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Texchem group gets another year to comply with Companies Act

KUALA LUMPUR: The Penang High Court has given another one-year extension to Texchem Resources Bhd’s subsidiary Texchem Corp Sdn Bhd (Texcorp) to comply with Section 17 of the Companies Act, 1965 on membership of the holding company.

Support Line

GENTING Malaysia slipped into mild correction mode after setting an all-time high of RM4.70 on April 14. In the short term, prices are expected to stay in consolidation until a clearer picture emerges. A breach of the historical peak would send the bulls into unknown territory. Initial support is pegged at the 50-day simple moving average of RM4.24, followed by the RM4.13 level.

KLCI extends decline on Tenaga and Axiata losses

KUALA LUMPUR: Malaysia’s blue chips extended their losses for the third day early Wednesday with the FBM KLCI shedding more than three points on fund selling of Tenaga Nasional and Axiata.

Texchem Q1 earnings surge to nearly RM5mil

KUALA LUMPUR: Texchem Resources Bhd’s net profit jumped more than five times to RM4.99mil in the first quarter ended March 31, 2015 from RM927,000 a year ago, underpinned by higher profits from industrial, food, restaurant and other divisions.

Texchem may list unit

KUALA LUMPUR: Texchem Resources Bhd, the owner of several Japanese restaurant chains, is mulling a plan to consolidate its food business and list the enlarged division on Bursa Malaysia.

Texchem to invest RM50mil in 200 Yoshinoya and Hanamaru restaurants in Malaysia

GEORGE TOWN: Texchem Resources Bhd (TRB) will invest about RM50mil in 200 Yoshinoya and Hanamaru brand name restaurants in the country over the next five years.

Texchem Resources completes 28% equity disposal in Sushi Kin for RM102.2mil

KUALA LUMPUR: Texchem Resources Bhd has completed its disposal of 28% equity in Sushi Kin Sdn Bhd for RM102.2mil, recognising a gain of RM97.6mil from its original RM4.6mil investment for 28% of the shares bought in December 2003.

Texchem in expansion mode

GEORGE TOWN: Texchem Resources Bhd will spend RM65mil to expand its restaurant, polymer engineering, industrial trading and food business divisions.The RM65mil will be derived from the proceeds of its 28% stake sale in Sushi Kin to Asia Yoshinoya International Sdn Bhd for RM102.2mil, which is a wholly owned subsidiary of Japanese fast-food restaurant giant Yoshinoya Holdings Co Ltd.

Clarification

WITH reference to the article entitled Texchem stake sale unveils value published in StarBizWeek on Jan 24, 2015, the sale of 28% in Sushi Kin Sdn Bhd to Yoshinoya Holdings Co Ltd values Sushi Kin at RM365mil.

Tim Ho Wan: Dim Sum to 'add good luck'

We’re thanking our lucky stars for the opening of Hong Kong’s Michelin-rated dim sum restaurant in Kuala Lumpur.