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Cahya Mata Sarawak: News> 2007
NEWS ARCHIVES 2007 News Archive Click on the respective year for the announcements: 2008 | 2007 | 2006 | 2005 05/09/07 CMS Trust Management shares investment strategies 03/09/07 CMS Cement to acquire Clinker Plant 30/08/07 CMS Premier & CMS Islamic funds Announce Interim Net Income Distribution
UTAMA BANKING GROUP RECORDS GOOD PROFIT
Monday, 28 February 2005, Kuching - Utama Banking Group Berhad (UBG) records net profit of RM44.5 million for the financial year ended 31 December 2004, a turnaround from a net loss of RM25.8 million reported in 2003.
UBG to make Capital Repayment from proceeds of RHB sale
Wednesday, 4 April 2007, Kuching – Utama Banking Group Berhad (UBG) is planning a Proposed Capital Repayment in which RM1.37 billion from the total proceeds raised from the sale of UBG’s shares in Rashid Hussain Berhad (RHB) will be distributed to shareholders of UBG.
UBG shareholders vote in favour of disposal of RHB shares to EPF
Also at the EGM, shareholders voted in favour of the proposed capital repayment via a cash distribution of RM1.365 billion to the shareholders of UBG on the basis of RM2.00 for every one (1) existing ordinary share of RM1.00 each in UBG held at an entitlement date to be determined later.
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Cahya Mata Sarawak: Corporate Information > Our Businesses: Construction, Road Maintenance &
UBG Berhad is evolving. Following its divestment of shareholding in the RHB financial services group in 2007, a series of acquisitions into new core businesses is reshaping UBG.
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T R O U B L E D C O M P A N Y R E P O R T E R A S I A P A C I F I C Tuesday, December 7, 1999, Vol. 2, No. 238 Headlines * C H I N A & H O N G K O N G * ASHITA INDUSTRIES LTD.: Facing winding up petition BUDGETED TRADING LTD.: Facing winding up petition DANIEL CLAYTON LTD.
The Asian Banker Press Releases RSS Feeds
Fitch Ratings has upgraded the Support ratings of five commercial banks in China by one notch, reflecting the improved ability of the government to support domestic financial institutions and the close relationship between these banks and the central and local governments.
http://www.theasianbanker.com/rss.nsf/tabpr?OpenForm&Start=1746
theedgeasia.com
The RHB group appears to be the next merger and acquisition (M&A) candidate, with three proposals on the table. Two of the bids - from Kuwait Finance House (Malaysia) Bhd (KFHMB) and Primus Pacific Partners - involve the proposed acquisition of a controlling stake in Rashid Hussain Bhd (RHB).
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