KUALA LUMPUR (April 30): Based on corporate announcements and news flow today, companies that may be in focus on Monday (May 3) include: FGV Holdings Bhd, MSM Malaysia Holdings Bhd, IHH Healthcare Bhd, Mr DIY Group (M) Bhd, Priceworth International Bhd, KLCCP Stapled Group, Sapura Resources Bhd, Sapura Energy Bhd, Malayan Banking Bhd, Al- Aqar Healthcare REIT, Top Glove Corp Bhd, Fajarbaru Builder Group Bhd and Sarawak Oil Palms Bhd.
FGV Holdings Bhd s (FGV) subsidiaries,
MSM Malaysia Holdings Bhd (MSM) and FGV Integrated Farming Holdings Sdn Bhd (FGVIF), have entered into a binding term sheet on the respective disposal and acquisition of a 100% stake of MSM s wholly-owned subsidiary MSM Perlis Sdn Bhd. With an initial disposal consideration of RM175 million, the agreement is set to be completed by the third quarter of this year.
(SOPB) has entered into a conditional share sale agreement with Shin Yang Holding Sdn Bhd (SYHSB), to acquire 40 per cent equity interests in SOP Plantations (Sabaju) Sdn Bhd (SOP Sabaju) for a cash consideration of RM45.88 million.
In a filing with Bursa Malaysia today, SOPB said the proposed acquisition involves the remaining 6.20 million shares in SOP Sabaju, adding that the purchase is expected to be completed by end of the second quarter of 2021. The equity interest shall be acquired by the SOPB from SYHSB free from all claims, charges, liens and encumbrances together with all the rights attached thereto, and all dividends, rights, and distributions, declared, paid or made in respect thereof, from the date of completion,” it said.
Friday, 30 Apr 2021 11:10 PM MYT
A worker shows palm oil fruits at a factory in Sepang November 20, 2014. AFP pic
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KUALA LUMPUR, April 30 Sarawak Oil Palms Bhd (SOPB) remains cautious on the outlook for 2021 amid the uncertainty of the global edible oil supply-demand dynamic and geographical politics headwinds.
In its 2020 annual report released today, the company said the price outlook for crude palm oil, however, remained favourable for 2021 amid the tighter palm oil stocks, concerns over weather impact on edible oils supplies as well as labour shortage faced by the oil palm industry in Malaysia,