The credit impact of a potential merger Axiata Group Bhd (KL:AXIATA) is considering in Indonesia hinges on the deal structure, according to S&P Global Ratings.

In a statement on Friday, the rating agency said a key factor would be the extent of control over the cash flow of the merged entity.

S&P: Credit impact of Axiata's potential Indonesian merger hinges on deal structure

Malaysia Airports Holdings Bhd (KL:AIRPORT) confirmed that it had received a takeover offer from a consortium led by its major shareholder Khazanah Nasional Bhd and the Employees Provident Fund (EPF), in a deal worth over RM12 billion.

MAHB confirms RM11 per share privatisation offer from Khazanah, EPF-led consortium 

Axiata Group Bhd (KL:AXIATA), Malaysia’s largest mobile telecommunications company by revenue, said on Wednesday it had signed a non-binding agreement with conglomerate Sinar Mas to explore combining their Indonesian units.

Axiata, Sinar Mas sign agreement to explore merger of Indonesian units

(May 13): A consortium featuring investors including Starwood Capital Group and SSW Partners is considering a buyout of Asian warehouse developer ESR Group Ltd, people familiar with the matter said, injecting more life into dealmaking in Hong Kong.

Starwood, SSW Partners in group said to be considering buyout of ESR

(May 13): The owner of PT Inti Bangun Sejahtera (IBS) is close to selling a controlling stake in the telecom tower company to PT Profesional Telekomunikasi Indonesia (Protelindo), according to people with knowledge of the matter.

Inti Bangun Sejahtera owner said to be nearing sale of telecom tower unit to Protelindo

KUALA LUMPUR (May 10): Paramount Corp Bhd (KL:PARAMON) bought a 21.54% stake in Eco World International Bhd (EWI)(KL:EWINT) for RM170.61 million in cash.

Paramount buys 21.5% stake in Eco World International from Quek Leng Chan for RM170.61m cash

MAA Group Bhd (KL:MAA) has acquired an additional 201.48 million shares, or a 4.98% stake, in troubled Practice Note 17 (PN17) company KNM Group Bhd (KL:KNM) for RM33.24 million, or an average price 16.5 sen per share.

MAA raises stake in KNM to 13.54%

At the close of Chin Hin Group Bhd's (KL:CHINHIN) mandatory takeover offer (MGO) for all the remaining stakes in Signature International Bhd (SIB) (KL:SIGN), Chin Hin received acceptances for over 245.53 million shares, or the equivalent of a 38.69% stake.

Chin Hin ups stake in Signature International to 72.18% at close of MGO

KUALA LUMPUR (May 10): Personal care products retailer InNature Bhd (KL:INNATURE) said on Friday that it is acquiring the operator of Burger & Lobster restaurants for RM21.25 million in a related-party deal as part of a diversification plan.

InNature to acquire Burger & Lobster operator for RM21.25m from major shareholders

Banco Bilbao Vizcaya Argentaria SA’s hostile takeover for Banco de Sabadell SA breaks the law, the smaller rival said, ratcheting up the heat in an increasingly bitter corporate battle.

BBVA’s hostile bid breaks law, Sabadell says as tempers rise

SINGAPORE (May 10): Oversea-Chinese Banking Corporation Ltd (OCBC) has announced a S$1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings (GEH) that it does not currently own.

Singapore’s OCBC makes privatisation bid for Great Eastern with S$25.60 offer price

Spanish bank BBVA launched a hostile  €12.23 billion (RM62.1 billion) all-share takeover bid for Sabadell on Thursday, after its smaller rival rejected the same proposal earlier this week.

Spain's BBVA announces US$13b hostile takeover offer for Sabadell

Malaysian conglomerate Axiata Group (KL:AXIATA) and Indonesian group PT Sinar Mas have sought permission from the Indonesian government to merge their telco units, the communications minister told Reuters on Wednesday.

Axiata, Sinar Mas seeking permission for Indonesia telco merger, minister says

SINGAPORE (May 8): Local telco operators StarHub and M1 are said to be back to exploring a potential merger of their businesses, according to TMT Finance, citing five sources familiar with the matter.

StarHub, M1 potential merger said to be back on — TMT Finance

(May 19): Liverpool's outgoing manager Juergen Klopp has never been one for social media but he took the plunge on Saturday ahead of his final game in charge, instantly becoming an Instagram hit when he racked up a million followers.

Klopp announced in January that he would leave Liverp...

Klopp earns a million Instagram followers within hours

KHARKIV, Ukraine (May 19): Ukraine said Russian shelling targeted civilians in two cities in the northeastern region of Kharkiv on Saturday while President Volodymyr Zelenskiy reported successes by troops fighting a renewed Russian assault there.

Ukrainian prosecutors said they were inv...

Ukraine says Russian shelling targets civilians in Kharkiv region

(May 19): After guiding Chelsea to the Women's Super League title for the seventh time, Emma Hayes is a woman with just one job.

Hayes can fully concentrate on being coach of the United States Women's National Team after Chelsea's 6-0 win over Manchester United on Saturday. It marked the fifth st...

After one last Chelsea title, Emma Hayes now focused on USWNT

Police have identified the male suspect who attacked the Ulu Tiram police station on Friday and confirmed that he has no links to any terrorist groups.

Inspector-General of Police Tan Sri Razarudin Husain clarified that the initial statement of the suspect being a member of Jemaah Islamiyah (JI) was based on his father's involvement with the terrorist group.

IGP: Suspect in Ulu Tiram police station attack not linked to terrorist group

From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.

Of the world’s 20 largest stock markets, 14 have hit all-time highs recently.

From Tokyo to New York, stock markets are on a record-hitting spree around the world

All the suspects remanded on Saturday following the attack at the Ulu Tiram police station early on Friday morning are local citizens, said Inspector-General of Police Tan Sri Razarudin Husain.

Ulu Tiram attack: Seven suspects remanded are locals, says IGP

The Communist Party of Vietnam has nominated police minister To Lam to be state president, the government said on Saturday.

Vietnam nominates top police official To Lam as state president

Maybank and English Premier League club Manchester United have launched their latest co-branded credit card in Indonesia.

In 2023, Maybank and Manchester United announced the extension of their 13-year partnership into Indonesia — adding a fourth Asean country to their existing co-branded products available to customers in Malaysia, Singapore, and the Philippines.

Maybank, Manchester United launch new co-branded credit card in Indonesia

China's agriculture minister is being investigated for suspected violations of law and discipline, the country's anti-graft watchdog said on Saturday.

China probes agriculture minister for suspected disciplinary violations

Sarawak is optimistic that its state revenue will continue to grow over the next two to three years, driven by the state's strong economic performance this year, said Premier Tan Sri Abang Johari Tun Openg.

Abang Johari optimistic Sarawak's revenue will grow in next two to three years

From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.

Of the world’s 20 largest stock markets, 14 have hit all-time highs recently.

Police have identified the male suspect who attacked the Ulu Tiram police station on Friday and confirmed that he has no links to any terrorist groups.

Inspector-General of Police Tan Sri Razarudin Husain clarified that the initial statement of the suspect being a member of Jemaah Islamiyah (JI) was based on his father's involvement with the terrorist group.

All the suspects remanded on Saturday following the attack at the Ulu Tiram police station early on Friday morning are local citizens, said Inspector-General of Police Tan Sri Razarudin Husain.

(May 19): Liverpool's outgoing manager Juergen Klopp has never been one for social media but he took the plunge on Saturday ahead of his final game in charge, instantly becoming an Instagram hit when he racked up a million followers.

Klopp announced in January that he would leave Liverp...

KHARKIV, Ukraine (May 19): Ukraine said Russian shelling targeted civilians in two cities in the northeastern region of Kharkiv on Saturday while President Volodymyr Zelenskiy reported successes by troops fighting a renewed Russian assault there.

Ukrainian prosecutors said they were inv...

(May 19): After guiding Chelsea to the Women's Super League title for the seventh time, Emma Hayes is a woman with just one job.

Hayes can fully concentrate on being coach of the United States Women's National Team after Chelsea's 6-0 win over Manchester United on Saturday. It marked the fifth st...

M&A

‌
‌

M&A

‌‌

‌
‌