CORPORATE

GHL SYSTEMS Teams Up With CIMB Thai Bank

 |  Thursday, 09 March 2017 10:40  |  Published in CORPORATE

Bangkok, Thailand, March 9 – GHL (Thailand) Co. Ltd; a wholly owned subsidiary of GHL Systems Bhd has yesterday signed an agreement with CIMB Thai Bank Limited (CIMB Thai) to jointly provide card payment services in Thailand. 

This tie-up seeks to offer card payment acceptance services to CIMB Thai’s corporate clients involved in the retail as well as services segment.  

Hap Seng Disposes Logistics Business For RM750 Million

 |  Wednesday, 08 March 2017 14:46  |  Published in CORPORATE

Kuala Lumpur, March 8 - Hap Seng Consolidated Bhd is selling its 100% stake in logistics service provider Hap Seng Logistics Sdn Bhd (HSL) to a unit of Hong Kong-based Lei Shing Hong Ltd for RM750mil.

The diversified group, with businesses ranging from plantations to automotive, in a filing to Bursa Malaysia yesterday, said the proposed disposal was an opportunity for it to realise a substantial gain from its investment in HSL.

Time Takes 49% Stake In Thai Telecommunication Firm

 |  Tuesday, 07 March 2017 12:50  |  Published in CORPORATE

Shah Alam, March 7 - TIME dotCom Bhd has submitted a strategic investment proposal to the Board of Directors of Symphony Communication Public Company Limited (Symphony), one of the leading publicly listed fixed-line telecommunication service providers in Thailand.

TIME’s investment, which is subject to receiving relevant shareholder and regulatory approvals, would be up to THB 2.2 billion (approximately RM 280 million) and would provide TIME with a shareholding of up to 49% in Symphony. TIME has received a statement of support from existing shareholders of Symphony who hold approximately 47% of the shares.

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