Thursday 16 May 2024
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EVENING 5: ANZ selling 9% stake in Ambank — report

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1. Australia’s ANZ Group is said to be selling a 9% stake worth up to US$242 million (RM1.155 billion) in AMMB Holdings.

2. Lawyers for SRC International say US$120 million out of the RM4 billion KWAP loan went to Datuk Seri Najib Razak.

3. Iskandar Waterfront City and PLS Plantations are in talks with a China state-owned firm to develop projects in Johor.

4. Paramount Corp aims to sell RM1.4 billion worth of properties in FY2024, as the company ramps up launches.

5. PPB Group, which operates Golden Screen Cinemas, expects a tough year ahead for its film exhibition and distribution business.

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