Following are the main stories in Malaysian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
THE STAR (www.thestar.com.my)
* The Malaysian Chinese Association (MCA), a key component party of the ruling coalition, will hold internal polls with a record 101 candidates fighting for 31 posts.
* Malaysian investment bankers and dealmakers are opposed to the proposed change on the assets and liabilities methods of buying listed firms.
On Friday, the Securities Commission issued a paper that proposed to raise the shareholder approval level in an acquisition via assets and liabilities to 75 percent from the current simple majority.
NEW STRAITS TIMES (www.nst.com.my)
* Prime Minister Najib Razak will meet international money managers in Hong Kong on Tuesday to promote Malaysia as one of Asia's top investment destinations.
BUSINESS TIMES (www.btimes.com.my)
* AmBank Group, the parent company of AMMB Holdings , aims to bolster Islamic banking and financial services in the region as part of its expansion drive, Chairman Azman Hashim said.
THE EDGE FINANCIAL DAILY (www.theedgedaily.com.my)
* KNM Group has not extended an exclusivity period for its major shareholder to conduct due diligence and privatise the firm but still wants to conclude talks in a month, raising expectations of a revised lower offer.
THE MALAYSIA RESERVE (www.themalaysianreserve.com)
* The marketing arm of Malaysia's national car maker Proton plan to reduce the number of outlets selling car parts to 50 from the current 124 by 2013 to improve cost savings and boost productivity, its CEO Mohamad Shukor Ibrahim said.
** Looking for more information from local sources? Reuters Business Briefing has 13 Malaysian sources including Business Times Malaysia. For details of the product please call your local help desk (PHONE/HELP).
($1=3.305 Malaysian Ringgit) (Kuala Lumpur newsroom, +603 2333 8046; fax +603 2072 6752, areuters@gmail.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
THE STAR (www.thestar.com.my)
* The Malaysian Chinese Association (MCA), a key component party of the ruling coalition, will hold internal polls with a record 101 candidates fighting for 31 posts.
* Malaysian investment bankers and dealmakers are opposed to the proposed change on the assets and liabilities methods of buying listed firms.
On Friday, the Securities Commission issued a paper that proposed to raise the shareholder approval level in an acquisition via assets and liabilities to 75 percent from the current simple majority.
NEW STRAITS TIMES (www.nst.com.my)
* Prime Minister Najib Razak will meet international money managers in Hong Kong on Tuesday to promote Malaysia as one of Asia's top investment destinations.
BUSINESS TIMES (www.btimes.com.my)
* AmBank Group, the parent company of AMMB Holdings , aims to bolster Islamic banking and financial services in the region as part of its expansion drive, Chairman Azman Hashim said.
THE EDGE FINANCIAL DAILY (www.theedgedaily.com.my)
* KNM Group has not extended an exclusivity period for its major shareholder to conduct due diligence and privatise the firm but still wants to conclude talks in a month, raising expectations of a revised lower offer.
THE MALAYSIA RESERVE (www.themalaysianreserve.com)
* The marketing arm of Malaysia's national car maker Proton plan to reduce the number of outlets selling car parts to 50 from the current 124 by 2013 to improve cost savings and boost productivity, its CEO Mohamad Shukor Ibrahim said.
** Looking for more information from local sources? Reuters Business Briefing has 13 Malaysian sources including Business Times Malaysia. For details of the product please call your local help desk (PHONE/HELP).
($1=3.305 Malaysian Ringgit) (Kuala Lumpur newsroom, +603 2333 8046; fax +603 2072 6752, areuters@gmail.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News