Apollo s manufacturing plant in Johor resumes operations theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Dec 15): Based on corporate announcements and news flow today, companies in focus tomorrow (Dec 16) may include: TA Enterprise Bhd, Widad Group Bhd, Top Glove Corp Bhd, Guocoland (Malaysia) Bhd , Fraser & Neave Holdings Bhd (F&N), George Kent (Malaysia) Bhd, United Malacca Bhd, Econpile Holdings Bhd, Deleum Bhd, Uzma Bhd and Apollo Food Holdings Bhd.
TA Enterprise Bhd (
TAE) said it has received a notice of an unconditional mandatory takeover offer from Datuk Tony Tiah Thee Kian to acquire all remaining ordinary shares in TAE not already owned by him at a cash offer price of 65.5 sen each, after Tiah and persons acting in concert with him triggered the creeping threshold, whereby their collective shareholdings in TAE will be increased from 42.36% to 59.78%.
KUALA LUMPUR (Dec 15): Apollo Food Holdings Bhd hopes to resume operations on Dec 18 or earlier, once it has completed the disinfection of its factories to curb the spread of Covid-19.
In a filing with the bourse, the group said it had taken stringent precautionary measures, including the temporary ceasing of operations from Dec 9, to test employees at its premises as well as for disinfection purposes.
Its wholly-owned subsidiary Apollo Food Industries (M) Sdn Bhd, which is based in Larkin, Johor, had on Dec 11 received notices from the Ministry of Health (MoH) to temporarily stop operations at two of its premises there, until Dec 17.