Malaysian opposition leader Anwar Ibrahim, who was jailed for corruption and sodomy, predicted a smooth transition when his coalition ousts the government that has ruled Malaysia for 55 years in elections that may be held within weeks.
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.
Khazanah Nasional Bhd., Malaysia’s state investment company, may raise as much as S$500 million ($354 million) from the biggest sale of Islamic bonds, or sukuk, denominated in neighboring Singapore’s currency.
Malaysian construction stocks are trailing regional peers by the most since 2007, a buy signal to CLSA Ltd. and Manulife Asset Management as the government’s $16 billion building plan sends profit estimates to a record.
Malaysian opposition leader Anwar Ibrahim said his People’s Alliance coalition has a contingency plan in place in the event he is found guilty of sodomy charges and imprisoned ahead of elections that may come this year.
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.