The minority shareholders of Lafarge Malaysia voted down a resolution that would have mandated the company to undertake recurrent related party transactions (RPTs) worth an aggregate RM3.51bil with its new controlling shareholder YTL Cement Bhd and its subsidiaries.
Karambunai’s largest shareholder Tan Sri Dr Chen Lip Keong, who holds a 73.41% stake in the company, intends to take Karambunai private at 11 sen per share and 3 sen per warrant.
UEM Sunrise clarified that the board of directors had not made nor received any corporate proposal from any party for its consideration.
This was following a news report that it may acquire Eco World Development in a share swap deal.
Bertam Alliance has entered into a memorandum of understanding with Chinese national Liu Sheng Hui to negotiate in good faith, with a view of entering into a definitive collaboration and/or joint venture agreement for Liu to participate in its proposed regularisation plan, which could lift the group out of PN17 status.
Pestech International, via its wholly-owned subsidiary Pestech Power Sdn Bhd, has signed a memorandum of understanding with TASCO Cu Chi Environmental Ltd, is exploring the possibility of participating in waste-to-energy (WTE) development projects in Cu Chi, Vietnam.
Meanwhile, US markets ended flat as decline in Europe's manufacturing data raised concerns of an economic slowdown.
Earlier, European stocks tumbled after Germany's manufacturing data fell to its lowest in over 10 years.
“Following the lackluster performances in the US and Europe, the FBM KLCI could be negative today and retest its support of 1,590 points, ” JF Apex said.