KUALA LUMPUR (October 15): Based on Friday’s business announcements and news, businesses targeted on Monday (October 18) may include: Malayan Banking Bhd (Maybank), Duopharma Biotech Bhd, Telekom Malaysia Bhd (TM ), Axteria Group Bhd, Petronas Chemicals Group Bhd (PChem), NPC Resources Bhd, BSL Corp Bhd, XOX Bhd, Jadi Imaging Holdings Bhd, KPJ Healthcare Bhd, CTOS Digital Bhd, Jade Marvel Group Bhd, Bank Islam Malaysia Bhd and Sentral REIT .
Malaysian banking bhd (Maybank) issued 250 million yuan (approximately RM161 million) of fixed rate bonds due 2024 on the Singapore Stock Exchange (SGX). According to Maybank’s filing with SGX on Friday, the fixed rate notes, which pay an annual interest rate of 3.15%, will be listed and listed on the SGX bond market at 9 a.m. on Monday, October 18. Maybank, however, did not specify how the proceeds from the bond sale would be used.
Sinopharm’s Covid-19 vaccine now available in Malaysia, said Duopharma Biotech Bhd. Duopharma’s wholly owned unit, Duopharma (M) Sdn Bhd, has been authorized as the registrant of Sinopharm and to engage in the sale and distribution of the vaccine in the country. Duopharma said the first shipment of the vaccine arrived in batches in September 2021 and is now widely available in clinics and private hospitals across the country.
Telekom Malaysia Bhd (MT) has started migrating its unifi clients to Private Internet Protocol (IP) to enable more seamless connectivity and better security. This is due to the rapid growth in Internet usage which has caused Internet Service Providers (ISPs) around the world to contend with IPv4 address depletion.
Axteria Bhd Group, formerly known as Acoustech Bhd, has signed a non-binding letter of intent with Far East Hospitality Management (S) Pte Ltd (FEH), expressing its intention to manage the hotel and serviced suites located in Kota Laksamana, Melaka, which are currently being developed by its wholly owned subsidiaries Axteria Assets Sdn Bhd and Axteria Eco Sdn Bhd. The two Axteria units are developing a 16-story development building with 241 hotel rooms and a 44-story development building with 306 serviced suites, both of which are proposed to be managed under the FEH brands. Axteria stated that it is the intention and understanding of both parties to ensure a smooth and efficient joint collaboration where FEH is to operate and provide management, trademark licensing and other related services to the properties. that will meet high-end international standards.
Petronas Chemicals Bhd Group‘s (PChem) BASF Petronas Chemicals Sdn Bhd (BPC) joint venture plans to expand production capacity at its Verbund site in Gebeng, Kuantan, Pahang industrial zone. The Gebeng site currently produces 2-ethylhexanoic acid (2-EHA). BPC plans to double its annual production to 60,000 metric tonnes (MT) by 2024, compared to the current 30,000 MT. BPC, which started production at Gebeng in 2016, is a joint venture between PChem and German chemical multinational BASF SE. The latter also produces 2-EHA at its Verbund site in Ludwigshafen, Germany. 2-EHA is a chemical intermediate used as a compound in the production of synthetic lubricants, oil additives and functional liquids in various industries.
PNJ Bhd Resources is ceding four plots of agricultural land in Kinabatangan, Sabah, to Syarikat Kretam Plantations Sdn Bhd (SKPSB) for a total of RM52.72 million. The four plots of land – with a total net book value of approximately RM 45.707 million as of December 31, 2020 – are fully cultivated and include infrastructure, buildings, equipment, fixtures and assets. NPC’s wholly owned subsidiary, Seraya Plantation Sdn Bhd, has signed a conditional sale and purchase agreement (SPA) with SKPSB for the divestiture of three plots of land measuring 1,184 acres for a combined $ 29.6 million by RM.
BSL Corp Bhd, who is involved in the contract manufacturing of electrical and electronic products, announced the resignation of Ngiam Tee Wee as CEO. The company said Ngiam, 53, had resigned due to “other professional commitments as a general manager at the branch level,” but did not elaborate. Ngiam owns 350,000 shares of BSL.
Mobile virtual network operator XOX Bhd, through its wholly-owned subsidiary XOX (Hong Kong) Ltd (XOX HK), has entered into an agreement to acquire 200 million shares or a 19.01% stake in Jadi Imaging Holdings Bhd for 46 million RM. XOX HK has entered into a share purchase and sale agreement with Liew Kim Siong and Ng Poh Imm for the proposed acquisition. Jadi is primarily engaged in the development, formulation and manufacture of toners for laser printers, copiers, fax machines and multifunction office equipment.
KPJ Health Bhd and Al Aqar Australia Pty Ltd are amending an existing lease to revise the rental rate for the old Jeta Gardens elderly care properties in Brisbane, Australia. The new deal values the properties at A $ 28.5 million, up from A $ 45.5 million since 2011, while its base rental rate has been reduced to 6.5% relative to the market value of the properties. , against 8.5% previously. The properties are owned by Jeta Gardens (Qld) Pty Ltd (JGPL), 57.16% owned by KPJ. while Johor Corp controls 22.01%. The revised rental rate is in effect from October 2, 2021 to November 1, 2023, with another revision scheduled for 2023-2026.
CTOS Digital BhdRM’s net profit for the third quarter ended September 30, 2021 (3QFY21) increased 9.32% to RM 11.67 million from RM 10.68 million for the same period last year (3QFY20 ), supported by higher revenues from its Malaysian and international segments. The group’s quarterly revenue jumped 13.36% to RM38.57 million from RM 34.02 million in 3QFY20. At the same time, the group also declared a second interim dividend of 0.32 sen per share to its shareholders, to be paid on December 10, 2021.
jade marvel group bhd plans to work with a newly incorporated local private company to jointly undertake the management of businesses related to the wellness industry through a one-stop information technology control system. Jade Marvel said she has signed a memorandum of understanding with BHealthy Wellness Sdn Bhd, whose owners and directors Chua Kian Leong and Goh Chee Siang both have extensive experience in the wellness industry, including companies specializing in spas, reflexology and beauty. As part of the MoU, the parties will create a joint venture with a 51/49 stake, with Jade Marvel owning the controlling 51% stake.
Bank Islam Malaysia Bhd plans to establish a Dividend Reinvestment Plan (DRP) to offer shareholders the option of reinvesting their dividends in new Bank Islam shares, instead of receiving cash. Thus, within the framework of the DRP, the board of directors of Bank Islam may decide to pay dividends in cash or to offer shareholders the possibility of reinvesting all or part of these in DRP shares. It will also decide on the part of the dividend to which the DRP applies if the reinvestment option is applicable; and that if the reinvestment option is not fully exercised by the shareholders, that the remaining part be paid in cash. The products retained from the DRP can be used for the group’s working capital, to repay loans or for other needs of Bank Islam and its subsidiaries which will be identified when these funds are withheld.
Sentral REIT (formerly MRCB-Quill REIT) has filed debt programs with the Securities Commission, through which it plans to raise up to 3 billion ringgit in total combined value to finance its investing activities and fund general working capital, as well as to refinance its loans. Sentral REIT said its manager Sentral REIT Management Sdn Bhd has proposed to set up a commercial paper program (CP) with a face value of RM 300 million and a medium term note program (MTN ) RM3 billion in nominal value, subject to a combined limit of RM3 billion in aggregate nominal value under Trusmadi Capital Sdn Bhd (the issuer). The issuer, a special purpose vehicle wholly owned by Maybank Trustees Bhd, has filed the programs with the Securities Commission.