KUALA LUMPUR (Dec 31): Malayan United Industries Bhd (MUI) has said its British unit is disposing of a land together with a 111-room hotel in Shirley, West Midlands for £6.5 million (RM36.22 million). The Regency Hotel Hospitality Ltd, a wholly-owned indirect subsidiary, is selling the property to Westbourne Leisure Ltd, MUI said in a bourse…
Some of Southeast Asia’s old-money tycoons are boosting investment in technology startups, looking to ride a wave of surging valuations as they seek to counter the fallout of the pandemic on businesses ranging from retail to hospitality and manufacturing. Holding companies, family investing arms and other vehicles of moguls from Thailand’s Dhanin Chearavanont to the…
It has been a long time since the asset-rich but cash-flow-light MUI group of companies undertook a corporate transaction in the country. When it finally took to putting money in the local scene again, it went into one of the most competitive industries. Earlier last week, Pan Malaysia Corp Bhd (PMC), a member of the…
PETALING JAYA: With the Covid-19 pandemic ruining most companies’ growth plans, some have scrambled to find other businesses to ensure their survival. In the case of Malayan United Industries Bhd (MUI), the pandemic has cut deep because the group is involved in sectors that are deemed most vulnerable to Covid-19 such as hotels and retail and to…
Malaysia’s listed diversified conglomerate Malayan United Industries Berhad (MUI) – whose business interests spanfrom confectionery to property – is betting big on startup investments to capitalise on the digitalisation boom.MUI created an early-stage venture capital vehicle Pan Malaysia Ventures Sdn Bhd (PMV) in August last year to invest in tech or tech-enabled businesses at the…
KUALA LUMPUR: Pan Malaysia Corp Bhd memeterai perjanjian jual dan beli bersama Inter Mark Resources Sdn Bhd (IMR) untuk mengambil alih 31.62 juta saham, atau 51 peratus kepentingan dalam A&W (M) Sdn Bhd (A&W Malaysia). Dalam makluman kepada Bursa Malaysia hari ini, Pan Malaysia berkata cadangan pembelian itu, yang bernilai RM21.04 juta, akan dilaksanakan menerusi…
KUALA LUMPUR (Sept 23): Pan Malaysia Corp Bhd (PMC) has entered into a sale and purchase agreement with Inter Mark Resources Sdn Bhd (IMR) to acquire a total of 31.62 million shares, or a 51% stake, in A&W (M) Sdn Bhd (A&W Malaysia). In an announcement to Bursa Malaysia today, PMC said the proposed acquisition,…
KUALA LUMPUR (Bernama) — Pan Malaysia Corporation Bhd (PMC) has proposed to acquire a 51% share in A&W (Malaysia) Sdn Bhd from Inter Mark Resources Sdn Bhd for RM21.04 million. In a filing with Bursa Malaysia today, PMC said the acquisition would be satisfied via a combination of cash amounting to RM11.57 million and a transfer of…
PETALING JAYA: The Covid-19 pandemic has disrupted businesses for the entire 2020, even more so for Malayan United Industries Bhd (MUI), which has been trying to forge a turnaround since 2018. Being involved primarily in the retail, hospitality and property businesses, it is to no surprise that MUI was adversely affected this year, besides Covid-19’s attempt in…
KUALA LUMPUR: Metrojaya Bhd (Metrojaya) meneruskan operasi perniagaan peruncitannya seperti biasa termasuk rangkaian anak syarikatnya seperti MJ Department Stores Sdn Bhd dan EIC Clothing Sdn Bhd. Ia sekali gus menyangkal laporan bahawa syarikat itu sudah ‘gulung tikar’ disebabkan pandemik COVID-19. Metrojaya adalah anak syarikat Malayan United Industries Bhd (MUI), yang memiliki kepentingan sebanyak 98.21 peratus.…