Atlan Holdings presently holds 70% of APSB and also holds, inter alia, 99.85% of the total outstanding RCSP in APSB. APSB's principal asset is its 32% equity interest in Naluri Corp Bhd.
The proposed acquisition would enable Atlan Holdings to equity account for the entire 32% equity interest in Naluri via APSB.
At present, Atlan Holdings only has an effective equity of 22.4% in Naluri, held through its 70% shareholdings in APSB. – Bernama
Avangarde breached the listing requirements for failing to submit its annual audited accounts for the financial year ended Dec 31, 2004 on or before April 30, 2005. – Bernama
According to the terms of the agreement, Lembaga Tabung Haji has leased the assets back to CPH, a hospital company under the Columbia Pacific Healthcare group, for a period that can extend up to 45 years.
The agreement only covered the land and building of the centre but excluded the hospital’s medical equipment or other business assets.
CPH will continue to retain the hospital operations, including all costs of maintaining the building. – Bernama
IGB Corp Bhd’S wholly-owned subsidiary Intercontinental Aviation Services Sdn Bhd has disposed of its 16.81% equity interest in Lee Hing Development Ltd to Zali Capital Ltd for RM35.62mil.
IGB said in a statement to Bursa Malaysia that its director and/or major shareholder Tan Boon Seng owned Zali Capital.
It said the disposal was in line with its overall objective of disposing all of its non-strategic investments. – AFX-Asia
In reply to a query from Bursa Malaysia regarding a report that the company was planning to set up a plant in Shanghai, the company said it was in preliminary and ongoing negotiations with a particular party in the same business.
“The matter (Shanghai plant), including the terms and conditions of the transaction, have yet to be finalised,” it explained. – AFX-Asia
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