News in brief

  • Business
  • Wednesday, 14 Jul 2004

Public Bank Bhd (PBB) has announced that 38.13% of its issued shares are held by foreigners.  

As this percentage exceeded PBB's maximum foreign shareholding of 30%, 8.13% of the issue shares held by foreigners would be entitled to the rights and entitlements attached to the shares except for voting rights. – Bernama 

·Trading in UNIMECH GROUP BHD’s shares will be suspended from July 21 until further notice to facilitate the company’s one-into-two share split, a Bursa Malaysia circular said. 

Unimech specialises in manufacturing, engineering and trading of valves, pipe fittings and rubber expansion joints. – AFX-Asia 

NYLEX (MALAYSIA) BHD’s additional 64.43 million shares arising from its acquisition exercise will be listed on the stock exchange today, a listing circular said.  

The shares have a par value of RM1 each. 

Nylex had earlier purchased four industrial chemical companies, namely Perusahaan Kimia Gemilang Sdn Bhd, Fermpro Sdn Bhd, Kumpulan Kesuma Sdn Bhd and Wedon Sdn Bhd for RM64.43mil, paid for through the issue of 64.43 million new shares at an issue price of RM1 per share. – AFX-Asia 

Trading in gold and jewellery firm Degem Bhd shares will be suspended on Bursa Malaysia July 22 to facilitate its one-into-two share split, the exchange said in a circular. – AFX-Asia 

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