KUALA LUMPUR (Dec 22): PKF Malaysia has voluntarily resigned as the external auditor of Fintec Global Bhd, citing resources constraint .
Fintec said it received a notice in writing dated Dec 21 from PKF, with the auditor s term of office to end 21 days after the date. PKF was reappointed as the auditors of the company at the last annual general meeting (AGM) of the company held on Sept 30, and is to hold office until the conclusion of the next AGM of the company. The resignation of PKF is on a voluntary basis due to its resources constraint, said Fintec in a filing with Bursa Malaysia.
KUALA LUMPUR (Dec 22): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 23) include: FGV Holdings Bhd, Jiankun International Bhd, Pecca Group Bhd, Kossan Rubber Industries Bhd, Alliance Bank Malaysia Bhd, Ranhill Utilities Bhd, UOA Development Bhd, UOA Real Estate Investment Trust, Mitrajaya Holdings Bhd, Tan Chong Motor Holdings Bhd, and Fintec Global Bhd.
The Federal Land Development Authority (Felda) is eyeing to take
FGV Holdings Bhd private after its unconditional takeover offer for the latter s shares.
Felda said it does not intend to maintain the listing status of FGV on the Main Market of Bursa Malaysia.
KUALA LUMPUR (Dec 21): Fintec Global Bhd pocketed RM26.74 million cash by selling 768.15 million units of Focus Dynamics Group Bhd s warrants D on the open market.
In a filing with Bursa Malaysia, Fintec Global said the zero cost of Focus Dynamics warrant-D arose from its earlier subscription of Focus irredeemable convertible preference shares that came with free detachable warrants D. The disposal is part of Fintec Global s overall decision to recoup back its investment in Focus Dynamics by disposing the warrants at a profit and to channel the proceeds towards investments that can create synergies within Fintec Global s group of investees companies, said the company.
KUALA LUMPUR (Dec 21): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 22) may include: Mah Sing Group Bhd, Panasonic Manufacturing Malaysia Bhd, Bintai Kinden Corp Bhd, Kejuruteraan Asastera Bhd, Puncak Niaga Holdings Bhd, Greatech Technology Bhd, RHB Bank Bhd, Yi-Lai Bhd, Supermax Corp Bhd, Karex Bhd, ATA IMS Bhd, Fintec Global Bhd, Aeon Credit Service (M) Bhd, Gamuda Bhd, Versatile Creative Bhd and Deleum Bhd.
Mah Sing Group Bhd’s shareholders have given the property developer the greenlight to diversify into rubber glove manufacturing through its subsidiary Mah Sing Healthcare Sdn Bhd. In a virtual extraordinary general meeting today, Mah Sing obtained 99.9962% of votes for the diversification plan to mitigate cyclical earnings from its property development division.
KUALA LUMPUR (Dec 17): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Dec 21) include: Chemical Company of Malaysia Bhd, NWP Holdings Bhd, Pecca Group Bhd, Reservoir Link Energy Bhd, Bermaz Auto Bhd, Pegasus Heights Bhd, Hai-O Enterprise Bhd, PCCS Group Bhd, Gas Malaysia Bhd, PLS Plantation Bhd, Fintec Global Bhd, NetX Holdings Bhd, Puncak Niaga Holdings Bhd and NTPM Holdings Bhd.
Seasoned investor Pui Cheng Wui has emerged as a substantial shareholder of
Chemical Company of Malaysia Bhd (CCM) after acquiring 27.03 million shares or a 16.12% stake in the company. The move comes just a month after Batu Kawan Bhd announced the acquisition of a 56.32% stake in CCM from Permodalan Nasional Bhd. Pui’s purchase of the 16.12% stake was made in the open market on Dec 16. The block of shares would have cost him RM83.26 million based on the closing price of RM3.08 on Dec 16.