Monday 6 February 2012

Why the wind comes from the South?

Below were some pieces of news related to Malaysia stock market but a bit surprisingly they were first reported by media of our neighbour across the causeway:

Minority shareholder sues SC over Sime’s E&O offer waiver
"Singapore’s The Straits Times reported today that Michael Chow Keat Thye, a minority shareholder of E&O, is seeking to overturn the waiver granted to Sime Darby by the industry regulator, which he maintains was “irrational and one which no reasonable body would have reached”." 
SC task force found Sime Darby triggered E&O general offer
"Singapore’s The Straits Times reported that the task force was of the view that a general offer obligation had been triggered as a new “concert party” was created between Sime Darby and E&O managing director Datuk Terry Tham, who jointly controlled more than 33 per cent in the property concern after the deal."
Report: Zarinah may leave SC next month
"PETALING JAYA: Tan Sri Zarinah Anwar, chairman of the Securities Commission (SC), will reportedly step down next month as pressure grows over the SC’s role in Sime Darby Bhd’s acquisition of a 30% stake in Eastern & Oriental Bhd (E&O) last August, said Singapore’s The Straits Times."
CIMB acts over RM1.4b loan; Johor oil terminal plans in tatters
"Asia Petroleum Hub (APH), a private company to develop and operate a multibillion-dollar oil terminal in Johor, has been placed under receivership by CIMB Bank, Singapore’s Business Times reported."
APH to see new shareholders
"Muhibbah's share price shot up yesterday after Singapore Straits Times broke the news that a CIMB-led consortium has agreed to take over the multi-billion ringgit oil terminal project in Johor"
Why so often not the local media but the media in Singapore who first tells us what is happening in our capital market?

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