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Top Glove, Jaycorp, Pharmaniaga, Wah Seong, Kejuruteraan Asastera, CCB, Serba Dinamik


KUALA LUMPUR (March 17): Based on corporate announcements and news flow today, companies in focus on Thursday (March 18) may include Top Glove Corp Bhd, Jaycorp Bhd, Pharmaniaga Bhd, Wah Seong Corp Bhd, Kejuruteraan Asastera Bhd, Cycle & Carriage Bintang Bhd and Serba Dinamik Holdings Bhd.
Top Glove Corp Bhd has claimed trial against charges of failure to provide Labour Department (JTK)-certified accommodations, and the matter has been set for another mention on April 28. The glove maker said it was present at the Ipoh Sessions Court yesterday for the first case mention in relation to an inspection by JTK in November last year under the Workers Minimum Standards of Housing and Amenities Act 1990. ....

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Jardine CCL makes fresh takeover bid for Cycle & Carriage Bintang at RM2.40 per share


KUALA LUMPUR (March 17): Cycle & Carriage Bintang Bhd s (CCB) largest shareholder Jardine Cycle & Carriage Ltd (Jardine CCL) has made a fresh bid to privatise the country s largest dealer of Mercedes-Benz at RM2.40 per share.
The offer is higher by 72 sen or 42.86% to CCB s closing price today of RM1.68, and is higher by between 44.56% and 65.12% to the volume weighted average market price of the shares within a five-day to a one-year period.
Jardine CCL, which owns 59.54 million shares representing a 59.1% stake in CCB, last year failed in its bid to privatise the company, which was attempted via a proposed selective capital reduction and repayment exercise at RM2.20 per share. ....

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Investegate |Jardine Strategic Announcements | Jardine Strategic: 2020 Preliminary Announcement of Results


 
 
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Underlying net profit attributable to shareholders down 35% to US$1,094 million and underlying earnings per share down 34% to US$1.96
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Southeast Asian businesses and Mandarin Oriental severely impacted by the pandemic, but resilience in Hongkong Land, Dairy Farm, Jardine Pacific and Jardine Motors
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Continued investment for the long-term exemplified by US$4.5 billion investment by Hongkong Land in West Bund in Shanghai
2020 has brought major challenges to our teams and businesses, but also demonstrated once again the Group s ability to adapt and thrive as our businesses accelerated the pace at which they adopt technology and embraced digital ways of working.  High levels of uncertainty remain in respect of this year, however, given the continuing impact of the pandemic.  The Group s performance in the first part of 2021 is expected to be affected in particular by the conti ....

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