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Business News

Shareholders give green light for IPO of Matang Bhd

JOHOR BARU: Matang Holdings Bhd (MHB) shareholders had unanimously agreed to the proposed initial public offering (IPO) of Matang Bhd (Matang) in a court convened meeting and EGM held here.


Firms to build China's international online trade and traceability ecosystem

KUCHING: Smartag Solutions Bhd is teaming up with Ningxia Salimy Muslim Commodity Trading Co Ltd (Salimy) to develop China’s international online trade and traceability ecosystem.


HK-based firm acquired for China expansion plans

KUCHING: Smartag Solutions Bhd has acquired a Hong Kong-based company as a springboard to expand the group’s business to China.


95% of Instacom’s revenue from civil, mechanical and electrical segment

KUCHING: Instacom Group Bhd’s first three quarters profit for the financial year ending Dec 31, 2013 has exceeded the RM15mil guaranteed by the vendors in the reverse takeover of the ACE Market listed I-Power Bhd last year.


Instacom sees volatile trading

KUCHING: Instacom Group Bhd has seen volatile trading as its share price lost some 30%, wiping out its market capitalisation by about RM70mil in 10 trading days.


Instacom CEO sells 42 million company warrants for more than RM7.2mil

KUCHING: Instacom Group Bhd chief executive officer Anne Kung Soo Ching has sold 42 million company warrants, which were given free, for more than RM7.2mil.


Instacom to seek shareholder approval regarding appointment of new auditor

KUCHING: Instacom Group Bhd is seeking shareholder approval for the appointment of a new auditor at an extraordinary general meeting (EGM) on Nov 1.


Major shareholder cuts stake in Instacom

KUCHING: Instacom Group Bhd’s substantial shareholder Ngu Sing Hieng has cut his stake in the company by more than 30% in less than a month.


Executive director ups stake in CCK to 9%

KUCHING: CCK Consolidated Holdings Bhd executive director Lau Liong Kii has raised his stake in the company to 9.03% following several share acquisitions in the open market.