KUALA LUMPUR (Jan 12): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (Jan 13) include QL Resources Bhd, Boilermech Holdings Bhd, FGV Holdings Bhd, Pharmaniaga Bhd, I-Stone Group Bhd, Spring Art Holdings Bhd, Ho Wah Genting Bhd, Handal Energy Bhd, ATTA Global Group Bhd, MTD ACPI Engineering Bhd, Mulpha International Bhd, Malaysia Airports Holdings Bhd, AirAsia Group Bhd, and Gas Malaysia Bhd.
QL Resources Bhd s takeover offer for shares it does not own in
Boilermech Holdings Bhd has been extended to Jan 29. The initial deadline for the conditional mandatory general takeover offer at 95 sen per share was Jan 14. QL currently controls a 48.41% stake or 249.79 million shares in Boilermech.
Felda awaits approval from state govts to built additional houses Idris 06 Jan 2021 / 22:34 H. Pix for representational purpose only.
BUKIT KAYU HITAM: The Federal Land Development Authority (Felda) is awaiting approval from the relevant state governments to enable the second or third generation of settlers to build additional houses on lots of the original settlers.
Felda chairman Datuk Seri Idris Jusoh said the initiative was to enable the group to build new houses on existing lots, close to their parents’ homes, as well as to resolve housing issues among Felda settlers.
“Felda has made a policy to allow (second/ third generation) to build new houses on their parents’ lots, but they have to get approval from the state government first.
KUALA LUMPUR (Dec 30): Based on corporate announcements and news flow today, companies in focus tomorrow (Dec 31) may include: Sime Darby Plantation Bhd, Tompyak Holdings Bhd, Alliance Bank Malaysia Bhd, AME Elite Consortium Bhd, UEM Sunrise Bhd, Eco World Development Bhd, Uzma Bhd, G Capital Bhd, FGV Holdings Bhd, Stella Holdings Bhd, Willowglen MSC Bhd and K-One Technology Bhd.
The United States has banned imports of palm oil from Malaysian producer
Sime Darby Plantation Bhd over allegations of forced labour in the production process, according to the US Customs and Border Protection. The agency said it has issued a withhold release order , which will allow it to detain shipments based on suspicion of forced labour involvement under long-standing US laws aimed at combating human trafficking, child labour and other human rights abuses.
KUALA LUMPUR (Dec 28): The Federal Land Development Authority (Felda) and its subsidiary Felda Investment Corporation Sdn Bhd (FIC) wants to consolidate the trial of its RM2 billion suit against its two former chairmen Tan Sri Isa Samad and Tan Sri Shahrir Samad, Synergy Promenade Sdn Bhd, Synergy Promenade KLVC Sdn Bhd and 17 others with other ongoing trials involving the same parties, for the cases to be tried jointly.
A case management was held via e-review today and the hearing of the application to consolidate the suits has been fixed on April 21 at 2.30pm. The case management was done before High Court deputy registrar, Idamasliza Maarof, who fixed the hearing date before Justice Wong Chee Lin.
LAST Friday, market talk had it that the Federal Land Development Authority (FELDA) had secured the requisite funding to buy the stakes held by Kumpulan Wang Persaraan (Diperbadankan), or KWAP, and Urusharta Jamaah Sdn Bhd (UJSB) in FGV Holdings Bhd.
The funding included the amount needed to buy up all the shares not under FELDA and parties acting in concert with it. Details of the funding, however, were unavailable but one source familiar with the matter said that FELDA obtained the loan as it had assets in the form of land.
“I would think it’s a club deal (a consortium of banks), no single financial institution would take up such a loan … or it (the privatisation) could be government funded,” one source says.