Malaysia ex-finance minister Lim Guan Eng arrested on corruption charges regarding Penang undersea tunnel project

Malaysia’s former finance minister Lim Guan Eng was arrested on Thursday in connection with corruption allegations over a $2.05 billion undersea tunnel project

Company in the news


SINGAPORE (June 17): “We remain firmly committed to our growing traditional meat business and expect to be a market leader in alternative protein.” — Noel White, CEO of Tyson, a leading producer of meat.


Malaysia theme park operator seeks Singapore listing to fund Shandong attraction

(Oct 10): Sim Leisure is planning a Singapore initial public offering of its Malaysian theme park business, which offers water slides, dunk tanks and tree swings at its Penang location.

Broker's Calls

Aspen started at ‘buy’ as a Penang transformation play

SINGAPORE (Oct 20): RHB is initiating coverage on Aspen (Group) Holdings, the Penang-based property developer, at “buy” with a target price of 31 cents based on a 45% discount to a RNAV estimation of RM1.5 billion ($480 million).

Broker's Calls

Aspen started at 'add' on good margins and strong earnings growth

SINGAPORE (Sept 29): CIMB is initiating Aspen Group Holdings, the Penang-based property developer, with an “add” rating and a target price of 29 cents.

Broker's Calls

Development of eco-city in Penang to benefit Aspen

SINGAPORE (Sept 19): OCBC likes developer Aspen for its ongoing property projects which are expected to contribute to an improvement of its development income.


Perennial and IJM unveil $1.5 bil integrated waterfront development in Penang

SINGAPORE (May 9): IJM Perennial Development, a joint venture between IJM Corporation and Perennial Real Estate Holdings officially unveiled The Light City, an integrated mixed-use waterfront development located in Gelugor on the eastern coast of Penang,