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KUALA LUMPUR: Key Asian markets were mixed on Friday, the last trading day for the first quarter, while at Bursa Malaysia profit taking on telcos, Genting Bhd weighed on the FBM KLCI.
KUALA LUMPUR: Blue chips continued their advance at midday on Monday on fund buying of Maybank, Tenaga Nasional and Public Bank as investor sentiment was shored up by the stronger ringgit despite the weakening crude oil prices.
SHAH ALAM: Pelikan International Corp Bhd shareholders have given the greenlight to the company’s proposal to streamline its assets and unlock the value for 231.2 million euros (RM971mil), which will see its cash per share increase from 22 sen to RM1.00 upon completion.
PETALING JAYA: Pelikan International Corp Bhd is transferring RM1.05bil worth of assets worldwide to its 71.32%-owned Germany-listed subsidiary Herlitz AG at a discount, as the struggling stationery maker seeks to boost current stock valuations and raise fresh funding for future growth.
PETALING JAYA: Caprice Capital International Ltd, the investment vehicle of savvy investor Paul Poh, has emerged as a substantial shareholder in Pelikan International Corp Bhd after buying 28.4 million shares amounting to a 5.18% stake.
PETALING JAYA: Caprice Capital International Ltd, helmed by savvy investor Paul Poh, is the buyer of a block of 25 million shares in Pelikan International Corp Bhd that was transacted in an off-market trade yesterday, sources said.
PETALING JAYA: Shares of Pelikan International Corp Bhd fell 16 sen, or 11.6%, yesterday after the stationery manufacturer announced plans to inject its key units and selected assets into its listed subsidiary in Germany and launch a series of corporate exercises to raise RM491.3mil.
AN INDEPENDENT committee has been set up to answer public enquiries on the proposed elevated interchange that will link Seri Kembangan with the Maju Expressway (MEX).