KUALA LUMPUR (Dec 22): Mitrajaya Holdings Bhd is acquiring a 60% stake in a plantation works and sand extraction company from its own group managing director and major shareholder Tan Eng Piow, for RM15.9 million.
In a stock exchange filing today, Mitrajaya said it will acquire a total of 300,000 shares and 12.28 million preference shares in Premier Discovery Sdn Bhd (PDSB) from Tan.
Mitrajaya, which had cash at bank and deposits of RM33.3 million as at Nov 30, expects to satisfy the purchase through internal funds.
According to Mitrajaya, the book value of PDSB’s net asset and net profit were RM20.97 million and RM9,046 respectively, for the financial year ended Dec 31, 2019.
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.