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Big Bullion, co-founded by Ian Chan and Charmaine Chua, has two key business segments: the sale of gold and silver, and the buying back of jewellery to be refined into investment-grade bars.
These will be sold to Chandra Asri’s wholly owned subsidiary CCHPL Holdings. The deal is expected to generate an estimated gain on disposal of about US$221 million.
But analysts were less sanguine on Propnex and Apac Realty, whose respective project marketing incomes have already taken a hit from a smaller pipeline of new launches.
The benchmark FTSE Bursa Malaysia Kuala Lumpur will be broadened for the first time in 17 years, adding technology, energy and real estate investment trusts into the index.
SINGAPORE’S biggest listed developers rode firm home sales to a strong finish at the end of their first-half season, and analysts stayed positive on City Developments Ltd (CDL) and UOL Group ahead of anticipated catalysts. But their views...
