Sharp, essential news and analysis from Malaysia.
Malaysia's MISC and major shareholder YLSB have confirmed they are in preliminary talks regarding a potential privatisation of FPSO operator Yinson at an indicative price of RM2.35 per share, with the Employees Provident Fund to retain its stake.
Two substantial shareholders of fastener maker Tong Herr have proposed taking the company private at RM2.55 per share, representing a significant premium to recent trading levels. The move requires shareholder approval and High Court confirmation.
Europe's major airline alliances have tabled competing bids for a controlling stake in TAP Air Portugal, with Portugal's government set to choose a strategic partner by September.