Ancom has proposed to acquire all assets and liabilities of Nylex for RM179.3mill.
The net purchase consideration shall be satisfied via payment of RM50mil in cash, with the balance RM46.7mil fulfilled through issuance of 31.1 million new Ancom shares at an issue price of RM1.50 per share.
IJM Corp has secured two contracts with a combined value of RM327.6mil. These comprise a RM89.8mil contract to construct the building infrastructure and public realm works in Tun Razak Exchange (TRX), Kuala Lumpur and a RM237.8mil contract for the construction of the Mezzo residential tower in The Light City, Penang.
Lotte Chemical Titan posted its highest-ever quarterly profit after tax at RM441.28mil in its 1QFY21 versus a loss after tax of RM169.5mil a year earlier, as the petrochemical products manufacturer’s revenue rose due to the increase in average product selling price and sales volume.
Bintai Kinden has increased the size of its private placement to partly pay for its acquisition of medical engineering solutions provider Johnson Medical International Sdn Bhd (JMI).
The placement will now comprise 190.95 million shares or 50% of the group's share capital, and seeks to raise RM72.56mil based on an indicative price of 38 sen per share.
MMHE posted a net loss of RM104.35mil for its 1QFY21 versus RM6.13mil net profit a year ago, dragged by operating losses recorded by both its marine and heavy engineering segments.
Pavilion REIT said its net property income fell 9.63% yoy, due to lower occupancy rates in its shopping malls amid the pandemic.
Samchem’s net profit grew by multiple folds to RM18.95mil in its 1QFY21 result from RM4.33mil a year ago, thanks to an increase in sales volume and average selling price.
AMMB said it will be booking a one-off impairment charge of RM1.79bil in its conventional and investment banking businesses for its 4QFY21.
The banking group will also be recording an RM148mil impairment on the carrying investment in an associate (REIT impairment) in its 4QFY21.
With these impairments, combined with its 1MDB settlement with the Ministry of Finance (MoF), it will result in the banking group posting a net loss for its FY21.