Telecom squabble highlights corporate-governance issues: tussle over assets of Time Engineering may hamper ability to attract foreign money

Article Abstract:

Mutual fund managers underweight their Malaysian holdings and venture capitalists are hesitant to invest in the nation's start ups. A recent move by Sapura to acquire Time dotCom from Time Engineerig and a related move by Time Engineering to make an alliance with Singapore Telecommunications highlight troubles in Malaysia.

Forecasts, trends, outlooks, Other Communication and Energy Wire Manufacturing, Alliances, partnerships, Nonferrous wiredrawing & insulating, Nonferrous Wire Drawing, Management, Asia, International trade, Singapore Telecommunications Private Ltd., Electrical wire and cable industry, Electric wire and cable industry, Nonferrous wire, Wire drawing, Time Dotcom, Sapura Holdings Sdn. Bhd.

---

Deal's Collapse Puts Singtel in Familiar Place: Square One

Article Abstract:

Singapore Telecommunications Ltd.'s (Singtel) acquisition deal with Malaysia's Time Engineering Bhd. collapsed, but the ongoing deregulation and privatization in the region could attract future foreign investors. Many experts say Singtel needs to change its image, since Temasek Holdings, the Singapore government's investment holding arm, still has a 78% stake in the company.

Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, Special warehousing and storage, not elsewhere classified, Chemical & Petrol Bulk Statns, Other Warehousing and Storage, Statistical Data Included, Telecommunications services industry, Telecommunications industry, Telephone services, Storage and moving industry, Singapore Telecommunications Ltd., Temasek Holdings Private Ltd.

---

Renong receives boost

Article Abstract:

Executive chairman Tan Sri Halim of Renong Bhd., the Malaysian conglomerate with the largest corporate debt in the country, plans to acquire Time Engineering Bhd.'s 21.56% interest in Renong for 874.4 million ringgit, raising his stake in the company from 16.5% to 38.1%. This purchase will help get rid of the interlocking shareholding structure between the two companies as well as providing proceeds to reduce Time Engineering's debt of 4.5 billion ringgit.

Receipt of funds, Use of Funds, Parent-to-subsidiary activities, Support Activities for Oil and Gas Operations, Subsidiary-to-parent activities, Financial assets, Oil and gas field services, not elsewhere classified, Oil & Gas Field Svcs NEC, Fabricated Structural Metal Products, Fabricated Structurals, Architectural and Structural Metals Manufacturing, Investments, Building materials industry, Metal products, Petroleum services industry, Oil field services, Renong Bhd., Structural metals, Halim, Tan Sri

Similar abstracts:

• Abstracts: Ford steers toward a strategy; European chief pins hopes for a rebirth on new models, revamped ads. (Ford Europe's Nick Scheele)
• Abstracts: Tackling France's fear of `la Toile.'(Web merchants use creativity and cash to get shoppers online.) Le Web Shows a Soft Side
• Abstracts: Kuoni focuses its growth strategy on existing and online travel market. C&N remains interested in buying Thomson Travel despite rebuff
• Abstracts: Salomon grabs top slot in Euro debt issuance; Newly muscular staff helps win bond battle. Making the case for growth
• Abstracts: Plans for Hyundai, Daewoo units lack long-term focus; move to assist troubled trusts is contrary to government's call not to support weaker units

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.