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Bursa highlights on April 8
Felda Global Ventures Holdings Bhd’s unit Felda Global Ventures Downstream Sdn Bhd (FGVD) has called off its proposed RM976.25mil acquisition of a 55% stake in China-based edible oil producer Zhong Ling Nutril-Oil Holdings Ltd. The conditions precedent in the agreements, which have not been waived, could not be fulfilled in the time given. Read more
Kenanga Investment Bank Bhd, a unit of K & N Kenanga Holdings Bhd, has entered into a 50:50 joint venture with Tokyo-based online securities brokerage firm Rakuten Securities Inc to provide online brokerage services. Read more
Perak State Development Corp’s subsidiary Perak Corp Bhd has boosted its equity interest in Animation Theme Park Sdn Bhd (ATP) from 49% to 51%, turning the operator of the upcoming RM390mil Movie Animation Park Studio in Ipoh into a subsidiary. Read more
ANZ Banking Group is considering to sell its 24% stake in AMMB Holdings Bhd as Australia’s No.4 bank steps up efforts to exit minority stakes in Asia, a Reuters report says quoting unnamed sources. Read more
Auto distributor Tan Chong Motor Holdings Bhd plans to set up an operation in Hanoi, Vietnam, to make software products as well as to provide information technology solutions and services. Read more
The employment contracts for CLIQ Energy Bhd managing director/chief executive officer Ahmad Ziyad Elias and chief financial officer Kamarul Baharin Albakri, due to expire on Saturday (April 9), have been extended in order to smoothen the process of liquidating the company as well as to comply with the relevant rules and laws. Read more
A unit of Econpile Holdings Bhd has clinched a RM54.5mil contract for substructure works for a commercial development in Section U19, Shah Alam. Read more
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