(CMSB) has agreed to acquire 6.35 million shares for RM18.09mil and subscribe to 1.6 million new shares for RM4.56mil in I-Systems Group Bhd (ISG) to hold a 50.96% stake in the enlarged capital of the company. In a statement to Bursa Malaysia, CMSB said it would buy the shares from IT Hub Sdn Bhd, MSC Venture One Sdn Bhd, MSC Venture Corp Sdn Bhd and Jernih Kaya Sdn Bhd at RM2.85 a share.
CMSB added that the acquisition would enable it to enhance its information technology capabilities by leveraging ISG’s capability to develop, market and cross-sell new products on its broad platform of diverse businesses and extensive market reach. – AFX-Asia
The stock exchange said the trading restriction had been imposed on KP Keningau, which had been classified as financially troubled or in the Practice Note 4 category, for its failure to comply with the original timeframe stipulated for it to regularise its financial condition. – AFX-Asia
The company said in a statement yesterday Commerce International Merchant Bankers Bhd (CIMB) and Goldman Sachs (S) Pte would be the joint global co-ordinators and joint book-runners for the proposed initial public offering. DBS Bank Ltd and Mayban Securities Sdn Bhd had also been appointed joint book-runners.
In a statement, the company said daily flights for this new service would begin simultaneously out of two points in Malaysia – the KL International Airport and Kota Kinabalu International Airport in Sabah. – AFX-Asia
In a statement to Bursa Malaysia, CMSB said it would buy the shares from IT Hub Sdn Bhd, MSC Venture One Sdn Bhd, MSC Venture Corp Sdn Bhd and Jernih Kaya Sdn Bhd at RM2.85 a share.
Limited time offer:
Just RM5 per month.
