Friday 04 Oct 2024
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EVENING 5: Italian govt rejects KNM’s proposed disposal of FBM Hudson again

Here’s a quick look at some of the stories that made headlines today.

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1. The Italian government has again rejected the proposed disposal by KNM Bhd’s wholly-owned subsidiary KNM Europa BV of its entire stake in FBM Hudson Italiana SpA.

2. Permodalan Nasional Bhd's 44.11%-owned associate Duopharma Biotech Bhd is currently reviewing merger and acquisition (M&A) proposals for firms in Indonesia and the Philippines.

3. Sime Darby Property Bhd has proposed an internal reorganisation, which involves transferring selected assets, liabilities and business activities to its wholly-owned subsidiaries.

4. The High Court has granted Sapura Energy Bhd a nine-month extension to the deadline of its standstill period, which shields its group of companies from action by its creditors.

5. Paramount Corp Bhd is aiming for 30% of its annual profit to stem from overseas property projects by 2030, supported by its recent buy of a 21.5% stake in Eco World International Bhd.
 

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