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KUALA LUMPER, March 1 Asia Pulse - Highlights of today's newspapers:
THE STAR
- Investors gave a lukewarm reception to Technology Resources Industries Bhd (TRI) shares yesterday when the restricted issue and the ordinary shares were traded as one for the first time.
- Petroliam Nasional Bhd (Petronas) has agreed to acquire an additional 24.4 per cent stake in Putrajaya Holdings Sdn Bhd, comprising 537,000 shares of RM1,000 each and valued at RM666.06mil, from Khazanah Nasional Bhd.
- Construction And Supplies House Bhd (CASH) has announced a corporate restructuring scheme involving a ten-to-one capital reduction and change of its core business to hotels and resorts management.
- BIMB Securities (Holdings) Sdn Bhd (BSHSB) has signed an agreement with Permodalan Nasional Bhd (PNB) and BIMB Securities Sdn Bhd (BSSB) for the proposed subscription by BSHSB and PNB to 68 million new RM1 ordinary shares in BSSB.
- SP Setia Bhd is confident that the federal government contract to upgrade the 35km Pasir Gudang Highway will contribute significantly to its revenue for the next three years.