KUALA LUMPUR: Companies that recently made headlines include MAHB, Kuchai, Sungei Bagan, Harn Len, Nintai Kinden, BHIC, Maxis, Berjaya and Kanger, said Apex Securities Research.
Malaysia Airports Holdings Bhd
(MAHB) is said to be mulling over hiring an IJM Corp Bhd-led consortium to carry on with the aerotrain replacement project that was halted in August, according to sources familiar with the matter.
Kuchai Development Bhd is injecting RM275.47 million worth of assets and liabilities into Sungei Bagan Rubber Co (M) Bhd in a share deal, as part of efforts to consolidate the assets of two sister companies linked to Kluang Rubber Company (M) Bhd (KRCB).
Harn Len Corp Bhd has proposed to acquire an aquaculture outfit which owns 30 ponds on a 300-acre piece of land in Pekan, Pahang from its substantial shareholder, Mohamed Nizam Jakel, through a RM42.5 million share deal.
Bintai Kinden Corp Bhd has secured an agreement to settle RM3 million of debt with MBSB Bank Bhd, which will see the bank withdraw a legal suit arising from Bintai Kinden’s default in March this year.
Boustead Heavy Industries Corp Bhd (BHIC) has received the nod from shareholders to proceed with a debt settlement proposal with three lenders and its 64.99% parent Boustead Holdings Bhd (BHB) totalling RM417 million.
Maxis Bhd announced that its unit will make a final settlement of RM73 million in relation to additional assessments with penalties imposed by the Inland Revenue Board, two years after it was given the assessments for the 2016-2020 period of RM477 million.
Berjaya Corp Bhd (BCorp) is seeking an extension of the deadline to complete the transfer of its shares in its waste management unit, Berjaya Enviro Holdings Sdn Bhd (BEnviro), to Naza Corp Holdings Bhd.
Kanger International Bhd intends to undertake a private placement of up to 129.97 million shares, or 20% of its issued share capital, to raise gross proceeds of up to RM10.46 million in the maximum scenario, based on an illustrative issue price of 5.8 sen per share.
