Plan to unfreeze shares wins government approval
Article Abstract:
The government of Malaysia has approved the implementation of a proposal to liquidate the frozen shares of Malaysian companies that were formerly traded in Singapore under the Central Limit Order Book (CLOB) system. The plan, forwarded by Akhbar Khan, offers three options to investors in the CLOB shares that were frozen on Sep 15, 1998, when Malaysia imposed currency controls. The 170,000 investors, most of them based in Singapore, can opt to sell their shares, exchange them for new shares in a closed-end fund or keep the shares with no trade options for three to five years.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Malaysia backs monorail
Article Abstract:
KL PRT Sdn. Bhd. will secure a 300-million-ringgit or $75.8 million concessionary loan from the Malaysian government to continue with its monorail project. However, terms of the deal were not revealed by Malaysian Transport Minister Datuk Seri Ling Liong Sik. Construction for 16-kilometer monorail project, which traverses through the heart of Kuala Lumpur in Malaysia, has stalled in early 1998 due to the country's financial slowdown. Analyst believe the loan grant will spark fresh criticism of the government's way of managing its economic crisis.
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Will secure a 300-mil-ringgit or $75.8 mil concessionary loan from Malaysian government to continue with its monorail project
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Lesson from BST's plunge
Article Abstract:
Interest in Berjaya Sports Toto stock has dropped due to loans the company made to other businesses in the Berjaya conglomerate.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
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