KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Lagenda Properties Bhd
's subsidiary Lagenda Capital Bhd has lodged with the Securities Commission Malaysia for the establishment of a RM1.5bn Islamic medium term notes (sukuk wakalah) programme under the shariah principle of wakalah bi al-istithmar.
YNH Property Bhd's wholly-owned subsidiary YNH Construction Sdn Bhd has received approval from the Inland Revenue Board of Malaysia for a revised settlement arrangement relating to a winding-up petition previously filed against the unit.
Cyberjaya Education Group Bhd has announced a plan to execute a capital reduction of RM235.0mn to wipe out accumulated losses no longer supported by available assets, thereby providing a more accurate valuation of its holdings.
Proton Holdings Bhd has expanded its network with the opening of 10 new Proton and Proton e.MAS outlets within 10 days, comprising four Proton outlets and six e.MAS outlets across the country.
CIMB Group Holdings Bhd served as the sole Malaysian joint lead manager and joint bookrunner for the government's US$1.5bn global sukuk issuance, alongside HSBC, JP Morgan and Standard Chartered.
PRG Holdings Bhd’s largest shareholder Datuk Ng Yan Cheng has initiated winding-up proceedings against the company after both parties failed to reach an agreement to restructure a RM21.2mn loan provided by him as working capital.
Bursa Malaysia Securities Bhd has publicly reprimanded Meridian Bhd and its executive director Tang Boon Koon for breaching the Main Market Listing Requirements, with Tang also fined RM8,500.
Destini Bhd has received a requisition notice from four shareholders collectively holding a 10.2% stake, seeking an extraordinary general meeting to remove some existing company directors and appoint new ones.
Unisem (M) Bhd has appointed Lee Jee Kheong as its new chief operating officer, overseeing all Unisem Malaysia Operations including Unisem Advanced Technologies Sdn Bhd, effective August 1.
Khazanah Nasional Bhd sold 100.0mn Tenaga Nasional Bhd shares at RM13.9 apiece, representing a 4.5% discount to the closing price of RM14.6, raising RM1.4bn in total. Settlement is set for Friday.
