KUALA LUMPUR: Here is a recap of the announcements that made headlines on Bursa Malaysia.
Ge-Shen Corp Bhd
plans to raise up to RM103.76mn via two private placements to fund its acquisition of an additional 40% stake in Local Assembly Sdn Bhd, increasing its ownership to 80%.
Kelington Group Bhd has signed an agreement with Selangor state-linked Worldwide Energy Development, and SKS Coachbuilders to develop a two-megawatt green hydrogen production hub in Selangor.
MSB Global Group Bhd has signed a 10-year exclusive distributorship agreement with China-based Zhejiang GOLD Intelligent Suspension Corp. and will be the sole distributor of Zhejiang GOLD’s shock absorber products in Malaysia, Thailand and Singapore.
Magma Group Bhd and KLCC Holdings Sdn Bhd are selling the 519-room Impiana KLCC hotel for RM315mn to Harum Aspirasi, mostly owned by the Valiram family, which runs a luxury retail group.
UOA Development Bhd said its property investment unit, Distinctive Acres Sdn Bhd, received a notice on Friday for an additional tax assessment and penalty of RM165.66mn.
