PLUS Expressways Bhd. , Malaysia’s biggest toll-road operator, rose to a record in Kuala Lumpur stock trading after Jelas Ulung Sdn. offered 26 billion ringgit ($8.3 billion) for the company, topping a rival bid.
Tenaga Nasional Bhd. , Malaysia’s state-controlled generator, will bid for a 7 billion-ringgit ($2.1 billion) government project to upgrade power plants as the economic recovery boosts electricity demand.
Malaysia’s benchmark Kuala Lumpur Composite Index gained 3.31, or 0.3 percent, to 1,026.78 at the close of trading, rounding a 3.6 percent gain this week. It’s the measure’s biggest weekly advance since April 10. The index climbed to its highest close since Sept. 24.
CVC Capital Partners Ltd. teamed up with Johor Corp. to bid at least $1.6 billion for KFC Holdings (Malaysia) Bhd. and parent QSR Brands Bhd., to gain control of more than 900 fast-food outlets including KFC and Pizza Hut in Southeast Asia and India.
AirAsia Bhd. (AIRA MK), Southeast Asia’s biggest discount airline, is in talks to buy about 175 of Airbus SAS’s upgraded A320 jet as it adds short-haul flights within the region, Chief Executive Officer Tony Fernandes said in an interview.
Sunway Real Estate Investment Trust , controlled by Malaysian property tycoon Jeffrey Cheah , is raising about 1.5 billion ringgit ($460 million) in Southeast Asia’s biggest initial public offering this year.