Refining China

Article Abstract:

Many multinational concerns and their financial advisers are beginning to reconsider plans to invest in China, and some projects have already been cancelled. China has seen strong economic growth over recent years, and appears to be an attractive investment location. However, investment has proved complicated in practice, and foreign concerns are now being deterred. This is clearly shown in the case of Elf-Aquitaine, which has decided not to go ahead with a planned $2.5 billion oil refinery in Shanghai.

China

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Malaysia: a mix of business and politics

Article Abstract:

There was considerable merger and acquisition activity in Malaysia in 1996, especially in the banking sector. Significant developments include plans by DCB Holdings to purchase 75% of Kwong Yik Bank from Maybank, possibly creating the strongest financial services operation in the country. Malaysian companies are also starting to invest more actively abroad, with deals including the purchase by Perusahaan Otomobil Nasional of a controlling interest in Lotus Group International.

Commercial Banks, Commercial Banking, Banking industry, Acquisitions and mergers, Malaysia

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Murky Malaysia

Article Abstract:

Wealthy individuals in Malaysia have recently been involved in the corporate finance wars. Mirzan Mahathir, son of Mahathir Mohamad, the Malaysian premier, announced plans to purchase Diperdana, another haulier. He already had a 72% stake in Konsortium Perkapalan (KPB), a major haulage company. Datuk Samsudin Abu Hassan, a businessman, recently sold a share in Landmarks Holdings, a property developer, to Eastnasa Holdings.

Real Estate, Real Estate and Rental and Leasing, Transportation, Real estate developers, Mergers, acquisitions and divestments, Transportation industry, Landmarks Holdings Bhd.

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