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.…
KUALA LUMPUR (June 1): Malayan United Industries Bhd (MUI) clarified today that its 98.21%-owned subsidiary Metrojaya Bhd continues to operate its retailing business as usual through various subsidiaries including MJ Department Stores Sdn Bhd’s outlets and EIC Clothing Sdn Bhd’s East India Company specialty store. MUI said in a Bursa Malaysia filing dated May 31…
KUALA LUMPUR: Metrojaya Bhd has clarified that its Metrojaya department stores and East India Company speciality store are running as usual. “The company is aware that there has been some confusion over the winding-up news of two of its dormant subsidiaries, Metrojaya Department Stores Sdn Bhd (MDS) and East India Company Clothing (Malaysia) Sdn Bhd…
（吉隆坡1日讯）都是公司名字太相近惹的祸！马联合工业（MUIIND，3891，主要板贸服）澄清，国内的美罗百货商店（Metrojaya department stores）和东印度公司专卖店仍如常营运，而准备清盘的两家冬眠公司不会影响这两家公司的业务。
PETALING JAYA: In line with its strategy to rationalise the business under its new leadership, Malayan United Industries Bhd (MUI) is looking to sell the Corus Hotel Hyde Park in London, United Kingdom. The group announced yesterday that its indirect unit, Corus Hotels Limited (CHL) had appointed international investment bank N.M. Rothschild & Sons Ltd…
A company with its core business in the hospitality and retail sectors, MALAYAN UNITED INDUSTRIES BHD (MUI) is going through what could be one of its toughest challenges yet. The asset-rich company, once known as among the top corporate powerhouses in Malaysia, is among those facing the harsh financial repercussions of the Covid-19 pandemic, with…
MUI Group is now just about halfway into its three-year turnaround plan, but is everything going according to schedule? We ask Executive Chairman Andrew Khoo Boo Yeow about progress, challenges and stepping out of his dad’s shadow. Source: The Edge Markets
THE 36-year-old Corus Hotel Kuala Lumpur in Jalan Ampang may be demolished to make way for an integrated development as the owner, Malayan United Industries Bhd (MUI), is considering unlocking the value of the strategically located land. It is mulling the construction of a 55-storey building comprising serviced apartments, co-working space, a hotel and a…