Axiata Bhd’s 29.6% stake owned associate M1 Ltd is due to receive a capacity boost in Singapore. Singapore announced that it was allocating additional spectrum to three telecommunications companies in the Singapore after it decided not to proceed with the auction of a fourth 3G spectrum. Although it has only an associate’ stake, expecting any upside from M1 to trickle down to Axiata.
Genting SP’s third quarter result is expected to be release Nov 2010.
TopGlove announced a nearly 21% year on year drop in net profit.
Malaysia Marine & Heavy Engineering Holdings Bhd, a unit of MISC Bhd, said its initial public offering (IPO) may raise between RM1.94 billion and RM2.04 billion. Meanwhile, Malaysia Marine will offer IPO shares to individuals at RM3.61 or 95 per cent of the price charged to institutions once that has been fixed. Individuals would pay whichever is the lower amount.
The Election Commission (EC) has set Nov 4 as polling day for the Galas state assembly seat, if there is a contest, while nomination day is Oct 26 2010.
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