KUALA LUMPUR (Dec 17): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Dec 21) include: Chemical Company of Malaysia Bhd, NWP Holdings Bhd, Pecca Group Bhd, Reservoir Link Energy Bhd, Bermaz Auto Bhd, Pegasus Heights Bhd, Hai-O Enterprise Bhd, PCCS Group Bhd, Gas Malaysia Bhd, PLS Plantation Bhd, Fintec Global Bhd, NetX Holdings Bhd, Puncak Niaga Holdings Bhd and NTPM Holdings Bhd.
Seasoned investor Pui Cheng Wui has emerged as a substantial shareholder of
Chemical Company of Malaysia Bhd (CCM) after acquiring 27.03 million shares or a 16.12% stake in the company. The move comes just a month after Batu Kawan Bhd announced the acquisition of a 56.32% stake in CCM from Permodalan Nasional Bhd. Pui’s purchase of the 16.12% stake was made in the open market on Dec 16. The block of shares would have cost him RM83.26 million based on the closing price of RM3.08 on Dec 16.
KUALA LUMPUR (Dec 18): Loss-making Pegasus Heights Bhd plans to raise up to RM80.31 million a quarter of its current market capitalisation of RM316.81 million through a private placement of up to 2.92 billion shares or 20% of its total issued share.
The placement is estimated to raise between RM58.08 million and RM80.32 million, Pegasus said in a filing with Bursa Malaysia.
The group plans to use RM64.5 million of the gross proceeds under the maximum scenario to fund its working capital requirement.
It plans to spend another RM16 million for the upgrade and maintenance works of its 24-year-old Centerpoint Seremban Mall.
Pegasus said the issue price of the new shares, and the third party investors, will be decided at a later date.