The Week in News

Monday
Citibank accelerates hiring as economy surges
Tuesday
Court rules in favour of UEM in case against Genisys
Wednesday
IOI net profit doubles to RM2b in fiscal 2010
Thursday
Axiata to pay maiden dividend in fiscal 2011
Friday
MAHB plans RM3.1b sukuk to fund KLIA 2
  • Citibank accelerates hiring as economy surges
  • MAHB plans RM3.1b sukuk to fund KLIA 2
  • Court rules in favour of UEM in case against Genisys
  • Axiata to pay maiden dividend in fiscal 2011

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Corporate Malaysia

Ananda Krishnan to take Measat private

29.07.2010, Thursday

Billionaire T Ananda Krishnan is taking satellite service provider Measat Global Bhd private in a buyout amounting to more than RM660 million while shares of Tanjong Plc remain suspended. Measat Global Network Systems Sdn Bhd, a vehicle controlled by Ananda, is offering RM4.20 for each share it doesn't already own and will proceed to delist Measat once the exercise is completed, according to a statement issued yesterday.

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