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Sunday, August 25, 2019

Tag: divest

FGV divests its 100% stake in China unit for RM100 mil

The company says the proposed disposal of FGVCO is in line with its transformation plan to divest non-performing assets.

Khazanah’s proposed divestment in GLCs won’t hurt Bumi agenda, say analysts

Divestment will help raise funds to reduce national debt and attract foreign fund managers.

Putrajaya should opt out of GLCs in construction, property, says academic

Universiti Malaya's Terence Gomez says heavy government involvement in the sectors could be abused for patronage politics.

GLC stake sale: Don’t repeat mistakes of 1990s, warns economist

UM's Edmund Terence Gomez says the government must ensure that those taking over the stakes in GLCs have the capacity and financing to take the companies forward.

GE to divest healthcare unit, separate Baker Hughes

The news comes a day after GE agreed to sell its distributed power unit for US$3.25 billion to US buyout group Advent.

Bayer opens door to more disposals as Monsanto closing drags on

The Germany-based company will divest its entire vegetable-seed business.

AirAsia plans to sell every non-core investment

Air Asia Group CEO Tony Fernandes is quoted as saying that the airline is already holding discussions on a few assets to be divested.