KUALA LUMPUR (Jan 25): Diversified group Malayan United Industries Bhd (MUI), through its venture arm Pan Malaysia Ventures Sdn Bhd, has emerged as the lead investor in designer perfume-subscription service provider Scentses + Co’s seed-funding round under a strategic partnership that will allow Scentses + Co and MUI to effectively offer a more holistic retail…
The Regency Hotel Hospitality Ltd (RHH), a wholly-owned indirect subsidiary of Malayan United Industries (MUI) Bhd, is selling a property in Shirley, West Midlands, for £6.5 million (RM36.22 million). RHH is selling 4.2 acres of freehold land with a 111-room three-star hotel measuring about 77,526 square feet to Westbourne Leisure Ltd, MUI announced last Friday…
KUALA LUMPUR: Malayan United Industries Bhd (MUI) has inked a deal to sell a 4.2-acre freehold land together with a hotel in Britain for £6.5mil cash (RM36.22mil) to Westbourne Leisure Ltd. In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary The Regency Hotel Hospitality Ltd had entered into an agreement with Westbourne on Dec…
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,…