Second time lucky

Article Abstract:

Banking groups, Rashid Hussain Bhd. and Commerce Asset Holdings, are planning a merger between RHB Capital and Commerce Asset's Bank of Commerce. The merger will benefit both parties because Commerce Asset will get shares or money. Rashid Hussain is hoping the deal improves its share prices. This is the second time a deal has been negotiated. The first deal was abandoned on 13 Feb 1998 when both parties disliked the terms being proposed. Malaysian Resources welcomes the deal because it bought shares in Rashid Hussain and the price has since dropped from 14 ringgit to 5.40 ringgit.

Mergers & Acquisitions, Banking industry, Mergers, acquisitions and divestments, Rashid Hussain Bhd., Commerce Asset Holdings Bhd

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Banking on success

Article Abstract:

Malaysia has invested heavily in South Africa since the government lifted the ban on doing business there in 1991. Ties between the two countries are strong, and Malaysian President Datuk Seri Mahathir Mohamad is a fierce supporter of South African President Nelson Mandela. Malaysia contributed to the African National Congress even before the latter's rise to power, and a Malaysian firm ran much of Mandela's 1993 presidential campaign. The top Malaysian investor in South Africa thus far is Datuk Samsudin Abu Hassan, head of Landmarks.

South Africa, South African foreign relations, Malaysian foreign relations

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Look out below

Article Abstract:

Share prices for Malaysian timber producer Aokam Perdana have plunged since late 1994 on signs it would not reach pretax profits of M$258 million in the year ending June 30 as promised by company head Teh Soon Seng. Teh has built an international following among fund managers since 1991 with a compelling speaking style and a history of doubled profits every year. Now, his firm is reputedly at odds with the prime source of its below-market-price timber, Idris Hydraulic. Timber-product prices have also fallen lately.

Sawmills, Sawmills and planing mills, general, Lumber, Management, Lumber industry, Aoka Perdana

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