KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
CIMB Group Holdings Bhd
said its investment banking arm, CIMB Investment Bank Bhd, along with 11 other parties, has been served with a RM1.38bn lawsuit by sukuk holders of MEX II Sdn Bhd.
Sunway Bhd said it has acquired three parcels of land in Selangor and Penang for a total consideration of RM179.8mn to strengthen its presence in key urban growth corridors.
Glomac Bhd said its subsidiary, Glomac Al Batha Sdn Bhd, is disposing of two parcels of leasehold land in Puchong, Selangor, to Sunway Kiara Sdn Bhd for RM97.3mn.
Apex Healthcare Bhd is set to be delisted and trading in its shares suspended from Jan 13 following the successful completion of a voluntary takeover offer by Pharmora Investment Holdings Pte Ltd.
Ingenieur Gudang Bhd said it is disposing of a 1.9-acre industrial land with a factory and office building in Nilai, Negeri Sembilan, for RM22.0mn in cash to Baba Products (M) Sdn Bhd.
Infoline Tec Group Bhd said it has accepted a letter of award from Niaga Sari Sdn Bhd for a nominated subcontract involving the supply, delivery, installation, testing and commissioning of electrical works for a 30-storey serviced apartment development in Terengganu valued at RM9.7mn.
MMAG Holdings Bhd said its largest shareholder, Datuk Seri Farhash Wafa Salvador Rizal Mubarak, has disposed of his entire 19.9% stake in the company for a total consideration of RM87.3mn and stepped down as chairman.
MSB Global Group Bhd said its wholly owned subsidiary, MSB Machinery Corporation (Malaysia) Sdn Bhd, has entered into a joint venture agreement with Thai Sin Anant Rubber Factory (2516) Co Ltd to establish a joint venture company in Thailand as part of its regional expansion plans.
Pan Malaysia Corp Bhd said it is exiting its investment in a confectionery business and will dispose of all related trademarks, including chocolate brands such as Crispy and Tango.
Zetrix AI Bhd said its blockchain-based age verification solution has been endorsed by Mimos Bhd’s My Blockchain Infrastructure, enabling age verification without repeated collection of users’ personal identification data.
Saliran Group Bhd said its managing director, Liaw Choon Wei, has been redesignated as executive chairman.
Guan Huat Seng Holdings Bhd said it is seeking to raise RM30.0mn at an issue price of 25.0 sen per share, implying a post-listing market capitalisation of about RM118.0mn under its proposed ACE Market listing.
