Batu Kawan raises stake in CCM to 92%, to proceed with delisting plan thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Jan 15): Based on corporate announcements and news flow today, stocks that may be in focus on Monday (Jan 18) include: KNM Group Bhd, Kanger International Bhd, SKP Resources Bhd, Batu Kawan Bhd, Chemical Company of Malaysia Bhd (CCM), Daya Materials Bhd, Samaiden Group Bhd, MESB Bhd, Seacera Group Bhd, AT Systemization Bhd, Notion-VTec Bhd, Tenaga Nasional Bhd (TNB), Genting Malaysia Bhd (GenM) and FGV Holdings Bhd.
KNM Group Bhd plans to raise up to RM54.93 million via a private placement to pay off its bank borrowings and to fund some ongoing projects. The process equipment manufacturer aims to issue up to 10% of its share capital or 296.92 million shares, which will be placed out to third-party investors to be identified. It said RM20 million of the proceeds raised will be used to repay bank borrowings, while RM33.63 million will be used to procure raw materials, pay subcontractors and other related expenses for its ongoing contracts in Indonesia, Malaysia and Guyan
Thursday, 14 Jan 2021 09:02 PM MYT
BY R. LOHESWAR
Tan Eng Kee (right) during Greatech Technology Berhad’s listing on the ACE market of Bursa Malaysia June 13, 2019. Picture from Facebook/ Greatech Technology Berhad
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KUALA LUMPUR, Jan 15 Tan Eng Kee never imagined he would become a billionaire after losing his father at age 13 but was now the country’s latest member of the exclusive club courtesy of his company, Greatech Technology’s listing in 2019.
Forbes reported today Greatech which produces industrial automation equipment for a variety of different manufacturers saw its shares jump 330 per cent in the past year, propelling Tan into the billionaires club with a net worth of just over US$1 billion (RM4.04 billion).
BALIK PULAU: A man with 43 priors on his criminal record and was just released from prison in September last year found himself being hauled up by police again on the first day of the movement control order.
Greatech plans new factory in Batu Kawan thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.