Bursa highlights logo for Star Online (Business).
Bursa highlights on April 12
Berjaya Corp Bhd’s unit Berjaya Group will cease to be a direct shareholder of Berjaya Auto Bhd (BAuto) under a proposed deal which will see it sell its entire 21.88% equity interest in the Mazda car distributor for up to RM526.26mil to a special purpose vehicle controlled by “certain key management” members of BAuto. Read more
Guinness Anchor Bhd’s net profit climbed 28.9% year-on-year for the first full quarter since Heineken NV became its indirect majority shareholder in October last year. Read more
Former Finance Minister Tun Daim Zainuddin’s wife and son have emerged as substantial shareholders in hospitality industry player Reliance Pacific Bhd by virtue of their interests in Ibu Kota Developments Sdn Bhd. Read more
Progressive Impact Corp Bhd (Picorp) and Danga Bay Sdn Bhd have mutually terminated a RM43.6mil contract given to Picorp to design and construct a sewerage treatment plant. Read more
Yong Tai Bhd, a garment maker and property developer that is venturing into the cultural performance business, has appointed Boo Kuang Loon as chief executive office, Zoe Tan Eng Eng as chief operating officer and Datuk Sri Lee Ee Hoe as executive director. Read more
Bursa Malaysia has given Nexgram Holdings Bhd
seven questions to answer within one market day with regards to its proposed disposal of 69.6% in mobile application services firm Godynamic Investments Ltd (GIL). The board replied to two questions. The yet-unanswered questions include on the breakdown of the utilisation of proceeds and on the discrepancies between two public announcements in relation to GIL’s financial year end and revenue.
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