KUALA LUMPUR (April 25): Here is a brief look at some corporate announcements and news feeds from Monday, April 25, involving Capital A Bhd, Sime Darby Property Bhd, Telekom Malaysia Bhd (TM), Petronas Dagangan Bhd (PetDag), Ireka Corp Bhd, Integrated Logistics Bhd, Fraser & Neave Holdings Bhd’s (F&N), ES Ceramics Technology Bhd, Press Metal Holdings Bhd, Divfex Bhd, Texchem Resources Bhd, Mr DIY Group (M) Bhd, IHH Healthcare Bhd, Destini Bhd, Caely Holdings Bhd, TWL Holdings Bhd, CTOS Digital Bhd, Jadi Imaging Holdings Bhd and G3 Global Bhd.
Capital A BhdThe aircraft maintenance, repair and overhaul unit, 100% owned by Asia Digital Engineering (ADE), has announced the creation of its board of directors. The board includes Berjaya Corp Bhd’s independent non-executive director, Datuk Hisham Othman, who has been appointed chairman of ADE to oversee the company’s future strategy to become a leading aviation MRO company in Asia. from the South East.
Sime Darby Property Bhd is set to launch Phase 3B of the Battersea Power Station project this year. Non-independent non-executive chairman Rizal Rickman Ramli said the Battersea power station project in central London shows promising prospects, with crowds returning to development for the summer. Sime Darby owns 40% of the joint venture development project and currently chairs the company.
Telekom Malaysia Bhd (MT) has pledged to expand its fiber optic network to an additional six million premises by the end of 2022 as part of the national digital network (Jendela), its chairman Tan Sri Mohammed Azlan Hashim said in the 2021 annual report of TM filed in Bursa Malaysia. The President said this is part of TM’s goal to help the country rebuild and recover from the pandemic in the coming years, and the main measure to achieve this is to intensify its national efforts to scanning.
PetronasDagangan Bhd (PetDag) is working closely with the Ministry of Finance (MoF) on raising the fuel subsidy bill amid near-record crude oil prices, according to PetDag Managing Director and CEO Azrul Osman Rani . Azrul said the downstream oil and gas group understands the current difficult situation with high global oil prices impacting the country and all other nations.
Ireka Corp Bhd declared having received a written notice from MM. Crowe Malaysia PLT indicating their intention to resign as external auditors of the company. Ireka said the matter was brought up on Monday at a special meeting of the audit committee, during which a board resolution was circulated, with the board subsequently accepting the resignation recommended by the audit committee.
Urusharta Jamaah Sdn Bhd (UJSB) sold its entire stake in Integrated Logistics Bhd and ceased to be a significant shareholder of the group. The UJSB, the government’s ad hoc structure created to take over the underperforming assets of Lembaga Tabung Haji, on April 20 sold 20.5 million shares, representing a 10.78% stake in the company.
Fraser & Neave Holdings Bhdit is (F&N) offered to acquire the entire stake in Ladang Permai Damai for a cash consideration of RM215.59 million. The beverage company said its 65% indirectly owned subsidiary Dagang Sejahtera Sdn Bhd entered into a conditional share sale agreement with Dupont & Leosk Enterprises Sdn Bhd and Malaysia Nominees (Tempatan) Sdn Bhd as the registered owner. of shares and agent company of OCBC. Bank (Malaysia) Bhd on April 25 for the proposed acquisition.
ES Ceramics Technology Bhd reported a 41.22% increase in net profit to RM11.96 million for its third quarter ended February 28, 2022 (3QFY22), from RM8.47 million a year earlier, driven by an increase in sales thanks to the additional production capacity. Revenue increased by 30.13% to RM29.42 million from RM22.61 million in 3QFY21. No dividend was declared for the quarter compared to the previous year.
Press Metal Aluminum Holdings Bhd said its Sarawak subsidiary had reached an “amicable settlement” with the Inland Revenue Board over additional dues for the years 2014 to 2019. Press Metal Bintulu Sdn Bhd reached a final settlement of 26.74 million RM based on letter received from IRB dated
Divfex Bhd said his group’s chief executive, Kenny Chin Wui Chee, has been renamed executive director. The group said Chin’s new designation takes effect Monday, April 25. He was appointed CEO of Divfex on August 10, 2020. Prior to that, he served as CEO of Numoni DFS Sdn Bhd.
Texchem Resources Bhd’Net profit for the first quarter ended 31 March 2022 (1QFY22) nearly doubled or was 97.18% higher at RM13.08 million from RM6.63
million in the same period last year, mainly due to a stronger contribution from its food and catering divisions. Revenue increased by 15.28% to RM307.49 million from RM266.74 million as its restaurant operations saw a 23% increase in revenue to RM71.5 million, following the resumption of economic activities and the rise of social activities, which stimulated sales.
Mr DIY Group (M) Bhd offered a free allocation of up to 3.14 billion shares on the basis of one free share for every two shares held. Eligibility dates for bonus shows will be determined at a later date, the home improvement store chain said. Mr. DIY said that his share price adjusted for the bonus issue will not be less than 50 sen, based on the daily volume-weighted average market price (VWAMP) for the three-month period preceding the date of application.
IHH Healthcare Bhd said its Fortis Healthcare Ltd unit has received a final order from Indian regulators to recover 397.12 crore rupees (RM225 million) with interest, which would be diverted from the Fortis group to its former majority shareholders. IHH said the Securities and Exchange Board of India (SEBI) also imposed a fine of one crore rupees (RM567,000) and 50 lakh rupees (RM284,000) on Fortis and its unit in wholly owned by Fortis Hospitals Ltd, respectively.
Destini Bhd is seeking shareholder approval to diversify into renewable energy and related businesses. Destini said it has identified the renewable energy sector and related businesses such as solar power as viable businesses to venture into, in line with its strategy of diversifying and creating an additional revenue stream.
Caely Holdings Bhd said two of its independent directors, Datuk Seri Mazlan Lazim and Noor Azri Azerai, have resigned from the board to pursue other opportunities. The two had a fairly short stint on the board of the struggling lingerie company, as they were both appointed only about a month ago.
TWL Holdings Bhd, formerly Tiger Synergy Bhd, is buying an 8,479 sq m plot of land in Seri Kembangan, Selangor for RM13.9 million, with a view to developing the land into a residential project with a gross development value of RM84.26 million . TWL said the proposed acquisition is in line with the group’s business strategy of focusing on the construction and property development segments. As of April 22, TWL is involved in eight ongoing real estate projects with an estimated total GDV of RM1.81 billion.
CTOS Digital Bhd increased its stake in RAM Holdings Bhd to 17.23% by buying back the collective 9.1% shares held by OCBC Bank (M) Bhd, Affin Bank
Bhd and Affin Hwang Investment Bank Bhd (Affin Hwang IB) for RM25.06 million, in cash. CTOS said it signed share purchase agreements on February 4 and April 25 with
OCBC Malaysia, Affin Bank and Affin Hwang IB, to acquire 910,000 RAM shares.
Jadi Imaging Holdings Bhd has received conditional approval from the Ministry of Health (MoH) to distribute Covid-19 antigen (saliva) self-test kits manufactured by Dyna Source Sdn Bhd in Malaysia. Jadi said the conditional approval, received through its wholly owned subsidiary Jadi Life Solutions Sdn Bhd, is from the Medical Device Authority of the Ministry of Health for the distribution of Dyna Source’s Biodetect Rapid Sars Cov-2 Antigen test kits. . Dyna Source is an MDA registered company and holds a Good Distribution Practice for Medical Devices certification.
After much hype about the creation of the first artificial intelligence (AI) park in Malaysia, the Memorandum of Understanding (MoU) signed between the listed technology company on the main market G3 Global Bhd and two Chinese companies finally expired on Monday. G3 Global has insisted that it remains committed to the vision of the memorandum of understanding with SenseTime Group Ltd and China Harbor Engineering Company Ltd (CHEC) for the development of an AI park.