KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Public Bank Bhd
’s conditional mandatory takeover offer for the remaining shares of insurer LPI Capital Bhd that it does not own has lapsed, after it failed to secure sufficient acceptances by the close of the offer on Thursday.
Gamuda Land, the property arm of Gamuda Bhd, plans to invest RM7.1bn over the next five years in Vietnam, with a targeted gross development value of RM14.3bn.
Dialog Group Bhd has secured the final investment decision for the field development and abandonment plan under the Baram Junior Cluster Small Field Asset Production Sharing Contract, amounting to US$235mn.
Parkson Holdings Bhd’s unit, Liupanshui Parkson Retail Co Ltd, has signed a 10-year tenancy agreement for its department store operations in the city of Liupanshui, Guizhou province, China.
Yinson Holdings Bhd’s third floating production storage and offloading vessel in Brazil — FPSO Atlanta, which holds a 15-year firm charter with an estimated contract value of US$2bn, has achieved first oil.
Green Packet Bhd’s wholly-owned subsidiary, Packet Interactive Sdn Bhd has secured a digital lending license from the Ministry of Housing and Local Government.
Oil-and-gas services firm T7 Global Bhd said on Thursday it has been awarded a six-month contract with undisclosed value by Hibiscus Petroleum Bhd.
MPHB Capital Bhd’s shares will be suspended, effective Jan 22, to facilitate the company’s selective capital reduction before it is taken private.
Major shareholders of NPC Resources Bhd are currently in exploratory discussions regarding a proposal that could result in the company being taken private at RM2.82 per share.
Target 1 Sdn Bhd, South Malaysia Industries Bhd’s largest shareholder with a 30.7% stake, announced on Thursday that the company’s extraordinary general meeting proceeded as scheduled with the resolutions to appoint six new directors being passed.
