Ayala Land MGO is unlikely, says MCT

SHAH ALAM (Dec 21): MCT Bhd has dismissed the concerns of certain factions about a possible mandatory takeover by its single largest shareholder Ayala Land Inc after the latter raised its stake in the company to 32.

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Country Heights makes changes at its hotels

Country Heights Holdings Bhd (CHHB), which has been reporting net losses for the past three financial quarters, is making an effort to revive its two hospitality assets — Palace of the Golden Horses (POGH) and Mines Wellness Hotel — in an attempt to improve its earnings prospects amid rising competition and dwindling tourist arrival numbers.

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