Malaysia Pacific Corp losses widen in Q4 thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Notable filings
BETWEEN Jan 11 and 15, notable shareholding changes took place at several companies listed on Bursa Malaysia, including
Bintai Kinden Corp Bhd, a mechanical and electrical engineering firm that is venturing into the healthcare sector by distributing a Covid-19 vaccine in Southeast Asia.
In a Jan 11 filing, loss-making Bintai Kinden said Handal Jayabina Sdn Bhd had ceased to be a substantial shareholder after divesting 15 million shares or a 3.93% stake on the open market on Jan 7. It is worth noting that Melaka-based Handal Jayabina had just emerged as a substantial shareholder on Jan 6.
As part settlement of outstanding debts owed by Optimal Property Management Sdn Bhd, a wholly-owned subsidiary of Bintai Kinden, 31.8 million shares representing a direct stake of 8.32% were issued to Handal Jayabina. Following the divestment on Jan 7, it is estimated that it still holds about 4.39% of Bintai Kinden.
KUALA LUMPUR (Dec 24): Property firm Malaysia Pacific Corp Bhd s (MPCorp) sub-subsidiary Taman Bandar Baru Masai Sdn Bhd (TBBMSB) has been served with a notice of application yesterday by trustee company Amanahraya Development Sdn Bhd.
In a bourse filing, MPCorp said the application has been fixed for case management on Jan 17, 2021 at the High Court.
Under the application, Amanahraya is seeking court approval to be given leave to vary the terms of a court order filed on Feb 29, 2016.
The trustee company is also seeking to revise the sum owed by TBBMSB amounting to RM115 million as at Jan 31, 2016 to RM155.16 million as at Nov 3, 2020, as well as cost and such other relief that the court deems fit and proper.