Malakoff buy the entire issued and paid-up IPME $ 113.4

 Corporation Bhd strengthen business portfolio energy when buying the entire share capital and issue IP Middle East Holding Company Ltd (IPME) from International Power Holdings Ltd. (IPR) in a transaction valued at U.S. $ 113.4 million (RM348 million). Purchase was made ​​Malakoff also 51 percent owned subsidiary of the local engineering conglomerate MMC Corporation Bhd through wholly-owned subsidiary, Malakoff International Ltd.

IPME established on December 13, 2005 is an investment holding company.
Authorized share capital of the company is U.S. $ 100 million comprising 100 million ordinary shares of U.S. $ 1 per share, of which 56.26 million ordinary shares of U.S. $ 1 per share has been issued and fully paid.

UMW sales target of over 400 units of the Lexus RX

luxury vehicle business unit of UMW Toyota Motor Sdn Bhd (Malaysia LEXUS), aims to sell more Lexus RX 400 units this year with the introduction of improved versions of four sports utility vehicle (SUV), that is, RX270, RX350, RX350 and RX450h F SPORT. President of UMW Toyota Motor, Ismet Suki said crossover model in the large luxury SUV segment of the fourth generation, the second model after the Lexus GS Lexus using the neatness of the design philosophy 'L-Finesse' latest interpretation of the spindle featuring Grille.

All variants RX is open for booking starting May 2 and the RX270 is the price of RM359, 800, RX350 (RM399, 800), while the F SPORT RX350 and RX450h hybrid variants of their worth RM409, 800 and RM525, 000," he said at the launch of the upgraded version of the model, in Petaling Jaya, yesterday.
Ismet said that so far in April, Lexus RX record sales of nearly 1,100 units at the same time contribute 32 per

American firms open operations in Malaysia

BOSE Corporation, the audio world's leading based in the United States (U.S.), will open the assembly facility, distribution, and research and development (R & D) in Malaysia this year, the first facility in Asia Pacific.
Vice President Global Manufacturing and Supply Chain, Bryan Fontaine, said the new facility is scheduled to be operational mid next year it will produce and distribute products to Bose Asia Pacific markets, including Australia, China, India, Japan, United Arab Emirates, and ASEAN.
"The investment is for long-term involve various phases of development. "It will be built in an area of 9.2 hectares at Mile Friends, New York, adjacent to the second Penang bridge," he said at a news conference announcing the company's first investment in Asia Pacific in Kuala Lumpur , yesterday. present Chairman of Malaysian Industrial Development Authority (MIDA), Tan Sri Dr Sulaiman Mahbob: Vice president and General Counsel and Secretary of the Bose Corporation, Mark E Sullivan and Executive Vice President,