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Insider Moves: Bonia Corp Bhd, Kanger International Bhd, Key Alliance Group Bhd, MMAG Holdings Bhd, K-Star Sports Ltd, NetX Holding Bhd, PA Resources Bhd

BETWEEN Nov 30 and Dec 4, notable filings at Bursa Malaysia listed companies included that at
Bonia Corp Bhd, which saw Milingtonia Ltd ceasing to be a substantial shareholder after disposing of 16.18 million shares.
During the same week, Freeway Team Sdn Bhd, which is linked to Bonia’s founder and group executive chairman Chiang Sang Sem, acquired 400,000 shares. Post-acquisition, Chiang’s indirect stake in Bonia increased to 54.22%.
Bonia recently announced a 35.6% growth in net profit to RM5.36 million for the first quarter ended Sept 30, 2020, compared with the previous corresponding period. This was despite lower revenue of RM78.02 million against RM94.11 million a year ago. ....

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Key Alliance plans to buy 30% of Tree Med

Key Alliance managing director Roy Ho said the upon completion, the acquisition would position the group as a complete player in the medical supplier market for in-vitro diagnostics, as well as open doors for it to participate in future vaccine sales and core lab products.
plans to acquire a 30 per cent stake in Tree Med Sdn Bhd, a local medical devices supplier, for RM14 million.
In a statement today, Key Alliance managing director Roy Ho said the upon completion, the acquisition would position the group as a complete player in the medical supplier market for in-vitro diagnostics, as well as open doors for it to participate in future vaccine sales and core lab products. ....

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KLCI extends losses to open lower

KLCI extends losses to open lower
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