UPDATE 1-Malaysia Hot Stocks - Factors to watch
(Adds Pelikan item)
KUALA LUMPUR, April 29 (Reuters) - Here are news stories that may affect the Malaysian stock market on Tuesday.
MALAYSIA'S PELIKAN LOOKS TO BUY CHINA FIRMS -PAPER
- Malaysian stationery maker Pelikan International Corp Bhd (PELK.KL) is in talks to buy two Chinese rivals for an estimated $200 million, the Business Times said on Tuesday, quoting the company's boss.
For full story, please double click on [ID:nKLR197921]
MALAYSIA'S TM INTERNATIONAL FALLS ON DEBUT
- Shares of TM International Bhd TMIT.KL, the $9 billion mobile phone unit spun off from Telekom Malaysia (TLMM.KL), fell in first-day trading on Monday, with analysts cautious on its valuation and performance prospects.
For full story, please double-click on [ID:nKLR166755]
TASEK BUYS INTO HONG LEONG ASIA MATERIALS BUSINESS
Malaysia's cement maker Tasek Corp Bhd (TKCS.KL) has agreed to buy a building materials business from Hong Leong Asia (HLAA.SI) for S$323.5 million ($237.7 million) in an all-share deal, Tasek said on Monday.
For full story, please double-click on [ID:nKLR208070]
AIRASIA'S 500 MLN RGT SUKUK ISSUE APPROVED
- Malaysian budget carrier AirAsia Bhd's (AIRA.KL) proposed 500 million ringgit ($158.5 million) sukuk (Islamic bond) has been approved by the market regulator, the airline said on Monday. The airline said proceeds from the sukuk would be used to part finance its capital expenditure.
For full story, please double-click on [ID:nKLR250825]
BUILDER BINA PURI SELLS STAKE IN HIGHWAY FIRM
- Malaysian builder Bina Puri (BPUR.KL) has sold its 10 percent stake in a highway company, the firm told the stock exchange on Monday. The unlisted highway company, KL-Kuala Selangor Expressway Bhd, has an authorised share capital of 100 million ringgit ($31.70 million).
FABER GROUP PLANS CAPITAL REPAYMENT
- Malaysian health group Faber Group Bhd (FBMS.KL) has proposed a 115 million ringgit ($36.45 million) capital repayment to a special purpose vehicle set up to sell off its assets, Faber said on Monday.
For full story, please double-click on [ID:nKLR204355]
TRANSMILE DENIES SHAREHOLDER TO EXIT
- The Kuok Group, the single largest shareholder in Malaysian air cargo carrier Transmile Group (TMGB.KL), is not looking to exit the company, Transmile said on Monday.
Transmile, controlled by Hong Kong-based billionaire Robert Kuok, is the highest-profile casualty among listed Malaysian corporates that have unveiled accounting irregularities.
GULF PETROLEUM $5BLN MALAYSIA PROJECT WINS GO-AHEAD
- Qatar-based Gulf Petroleum Ltd has secured regulatory approvals to develop a $5-billion oil and petrochemical complex in the northern Malaysian state of Perak, the official Bernama news agency said on Monday.
For full story, please double click on [ID:nKLR219937] (Reporting by Liau Y-Sing and Mark Bendeich)
