deals in Malaysia this year.
7-Eleven has named Tan Sri Mohd Annuar Zaini as its new independent non-executive chairman, with immediate effect.
CIMB Group, the parent company of CIMB Thai Bank, has no plans to increase the bank's public shareholding, despite the Thai unit being suspended from trading on June 5 for failing to meet the 15% minimum public shareholding requirement. Under new rules effective March 2024, non-compliance will lead to suspension instead of fines.
Ecomate is acquiring a 60% equity stake in Progressive Computer Systems Sdn Bhd (PCS) for RM8.4mil as part of its strategy to diversify into the information and communications technology sector.
Ho Hup has defaulted on revolving credit facilities totalling RM45.27mil, prompting a legal action by AmBank Islamic Bhd.
Pavilion REIT has raised approximately RM360mil through a private placement. The funds will partly finance its RM480mil acquisition of Banyan Tree Kuala Lumpur and Pavilion Hotel Kuala Lumpur, with the balance covered by bank borrowings.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
![[UPDATED] Malaysia's role as Asean Chair recognised internationally, says PM](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2Fwtchair168_NSTfield_image_socialmedia.var_1755324744.jpg&w=3840&q=100)
![[UPDATED] Malaysia's role as Asean Chair recognised internationally, says PM](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
19 minutes ago
- New Straits Times
[UPDATED] Malaysia's role as Asean Chair recognised internationally, says PM
LARUT: Malaysia's role as Asean Chair in facilitating reconciliation efforts between Thailand and Cambodia following recent border tensions has been recognised internationally, said Prime Minister Datuk Seri Anwar Ibrahim. He said that although there were certain quarters that refused to acknowledge Malaysia's role, the trust placed by the countries involved was clear proof that they held Malaysia's political and economic stability in high regard. "Thank God, in Malaysia our politics are stable and our economic development is respected. So, when disputes arise, the task of reconciliation is entrusted to us. This is a form of international recognition, even if some in Parliament may choose not to acknowledge it — and that is fine," he said. Anwar made the remarks when opening the Madani Dairy Entrepreneur Carnival at Farm Fresh Perak Dairy Complex today. Also present were Perak Menteri Besar Datuk Seri Saarani Mohamad, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu and Education Minister Fadhlina Sidek. Earlier, US Ambassador to Malaysia Edgard D. Kagan was reported to have said that Malaysia had played an important role as Asean Chair in peace efforts between Thailand and Cambodia through the General Boundary Committee (GBC) meeting, following tensions along the border of the two countries. Kagan said that Malaysia's role in organising the meeting demonstrated its leadership in bringing both nations to the table. Meanwhile, Anwar said Malaysia's strong diplomatic relations with foreign countries have brought significant benefits, particularly in creating new economic opportunities in the country. "For example, during the conflict between Cambodia and Thailand, Thai milk could not enter Cambodia, but Farm Fresh milk successfully entered the market. "I am sharing this because our relations with Thailand and Cambodia are good. If Farm Fresh wishes to open a farm in Thailand, we will extend our full cooperation," he said. Anwar also stressed that the government will continue to support initiatives that strengthen the nation's food security, including the dairy industry. Expressing pride in the achievements of local dairy producer Farm Fresh Bhd, he praised the company for its contribution to the dairy sector, job creation for Malaysians, and commitment to corporate social responsibility (CSR). Meanwhile, Farm Fresh chief operations director Azmi Zainal said the company's 828-acre complex in Perak is home to 4,300 dairy cows producing 22,000 litres of milk daily. "In a year, this complex produces 10 million litres of milk, making it the largest and most productive dairy farm in the country," he said, adding that the farm has 150 local workers, most of whom are under 30 years old. Farm Fresh also buys milk from local small farmers at competitive prices.
The Sun
19 minutes ago
- The Sun
Malaysia's peace efforts in Thai-Cambodia conflict gain global recognition
LARUT: Malaysia's role as ASEAN Chair in facilitating reconciliation efforts between Thailand and Cambodia following recent border tensions has been recognised internationally, said Prime Minister Datuk Seri Anwar Ibrahim. He said that although there were certain quarters that refused to acknowledge Malaysia's role, the trust placed by the countries involved was clear proof that they held Malaysia's political and economic stability in high regard. 'Thank God, in Malaysia our politics are stable and our economic development is respected. So, when disputes arise, the task of reconciliation is entrusted to us. This is a form of international recognition, even if some in Parliament may choose not to acknowledge it — and that is fine,' he said. Anwar made the remarks when opening the MADANI Dairy Entrepreneur Carnival at Farm Fresh Perak Dairy Complex today. Also present were Perak Menteri Besar Datuk Seri Saarani Mohamad, Minister of Agriculture and Food Security Datuk Seri Mohamad Sabu and Minister of Education Fadhlina Sidek Earlier, US Ambassador to Malaysia Edgard D. Kagan was reported to have said that Malaysia had played an important role as ASEAN Chair in peace efforts between Thailand and Cambodia through the General Boundary Committee (GBC) meeting, following tensions along the border of the two countries. Kagan said that Malaysia's role in organising the meeting demonstrated its leadership in bringing both nations to the table. Meanwhile, Anwar said Malaysia's strong diplomatic relations with foreign countries have brought significant benefits, particularly in creating new economic opportunities in the country. 'For example, during the conflict between Cambodia and Thailand, Thai milk could not enter Cambodia, but Farm Fresh milk successfully entered the market. 'I am sharing this because our relations with Thailand and Cambodia are good. If Farm Fresh wishes to open a farm in Thailand, we will extend our full cooperation,' he said. Anwar also stressed that the government will continue to support initiatives that strengthen the nation's food security, including the dairy industry. Expressing pride in the achievements of local dairy producer Farm Fresh Bhd, he praised the company for its contribution to the dairy sector, job creation for Malaysians, and commitment to corporate social responsibility (CSR). Meanwhile, Farm Fresh chief operations director Azmi Zainal said the company's 828-acre complex in Perak is home to 4,300 dairy cows producing 22,000 litres of milk daily. 'In a year, this complex produces 10 million litres of milk, making it the largest and most productive dairy farm in the country,' he said, adding that the farm has 150 local workers, most of whom are under 30 years old. Farm Fresh also buys milk from local small farmers at competitive prices. 'Through our CSR initiatives last year, we awarded scholarships to 500 STPM students and starting this year, we will also introduce a mathematics tuition programme for primary school students,' he added. - Bernama
The Star
an hour ago
- The Star
Indonesia's gas subsidy cut could slash industrial output, trigger layoffs: Industry Ministry
JAKARTA: Industry Ministry spokesperson Febri Hendri Antoni Arief said the ministry had received a flood of complaints from private companies reliant on the government's fixed natural gas price (HGBT) programme. According to him, supply disruptions and steep surcharges, such as state gas company PGN's tariff of US$16.77 per mmbtu, are squeezing manufacturers, particularly in energy-intensive sectors like ceramics, glass, steel, fertiliser, petrochemicals and oleochemicals. 'Energy costs make up a significant share of production expenses in these industries. Any increase in prices or cuts in HGBT supply erode margins, lower factory utilisation and, in the long run, deter investment, especially in energy-intensive manufacturing,' Febri said in a statement on Thursday (Aug 14). He added that this appears to be a recurring problem, despite the existence of a presidential decree that fixes the price and ensures supply continuity. 'No party or institution should attempt to override the President's order by raising the price above $6.5 or restricting the supply,' he noted. Indonesia's industrial gas demand is estimated at 2,700 million standard cubic feet per day (mmscfd), but the available HGBT supply is only 1,600 mmscfd, with about half, roughly 900 mmscfd, allocated to state-owned enterprise (SOE) consumers. He noted that SOEs such as PLN and Pupuk Indonesia have been the largest HGBT beneficiaries. 'Private manufacturers, the backbone of the national industrial base, are often treated differently. This imbalance risks undermining the business climate,' he said. 'If the private sector's share continues to shrink, the consequences will be immediate: reduced capacity, lower efficiency and potentially mass layoffs.' According to the ministry, 134,794 industrial workers rely on a stable HGBT supply. If volumes fall to just 48 percent of demand, a significant share of these jobs could be lost. The sectoral breakdown of workers at risk includes: fertiliser (10,420), petrochemicals (23,006), oleochemicals (12,288), steel (31,434), ceramics (43,058), glass (12,928) and rubber gloves (1,660). 'These figures are a serious alarm. Every gas policy must weigh its impact on industrial sustainability and the livelihoods it supports,' Febri said. Ministry data shows several sectors are already facing declining utilisation due to gas constraints. The national ceramics industry, for example, averaged 70 to 71 percent utilisation in the first half of 2025. 'If supply disruptions persist, even critical sectors like fertiliser, which supports President Prabowo's food self-sufficiency programme, could see output decline,' Febri warned. Previously, Indonesian Ceramics Association (Asaki) chairman Edy Suyanto said the ceramic industry in West Java is now limited to 48 percent of its HGBT gas allocation, down from the previous 60 percent set by PGN. In eastern regions, the cap is 40 percent. 'From August 13 to August 31, only 48 percent of the HGBT gas volume can be used, while the remainder will incur a surcharge of US$14.8 per mmbtu due to force majeure,' Suyanto said on Wednesday, as reported by Bisnis. He urged the government to resolve the disruption by ensuring adequate HGBT quotas. The industry is also grappling with a surge in low-priced ceramic imports, which is putting additional pressure on domestic production. - The Jakarta Post/ANN
