News in Brief

KARENSOFT TECHNOLOGY BHD has proposed a private placement of up to 7.51 million new shares and a 1-for-2 bonus issue of up to 41.33 million shares, a company statement said. The issue price of the placement shares will be determined later, with proceeds to be used for working capital purposes. The placement shares will be entitled to the bonus issue, it said. – AFX-Asia 

EOX GROUP BHD yesterday announced that EOX had completed its proposed disposal of 51% equity interest in Eastern Oxygen Industries Sdn Bhd to BNDM Inc Holdings Sdn Bhd. The disposal was for RM18mil, EOX said in a statement. – Bernama 

AKTIF LIFESTYLE CORP BHD is seeking a two-month extension from the MSEB to obtain the relevant approvals for its proposed disposal of its entire interest in Aktif Lifestyle Stores Sdn Bhd (ALS). 

In statement, it said Hwang-DBS Securities Bhd had submitted the application on its behalf.  

Aktif has proposed to sell its interest in ALS to CP Properties Sdn Bhd, a unit of Lion Diversified Holdings Bhd, for RM1 cash. –Bernama 

TA ENTERPRISE BHD said its wholly-owned unit TA Properties Sdn Bhd (TAP) has signed a joint venture agreement with Beringin Terrace Sdn Bhd to develop some 12,873 square meters of land in Kuala Lumpur. 

TAP, the owner of the land, situated in the suburb of Damansara Heights, and Beringin Terrace, will be the contractor-cum-developer. 

The land is valued at RM20mil, while the projected gross revenue of the project is estimated at RM56.28mil, and the development cost, inclusive of land cost, at RM49.57mil. 

TAP will be entitled to 35% of the net profit after deducting the land cost, or some RM2.35mil. – AFX-Asia 

EPE POWER CORP BHD said its renounceable rights issue of up to 60.35 million shares, at a price of RM1 on a 1-for-1 basis, has been 22.25% oversubscribed. 

In a statement, the company said that at the close of acceptance and payment for the rights issue on April 5, it had received applications for a total of 73.78 million shares, resulting in an over-subscription of 13.43 million shares. 

The company manufactures switchgears and transformers. – AFX-Asia 

Cahya Mata Sarawak Bhd has signed a memorandum of understanding with Premier Capital Venture Corp to consider the possibility of forming a cement joint venture. 

The MoU will look into merging the operations of CMS Cement Sdn Bhd, a wholly-owned unit of Cahya Mata, and Sarawak Clinker Sdn Bhd to establish the former as a joint venture company between Cahya Mata and Premier Capital. Sarawak Clinker will be a wholly-owned unit of CMS Cement. – AFX-Asia 

Ireka Corp Bhd

said it has priced the 4th tranche of its private placement shares at RM1.23 each, which represents a 8.9% discount over its 5-day average of RM1.35 from March 29 to April 2. 

The company said in a statement that it had proposed a private placement of up to 12.94 million new shares. – AFX-Asia 

PERNAS INTERNATIONAL HOLDINGS BHD has received approval from the Securities Commission for its various proposed corporate exercises. 

The commission approved the company's acquisitions of Ambang Budi Sdn Bhd for RM149.21mil and 704 acres in Tebrau, Johor, for RM210mil. 

The SC also gave the green light to Ireka's purchase of 2,055.79 acres in Sedili Kechil, Kota Tinggi, for RM105mil. – AFX-Asia  

 

EOX GROUP BHD yesterday announced that EOX had completed its proposed disposal of 51% equity interest in Eastern Oxygen Industries Sdn Bhd to BNDM Inc Holdings Sdn Bhd. The disposal was for RM18mil, EOX said in a statement. – Bernama 

AKTIF LIFESTYLE CORP BHD is seeking a two-month extension from the MSEB to obtain the relevant approvals for its proposed disposal of its entire interest in Aktif Lifestyle Stores Sdn Bhd (ALS). 

In statement, it said Hwang-DBS Securities Bhd had submitted the application on its behalf.  

Aktif has proposed to sell its interest in ALS to CP Properties Sdn Bhd, a unit of Lion Diversified Holdings Bhd, for RM1 cash. –Bernama 

TA ENTERPRISE BHD said its wholly-owned unit TA Properties Sdn Bhd (TAP) has signed a joint venture agreement with Beringin Terrace Sdn Bhd to develop some 12,873 square meters of land in Kuala Lumpur. 

TAP, the owner of the land, situated in the suburb of Damansara Heights, and Beringin Terrace, will be the contractor-cum-developer. 

The land is valued at RM20mil, while the projected gross revenue of the project is estimated at RM56.28mil, and the development cost, inclusive of land cost, at RM49.57mil. 

TAP will be entitled to 35% of the net profit after deducting the land cost, or some RM2.35mil. – AFX-Asia 

EPE POWER CORP BHD said its renounceable rights issue of up to 60.35 million shares, at a price of RM1 on a 1-for-1 basis, has been 22.25% oversubscribed. 

In a statement, the company said that at the close of acceptance and payment for the rights issue on April 5, it had received applications for a total of 73.78 million shares, resulting in an over-subscription of 13.43 million shares. 

The company manufactures switchgears and transformers. – AFX-Asia 

CAHYA MATA SARAWAK BHD has signed a memorandum of understanding with Premier Capital Venture Corp to consider the possibility of forming a cement joint venture. 

The MoU will look into merging the operations of CMS Cement Sdn Bhd, a wholly-owned unit of Cahya Mata, and Sarawak Clinker Sdn Bhd to establish the former as a joint venture company between Cahya Mata and Premier Capital. Sarawak Clinker will be a wholly-owned unit of CMS Cement. – AFX-Asia 

IREKA CORP BHD

said it has priced the 4th tranche of its private placement shares at RM1.23 each, which represents a 8.9% discount over its 5-day average of RM1.35 from March 29 to April 2. 

The company said in a statement that it had proposed a private placement of up to 12.94 million new shares. – AFX-Asia 

PERNAS INTERNATIONAL HOLDINGS BHD has received approval from the Securities Commission for its various proposed corporate exercises. 

The commission approved the company's acquisitions of Ambang Budi Sdn Bhd for RM149.21mil and 704 acres in Tebrau, Johor, for RM210mil. 

The SC also gave the green light to Ireka's purchase of 2,055.79 acres in Sedili Kechil, Kota Tinggi, for RM105mil. – AFX-Asia