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By Kuala Lumpur Newsroom
Nikkei Markets
KUALA LUMPUR (Dec 05) — Heres a roundup of local news:
*Glove makers to raise prices, expect record revenue of RM16.2b
Malaysian glove manufacturers will raise the prices follow a hike in energy costs and raw materials while it also sees a record revenue of RM16.2bil for 2017 on strong demand. Malaysian Rubber Glove Manufacturers Association president Denis Low Jau Foo said on Monday the members would tweak their prices to match up with rising cost. This could see the price rising by about US$1 to US$1.50 per 1,000 pieces of gloves. – The Star
*Al-Salam REIT to acquire properties from QSR for RM115m
AmanahRaya Trustees, as trustee for Al-Salam REIT, is acquiring 22 properties from several QSR Brands Holdings units in an all-cash deal of RM115mil. The vendors of the properties are KFC (Peninsular Malaysia), Kentucky Fried Chicken (Malaysia), KFC (Sabah) and SPM Restaurants. – The Star
*SC reprimands, fines 5 directors of Trive on false statements
Securities Commission Malaysia reprimanded and fined five directors of TRIVE Property Group for knowingly furnishing false or misleading statements in the 2014 audited financial statements of the company to SC and Bursa Malaysia. – New Straits Times
– By Kuala Lumpur Newsroom; kleditorial@nikkeinewsrise.com; +60320267363
– Edited by Glen Nicol Perkinson
– Send Feedback to feedback@nikkeinewsrise.com
– Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.
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