MYEG has proposed to buy a 10% stake in S5 Holdings Inc, a company that provides integrated security IT solutions to governments, for RM86.5mil.
FGV Holdings has announced that it is ending a two-year memorandum of understanding with Johor Port Bhd, which is controlled by Tan Sri Syed Mokhtar Al-Bukhary, for the purpose of exploring holding an equity of up to 25% in Fauji Akbar Portia Marine Terminals Ltd in Pakistan.
The plantation group said the MoU, which will expire on Jan 2, 2022, will not be renewed.
ATA IMS, which is embroiled in allegations of forced labour, said Datuk Balachandran Govindasamy has resigned as the group’s chief operating officer effective Dec 31.
He resigned “due to health issue”, according to the Johor-based electronic manufacturing services provider.
MUI has said that its British unit is disposing of a land, together with a 111-room hotel in Shirley, West Midlands for £6.5mil (RM36.22mil).
The Regency Hotel Hospitality Ltd, its wholly-owned indirect subsidiary, is selling the property to Westbourne Leisure Ltd.
MUI said proceeds from the disposal will enable the group to strengthen its cash flow, and will provide additional funds for its capital and operating expenditure, as well as working capital.
Boardroom tussle intensifies at SC Estate Builder as eight directors "reappointed" to the board after being voted out on Dec 31.
Meanwhile, JF Apex expects the FBM KLCI to see proit-taking and retrace towards 1,550 following the 23.92-point surge in the previous session on last-minute window-dressing.
The US market was seen declining slightly on Friday with the S&P500 coming off its record high while European stocks dropped amid the spreading Omicron variant.