ENGLOTECHS HOLDINGS BHD has announced the proposed issue of a one for four bonus issue of 13,250,000 new ordinary shares of RM1 each. It also proposed a split of two new ordinary shares of RM0.50 each for every one existing share of RM1 each held in Englotechs. The company also proposed amendments to its memorandum and articles of association. Bursa Malaysia has approved the proposed share split. – Bernama
GLENEALY PLANTATIONS (MALAYA) BHD achieved a lower pre-tax profit of RM15.3mil for the second quarter of its current financial year ending June 30, 2005 compared to RM17.2mil achieved in the same period last year. It recorded a higher revenue of RM30.3mil compared to RM29.4mil in the same period last year. –Bernama
IPOWER BHD recorded a pre-tax profit of RM1.603mil on the back of a RM4.6mil revenue for the second quarter of its current financial year ending June 30, 2005. – Bernama
SAAG CONSOLIDATED (M) BHD has announced the proposed issue of 4.818 million new ordinary shares of RM1 each through a private placement exercise. Proceeds from the placement exercise would enable SAAG to raise RM8.72mil for working capital and defraying expenses incidental of the proposed private placement. – Bernama
MALAYSIA INTERNATIONAL SHIPPING CORP BHD'S wholly owned MISC Integrated Logistics Sdn Bhd (MIL) has signed a joint venture agreement with Keer for Transport Services and Contracts Ltd.
The joint venture is to participate in contracts to provide transportation and distribution management for the United Nations World Food Programme in Sudan.
A joint-venture company will be incorporated in Sudan with MIL and Keer holding 50% equity each. – Bernama
Sapura Industrial Bhd
said that further to the asset sale agreement (ASA), the supplemental agreement to the ASA and the second supplemental agreement to the ASA between its wholly owned subsidiary, Sumimata Sdn Bhd and Schulz (Manufacturing) Sdn Bhd, had been mutually agreed between the parties.
All conditions precedent for the proposed acquisition must be fulfilled or waived as the case may be further extended to March 16. – Bernama
Pharmaniaga Bhd announ-ced its wholly owned subsidiary, Esteem Interpoint Sdn Bhd, has successfully completed the tender offer pursuant to the acquisition of 4,000 Millennium Pharmacon International's TBK (MPI) share at 80 rupiah per share.
Esteem now holds a total of 400.404 million MPI shares representing a 55% equity in MPI.
The acquisition is for a total cash of 28.028 billion rupiah or 70 rupiah per share. – Bernama
It also proposed a split of two new ordinary shares of RM0.50 each for every one existing share of RM1 each held in Englotechs. The company also proposed amendments to its memorandum and articles of association. Bursa Malaysia has approved the proposed share split. – Bernama
