In-depth reporting on Malaysia and the region.
Malaysia International Shipping Corporation has disclosed preliminary talks regarding a potential privatisation of Yinson Holdings at an indicative offer of RM2.35 per share, with YLSB and related parties seeking to acquire remaining shares while EPF maintains its stake.
Allrich Corp and Richard Holdings, controlling nearly 75% of Tong Herr, have proposed taking the fasteners manufacturer private at RM2.55 per share, a substantial premium to recent trading prices.
FIFA President Gianni Infantino has reversed plans to privatise a portion of the World Cup after stakeholder divisions made the initiative untenable, citing his commitment to uniting rather than dividing the global football community.
Australia's players union has denounced FIFA's proposal to bring private investors into the World Cup, arguing the governing body is sidelining athletes and fans while prioritising commercial interests over sporting integrity.
UEFA and its 55 member nations have voted to boycott all FIFA tournaments in protest against plans to sell a stake in the World Cup to private investors, raising serious governance and transparency questions.