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KUALA LUMPUR: The Singapore Exchange Securities Trading Ltd, has granted a further extension to Texchem Resources Bhd (TRB), the majority shareholder of Texchem-Pack Holdings (S) Ltd (TXPH), to make a reasonable exit offer to the latter's shareholders.
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.
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.
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.