KUALA LUMPUR: Minho (M) Bhd's wholly-owned subsidiary Syarikat Minho Kilning Sdn Bhd has entered into a sales and purchase agreement with Kheng Joo Realty Sdn Bhd and Kin Seng Properties Sdn Bhd to acquire a tract of freehold land measuring 7.8433ha in Jeram, in Kuala Selangor, Selangor, for RM18.41mil cash.
KUALA LUMPUR (Dec 29): Based on corporate announcements and news flow today, companies in focus tomorrow (Dec 30) may include: AirAsia Group Bhd, Kim Loong Resources Bhd, Minho (M) Bhd, Artroniq Bhd, Duopharma Biotech Bhd, MISC Bhd and Toyo Ventures Holdings Bhd.
Budget airline
AirAsia Group Bhd has decided to sell 32.67% of the 49% stake it holds in AirAsia (India) Ltd to Tata Group for US$37.66 million (approximately RM152.58 million). As part of the transaction, there will be a call option in respect of the remaining 16.33% stake, exercisable by Tata at any time after the transaction is completed. The total consideration in respect of the options granted for the remaining 16.33% stake shall be US$18.83 million (approximately RM76.29 million).