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Top News In Mieco Chipboard Bhd Today - Breaking & Trending Today

Ecomate on acquisition trail

This article first appeared in The Edge Malaysia Weekly on June 5, 2023 - June 11, 2023 JOHOR-based ready-to-assemble (RTA) home furniture specialist Ecomate Holdings Bhd, which is in the midst of migrating from the ACE Market to the Main Market, is now eyeing merger and acquisition (M&A) opportunities as it seeks inorganic growth. Ecomate co-founder and managing director Jason Koh Jian Hui acknowledges that the company has been relying solely. ....

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Insas to list M&A Securities via RTO of SYF Resources, valuing the stockbroker at 1.2 times book value

Insas Bhd is listing its stockbroking arm M & A Securities Sdn Bhd (M&A) via a reverse takeover of furniture maker SYF Resources Bhd. The securities firm is valued at RM222 million, representing a price-to-book valuation of 1.2 times which is generally higher than most banks listed on Bursa Malaysia and a price-to-earnings ratio of 11.8 times. ....

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Mieco Chipboard proposes 3-for-5 bonus issue; share price hovers near 3-year high


KUALA LUMPUR (March 2): Mieco Chipboard Bhd has proposed a 3-for-5 bonus issue which entails the issuance of 315 million shares in the company, it said today.
As at the last practicable date prior to the announcement, Mieco had an issued share capital of 525 million shares amounting to RM215.87 million.
The particle board manufacturer had no treasury shares or any outstanding convertible securities as at the latest practicable date prior to the announcement, it said.
The bonus issue will be undertaken without any capitalisation and will be issued as fully paid at nil consideration, it added.
Mieco expects the bonus issue to be completed in the second quarter of 2021. ....

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