Business Snippets 30/07/09

KL 30/7: Petronas to buy entire stake in petrochemical group, OPTIMAL Group of Companies, for US$600 mln from US firm Dow Chemical Co/BERNAMA

Kota Bahru 30/7: Bernas to buy back part of the 31 pct equity shares in the company owned by Hong Kong firm, Wang Tak Co. Ltd/BERNAMA

KL 30/7: Inland Revenue Board’s gross tax collection as at July 28, was at RM50.712 bln, 1.12 pct higher compared to same period in 2008/BERNAMA

KL 30/7: IOI Corporation’s plan to raise up to RM1.22 bln in a rights issue will not affect its dividend payout/BERNAMA

KL 30/7: Citibank M’sia plans to set up 4 new conventional branches in early 2010. It also intend to apply for an Islamic subsidiary/BERNAMA


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