Earlier, EON said it plans to distribute up to 347.27 million EON Capital shares or a 50.1% stake via payment of dividend in specie, bonus issue and capital repayment. This includes a proposed payment of dividend in specie of up to 175.51 million EON Capital shares or 25.32% stake to its shareholders. – AFX-Asia
All Asia Network plc Haji Affendi Tun Haji Mohd Fuad Stephens, has sold 5,000 shares of 10 pence each, representing a stake of 0.0003% in Astro. Immediately prior to the disposal, he had direct beneficial interest in 225,000 Astro shares and deemed interest in 177,446,535 shares, representing 0.012% and 9.25% of the total issued capital of the company respectively. In a statement to Bursa Malaysia yesterday, Astro said the disposal resulted in a decrease in Affendi's direct beneficial stake to 220,000 shares, representing 0.011% of the issued share capital of the company.
Revenue for the period declined to RM42.47mil from RM81.04mil. – Bernama
, SysWin Companies and Chen Liangshen have mutually agreed to terminate a joint-venture agreement entered into by the parties on Feb 2, 2004. – Bernama has proposed to undertake a private placement of new RM1 ordinary shares, representing 10% of its issued and paid-up capital, to raise gross proceeds of about RM4.89mil to RM5.32mil. The company said the private placement was viewed as the most appropriate means to finance Yong Tai and its subsidiaries’ immediate working capital requirements. – Bernama
said its first quarter to March 2004 net profit rose 21% to RM6.68mil from RM5.51mil in the same quarter a year ago, mainly due to a better product mix. Sales for the first quarter dropped 4% to RM76.10mil from RM79.47mil, while pre-tax profit increased 25.6% to RM7.35mil from RM5.85mil.
Globetronics said the first quarter turnover fell 16% quarter-on-quarter, while net profit declined 29% quarter-on-quarter as a result of seasonally-lower volume loadings from the group’s key customers during the first quarter. – AFX-Asia
Utama said in a statement that information on the agreed terms would be announced at the appropriate time upon signing of the share sale agreement. – AFX-Asia
, which supplies electronic scoreboards and intelligent transport systems for highways, said the Securities Commission (SC) had approved its one-into-two share split. The company said in a statement the SC approval was subjected to the company being granted an extension up to Aug 15 to complete the exercise. – AFX-Asia
said it would close on May 3 and 4 in conjunction with Prophet Muhammad's birthday and Wesak Day. The exchange said in a statement it would reopen on May 5. – AFX-Asia has recorded a pre-tax profit of RM27.32mil for the first half ended Feb 29, up from RM23.82mil in the same period a year ago. The company said its revenue came in at RM45.65mil for the first two quarters, compared with RM42.56mil previously. – Bernama
Earlier, EON said it plans to distribute up to 347.27 million EON Capital shares or a 50.1% stake via payment of dividend in specie, bonus issue and capital repayment. This includes a proposed payment of dividend in specie of up to 175.51 million EON Capital shares or 25.32% stake to its shareholders. – AFX-Asia
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