Friday 10 Jan 2025
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EVENING 5: Public Bank’s MGO for LPI Capital falls short of 50% acceptance level

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. Public Bank Bhd's conditional mandatory takeover offer for the remaining shares of LPI Capital Bhd that it does not own has lapsed, after it failed to secure sufficient acceptances by the close of the offer on Thursday.

2. Malaysia’s growth is set to sustain last year’s pace and exceed 5% in 2025, driven by foreign investments and government initiatives that can help shield the economy from global risks, two key cabinet ministers said in separate interviews.

3. Packet Bhd said its wholly-owned Packet Interactive Sdn Bhd has obtained a digital lending licence from the Ministry of Housing and Local Government.

4. Tenaga Nasional Bhd views data centres as highly attractive customers for its infrastructure projects, offering excellent returns on investment.

5. Major shareholders of NPC Resources Bhd are in talks for a proposal that could lead to the Sabah-based palm oil producer being taken private at RM2.82 per share.


 

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