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MALAYSIAN NEWSPAPER HIGHLIGHTS - FEB 1, 2005.

AsiaPulse News

| February 01, 2005 | COPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KUALA LUMPUR, Feb 1 Asia Pulse - Highlights of today's newspapers:

THE STAR:

- Pulp and paper producer Lion Forest Industries Bhd (Lion FIB) has proposed to acquire Silverstone Bhd, which manufactures tyres. Both LionFIB and Silverstone are members of the Lion group.

- United Engineers (M) Bhd (UEM) has emerged as lead member, with 65% stake, in a Malaysian consortium that is said to be the front-runner for the US$1.2bil monorail project in Dubai.

- AMMB Holdings wants to buy all the remaining shares of Singapore's Fraser Securities as part of plans to expand its stockbroking businesses abroad.

- DRB-HICOM Bhd has announced the termination of the distributorship agreement between its 70% subsidiary, Scott and English Electronics Sdn Bhd (SEE), and South Korea-based LG Electronics Inc (LGE).

- Super auto retailer Edaran Otomobil Nasional Bhd (EON) said its top dealers managed to achieve sales of RM45mil in genuine Proton parts for 2004.

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Source: HighBeam Research, MALAYSIAN NEWSPAPER HIGHLIGHTS - FEB 1, 2005.

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