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Business 02 Jan 2003 | 12:00 AM

Some PN4 firms submit last-minute proposals

SOME of the 24 specified Practice Note 4 (PN4) companies that could be on the way to delisting on the KLSE have made last minute attempts to avoid that fate by either coming out with fresh new corporate proposals or just submitting their schemes to the Securities Commission (SC) on the eve of the new year.

Business 02 Jan 2003 | 12:00 AM

Mentiga buying estate in Rompin for RM95mil

MENTIGA Corp Bhd is acquiring an oil palm estate in Rompin, Pahang, from the board of trustees of Yayasan Pahang for RM95mil.

Nation 06 Jan 2003 | 12:00 AM

KLSE starts de-listing procedures on 16 companies

The Kuala Lumpur Stock Exchange (KLSE) has commenced de-listing procedures on 16 Specified PN4 (Practice Note) Companies.

Business 11 Jan 2003 | 12:00 AM

Urgent remedy for Actacorp

The recent restructuring scheme is expected to bear fruit as the new company would have a steady flow of income from PSC Asset Holdings' 21-storey, Menara PSCI in Penang.

Business 11 Jan 2003 | 12:00 AM

Life after delisting

NOBODY should have been surprised when the Kuala Lumpur Stock Exchange (KLSE) announced on Monday that it had commenced delisting procedures against 16 PN4 companies.

Business 17 Jan 2003 | 12:00 AM

SC gives nod to 129 corporate proposals in Q4 2002

THE Securities Commission (SC) has approved 129 corporate proposals in the final quarter 2002, bringing the total approved proposals for the year to 384.

Business 29 Jan 2003 | 12:00 AM

FW hopes to complete debt revamp in April

Financially distressed engineering and construction group, FW Industries Bhd expects to complete its debt restructuring scheme in April this year, said executive director Tong Kai Mun.

Business 30 Jan 2003 | 12:00 AM

Promet signs agreement on restructuring

PROMET Bhd has signed a memorandum of agreement with businessmen Mahmud bin Ali and Mohd Shafie bin Mahmud to undertake a restructuring exercise involving capital reduction, debt settlement and acquisition of asset to regularise the company#146;s financial position.

Business 01 Feb 2003 | 12:00 AM

Rekapac served de-listing notice

THE KLSE has announced the commencement of further de-listing procedures against Rekapacific Bhd (Rekapac), notwithstanding the High Court order staying the exchange#039;s earlier decision to delist Rekapac, pending a judicial review.

Business 11 Feb 2003 | 12:00 AM

News in brief

News in brief on Kumpulan Guthrie, Petronas, Plantations Development (M) Berhad and other firms.