Notable filings
BETWEEN Jan 11 and 15, notable shareholding changes took place at several companies listed on Bursa Malaysia, including
Bintai Kinden Corp Bhd, a mechanical and electrical engineering firm that is venturing into the healthcare sector by distributing a Covid-19 vaccine in Southeast Asia.
In a Jan 11 filing, loss-making Bintai Kinden said Handal Jayabina Sdn Bhd had ceased to be a substantial shareholder after divesting 15 million shares or a 3.93% stake on the open market on Jan 7. It is worth noting that Melaka-based Handal Jayabina had just emerged as a substantial shareholder on Jan 6.
As part settlement of outstanding debts owed by Optimal Property Management Sdn Bhd, a wholly-owned subsidiary of Bintai Kinden, 31.8 million shares representing a direct stake of 8.32% were issued to Handal Jayabina. Following the divestment on Jan 7, it is estimated that it still holds about 4.39% of Bintai Kinden.
has entered a memorandum of understanding with Chuanplus Industries Sdn Bhd to negotiate a potential collaboration in nitrile rubber production.
It said in a filing with Bursa Malaysia that the parties will negotiate the investment of RM50mil to produce nitrile rubber for the rubber glove industry.
The parties will form a special purpose vehicle (SPV) to build a new nitrile rubber production plant and enter the upstream production of nitrile gloves.
It is proposed that Jiankun will have 80% ownership of the SPV while Chuanplus holds the remaining 20%.
Jiankun will be responsible for raising funds while Chuanplus will provide the technology know-how to produce NBR.
Jiankun signs MoU with Chuanplus for nitrile rubber venture thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Dec 22): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 23) include: FGV Holdings Bhd, Jiankun International Bhd, Pecca Group Bhd, Kossan Rubber Industries Bhd, Alliance Bank Malaysia Bhd, Ranhill Utilities Bhd, UOA Development Bhd, UOA Real Estate Investment Trust, Mitrajaya Holdings Bhd, Tan Chong Motor Holdings Bhd, and Fintec Global Bhd.
The Federal Land Development Authority (Felda) is eyeing to take
FGV Holdings Bhd private after its unconditional takeover offer for the latter s shares.
Felda said it does not intend to maintain the listing status of FGV on the Main Market of Bursa Malaysia.