Bursa highlights logo for Star Online (Business).
Bursa highlights on Dec 16
Berjaya Land Bhd’s indirect subsidiary is selling its under-construction Great Mall Recreation Centre in Hebei Province, China, for 2.08 billion yuan (RM1.39bil) in cash to the controlling shareholder/CEO of Hong Kong-listed SkyOcean International Holdings Ltd. Read more
The managing director and biggest shareholder of oil storage tank maker CN Asia Corp Bhd has proposed an EGM to seek the removal of the company’s current auditors SJ Grant Thornton. The auditors had previously pointed out some conditions that might cast doubt on the group’s ability to continue as a going concern. Read more
JAKS Resources Bhd has announced the Vietnam independent power producer project some seven years ago. Only now is the RM8.07bil project finally entering the execution phase, after receiving the final go-ahead from Vietnamese regulators. Read more
Pos Malaysia Bhd has said yes to DRB-Hicom Bhd, which seeks to sell its entire stake in KL Airport Services Sdn Bhd and a parcel of 9.9-acre freehold industrial land in Shah Alam to the postal services company for a total amount of RM835.16mil. DRB-Hicom -- already Pos’ biggest shareholder, is set to boost its 32.21% stake, as it will be paid with 250.8 million new Pos shares. Read more
Lion Diversified Holdings Bhd’s unit Excel Step Investments Ltd, which recently defaulted on bond redemption payment totalling US$4mil (RM17.25mil), is mulling to revamp the bond programme that will delay its maturity date by two to three years. Read more
SapuraKencana Petroleum Bhd’s unit SapuraKencana TMC Sdn Bhd has managed to secure a six-year multi-currency facility of up to US$2.1bil (RM9.05bil) with a consortium of Malaysian, regional and international banks. Read more
OCK Group Bhd will invest US$75mil (RM323.6mil) to build 920 telecommunications towers in Myanmar next year for Norwegian telecommunications group Telenor under a newly-secured five-year deal comprising up to 3,000 towers. Read more
MMC Corp Bhd, just 6.5% shy of the 90% equity threeshold needed to take Northport operator NCB Holdings private, is making an unconditional takeover offer for all shares it does not own for RM4.40 per share. Read more
Limited time offer:
Just RM5 per month.
