This, however, is subject to adjustment to be made to the purchase consideration as stipulated in the agreement for the said transaction, according to a Cycle & Carriage Bintang statement yesterday.
The purchase consideration was arrived at after taking into account the net tangible assets of Cycle & Carriage (M) of RM43.2mil, and will be financed with internal funds. – Bernama
(MAHB) said it has completed the sale of the business and assets of Sultan Ismail Airport at Senai in Johor to Senai Airport Terminal Services Sdn Bhd (SATS) for RM80mil cash. Earlier, MAHB had said it would use the proceeds for working capital requirements and other airport related investments.
SATS, which is believed to be under the control of businessman Tan Sri Syed Mokhtar Albukhary, plans to develop the airport into a southern air cargo hub. – AFX
Crest Petroleum is making a renounceable rights issue of 100 million new shares on the basis of about 5.28 shares for every four shares held together with 50 million new free detachable warrants, on the basis of one warrant for every two rights shares subscribed to.
In a statement, Crest Petroleum said the RM1.50 rights share issue price represented a discount of 78.6% on its theoretical ex-rights price of RM7.02. – AFX
In a statement, the exchange said the sale involved a 100% stake in MSRS for RM6mil cash and that the deal was subject to the approval of the Foreign Investment Committee. – AFX
All other sinking fund deposit requirements are unchanged.
The company and the trustee will enter into further supplemental trust deed to effect the above rescheduling. – Bernama
unit GHL Transact Sdn Bhd has entered into a VeriFone International Partner Agreement (VIP Agreement), with VeriFone North Asia Ltd of Hong Kong on Nov 1. The VIP agreement gives GHL Transact the rights to distribute or promote VeriFone hardware products, such as terminals, pin-pads and printers, in Malaysia.
VeriFone Inc, the parent of VeriFone North Asia, is a leading player in secure electronic payment technologies and provides expertise, solutions and services with smart migration strategy.
The two-year agreement is expected to contribute positively to the group's earnings for financial year ending Dec 2004. – Bernama
This, however, is subject to adjustment to be made to the purchase consideration as stipulated in the agreement for the said transaction, according to a Cycle & Carriage Bintang statement yesterday.
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