KUALA LUMPUR (March 2): SILVER BIRD GROUP BHD [] could continue to be in focus with the latest move by RAM Rating Services Bhd to downgrade the outlook for its debt notes.

The ratings agency placed the group on Rating Watch, with a negative outlook. It also lowered the respective long- and short-term ratings of the group’s RM30 million Commercial Papers/Medium-Term Notes Programme (2005/2012) (CP/MTN), from A2 (negative outlook) and P2 to C3 and NP.

Perwaja’s 280 million warrants will be listed and quoted on Friday. The warrants were issued on the basis of one free warrant for every two shares held as at Feb 24. The tenure of the warrants is 10 years and the strike price is RM1.

CIMB Group moved a closer to the proposed acquisition of certain assets of The Royal Bank of Scotland in Asia Pacific. The assets are cash equities, equity capital markets and corporate finance businesses.

KUMPULAN JETSON BHD []’s unit has secured a RM14.98 million contract from the Shah Alam City Council to undertake renovation for the Wisma MBSA.

TENAGA NASIONAL BHD [] withdrew its suit against INTEGRAX BHD [] and seven other defendants with no order as to costs for Integrax. Integrax said following the withdrawal of the suit, all past disagreements between the company’s major shareholders have been fully settled.

Malaysian Building Society Bhd (MBSB) targets gross loan growth of 20% this year, according to its chief executive officer Datuk Ahmad Zaini Othman. MBSB's gross loans in the personal financing sector totalled RM7 billion and they were expected to increase to RM9 billion this year.