20110107 1242 Malaysia Corporate Related News.

MAHB: Passenger traffic at Turkish airports rises. The number of passengers at Turkish airports rose 20% to 102.7m last year as foreign arrivals and domestic travel increased. Istanbuls Ataturk Airport, the busiest transport hub in Turkey, saw passenger numbers rose 8% to 32.2m. Meanwhile number of passengers in Sabiha Gokcen Airport increased 71% to 11.1m. Sabiha Gokcen is run by a consortium including Turkey group Limak Holding, Indian firm GMR Infrastructure and Malaysia Airports Holdings Bhd. (Source: Business Times)

MAS: Firefly to offer lowest fares in Msia. Firefly has pledged to offer the lowest fares in the country with its new jet operations. The airline unveiled its new fleet of Boeing 737-800 aircraft, which would lower unit costs substantially. (Source: The Edge Financial Daily)

Sunway City: Launches RM500m development. Sunway City Bhd has launched its latest integrated mixed development - Sunway Nexis at Dataran Sunway, Petaling Jaya. The development covers 5.83 acres with a gross development value of RM500m. The commercial development at Sunway Nexis comprises three-storey retail shops with sizes ranging from 4,133 sq ft to 8,718 sq ft and priced at RM4m and above. (Source: The Star)

Hap Seng: Shares suspended. Hap Seng Consolidated Bhd announced yesterday that trading in its shares would be suspended from 9am to 5pm today pending announcement of a major corporate exercise. (Source: Bursa Malaysia)

Utilities: Selangor makes fresh offer to water players. Selangor has made a new offer to the water concessionaires in another effort to resolve the impasse in the states water-restructuring exercise. The new offer, worth over RM9b, was the third by the state government and the fifth overall. The states previous offers were RM5.7b in early 2009 and RM9.4b made in mid-2009. (Source: The Star)              

Maybank makes RM4.2bn bid for Kim Eng
Maybank roared into 2011 with a whopping RM4.2bn takeover offer for Singapore-listed regional stockbroker Kim Eng Holdings Ltd in a bid to jump-start its investment banking and equities business across the region. Under the deal, Maybank through wholly-owned Aseam Credit SB will acquire a combined 44.6% stake in Kim Eng at SGD3.10 a share from Kim Eng chairman and CEO Ronald Anthony Ooi and Taiwan's Yuanta Securities Asia Financial Services Ltd. The deal would trigger a general offer for the company if it goes through. Maybank plans to acquire the remaining 55.4% shares in Kim Eng and delist the company. (The Sun)

Selangor makes fresh offer to water players
Selangor has made a fresh offer to the water concessionaires in another effort to resolve the impasse in the state’s water-restructuring exercise. Worth over RM9bn, according to Menteri Besar Tan Sri Abdul Khalid Ibrahim in a press briefing yesterday, the offer was the third by the state government. The offer, which was dispatched to the companies yesterday, includes taking over all assets and liabilities of the concessionaires. (StarBiz)

Ramunia eyes Borcos Shipping Ramunia, which is without a core business, is in talks to acquire Syarikat Borcos Shipping SB, sources said. Negotiation is rumored to have commenced, but it is not known how the acquisition will be concluded. (Financial Daily)

TM to complete probe in 1 month
TM is expected to finish its internal investigation on alleged bribes to its employees, a month from the board subcommittee inaugural meeting on 3 Jan. (Financial Daily)

Passenger volume at Malaysian airports to grow by 7%
Transport Minister Datuk Seri Kong Cho Ha expects a conservative 7% growth in passenger arrivals at Malaysian airports this year, riding on the fast growing Asia Pacific region. “We have achieved more than 15% growth in 2010 and are confident of seeing growth this year,” he said. (The Malaysian Reserve)