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Faber: It would continue to offer support services to government hospitals under a six month interim six extension. This follows the expiry of the company's 15 year concession today. The six months extension is subject to prevailing terms and conditions commencing today or until the signing of a new concession agreement for the privatization of HSS with the health ministry, whichever is earlier. The six months interim extension is not to be considered as binding on the government of Malaysia. A further announcement will be made concerning the privatization of HSS on conclusion of negotiations.

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London Biscuits/Khee San: The catalysts for Khee San appear to be two unrelated events that market observers speculate could herald some developments for the low profile firm, including the possibility of its controlling shareholder London Biscuits raising its stake in the Khee San. Earlier Oct 2011, London Biscuits sold a 33.65% stake in TPC to Huat Lai Resources and PNB ceased to be a substantial shareholder of Khee San. Now with PNB out of the picture, London B remains Khee San's singlae largest shareholder with its 32.87% stake.

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Investors will be now watching London Biscuits' next move on Khee San. London Biscuits had earlier said that it had no intention to selling Khee San. Market observers said that London Biscuits could make an offer for the remaining 40.24 million shares or 67.08% stake it does not own in Khee San for a total of rm18.1 million. Minus an amount of rm12.82 million that London Biscuits owes to Khee San, the net outlay could be just rm5 million. Khee San's net assets per share stood at rm1.27 as at FY2011.

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Khee San has borrowings of rm36.89 million and cash of rm2.22 million. Its net debt of rm34.67 million translates into a net gearing of 45.4%. There is a sum of rm12.82 million due from London Biscuits which after repayment would pare Khee San's net debt to rm21.85 million and net gearing of 28.6%.

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CIH expects to conclude the disposal of its beverage subsidiary Permanis Sdn Bhd (Permanis) to Japan's Asahi Group Holdings Ltd (Asahi) within one or two weeks and expects to pay a minimum of RM4 per share in the form of special dividend to its shareholders. CIH was looking to acquire a company with potential but weak management. It distribute a minimum of RM4 to shareholders back so that will leave about RM200 million over. If it cannot find anything concrete in the future, we may distribute back to shareholders in the form of capital repayment or special dividend. On July 21, CIH signed an agreement with Asahi for the disposal of Permanis for an acquisition price of RM820 million in cash, representing 70 million shares.

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DBhd's board hasn't considered a proposal for the "potential injection" of assets into the company by its parent.