LHAG Advocates And Solicitors LHAG Advocates And Solicitors

News & Publications

15 November 2019

Aviation

Malaysia Airlines aims to reduce cost of non-critical components by 15%

Russian president’s aide linked to downing of MH17

Capital markets

Solar PV specialist Solarvest’s IPO oversubscribed

Commodities

Indian refiners again buying Malaysian palm oil

Construction

GDB main contractor for Aviary Residence @ Puchong Horizon

Earnings

Petronas Chemicals’ Q3 profit halved on compressed margin

Employment

Cabinet may discuss proposed seven-day paternity leave for private sector

Energy

Mattan Engineering eyes larger RE market share here and in Asean

Finance

Urusharta Jamaah completes transfer of non-performing assets held by Lembaga Tabung Haji

Islamic finance

Visiting Fellowship at Oxford Centre for Islamic Studies open for application until February 2020

Legislation

Personal Data Protection Act 2010 under review

Mergers and acquisitions

US-listed Empire Resorts’ shareholders approve merger with Genting Malaysia

Sime Darby looking to spend RM1 billion each year on acquisitions, organic growth

Oil and gas

Dialog actively seeking brownfield assets

Gas Malaysia’s Q3 profit up 12%

T7 Global’s Tanjung Offshore clinches umbrella contract from Vestigo Petroleum

Wah Seong’s next catalyst will be pipeline services division

Postal services

Pos Malaysia investing over RM300 million to boost parcels processing capacity

Property

Felda, FIC file suits against former chairmen through Lee Hishammuddin Allen & Gledhill

Demand-supply mismatch in key markets continues, albeit at slower rate

Sime Darby Property, Mitsui and Mitsubishi JV to develop industrial land in Bandar Bukit Raja

Shipping

MISC’s Q3 profit down 22% on impairment losses

Telecommunications

Axiata’s ada seeking to expand into Vietnam, assessing Myanmar

Tobacco

BAT’s Commercial Marketers and Distributors files for judicial review against revocation decision

ASIA

Investment

Philippines’ Ayala investing US$238 million in Myanmar’s Yoma

Retail

Burberry opening ‘social retail’ store in Shenzhen powered by Tencent technology next year

AUSTRALIA

Employment

Maintain clear and open channels of communication with employees working remotely

Mergers and acquisitions

Conditional approval for China Mengniu Dairy’s takeover of infant formula maker Bellamy’s

Real estate

Sydney’s City Tattersalls Club can proceed with A$200 million mixed-use tower

EUROPE

Autos

German icon Daimler’s earnings under pressure for next two years

Making self-driving ‘robotaxis’ safe proving harder than first thought

New Ferrari Roma Coupe costs just over €200k in Italy

Energy

European Investment Bank’s new lending policy starts in 2022

Human rights

Norwegian SWF will no longer invest in British security company G4S on ethical grounds

SINGAPORE

Banks

UBS fined S$11 million

Technology

Temasek-backed Phononic hopes to convince businesses to switch to bladeless fans

Telecommunications

Singtel records first-ever quarterly loss

UK

Real estate

L-shaped three-bedroom property built on site of former farmstead named UK’s best house

£1 million-plus homes sell for below asking price

Retail

Burberry on track to deliver first phase of CEO’s turnaround strategy despite Hong Kong turmoil

Enthusiastic response to designer’s products has lifted overall sales

US

Media

GateHouse-Gannett merger means more than 550 newspapers under same owner

Technology

Facebook signs one of largest real estate transactions in its history

Activist investor pushing for HP’s merger with Xerox

Motorola Razr is back, set to become first true foldable phone on the market