KUALA LUMPUR (Jan 15): Seacera Group Bhd is selling a 72,770 square metre land in Taiping, Perak, to AT Systematization Bhd’s glove unit for RM10.5 million.
The land being sold to AT Glove Engineering Sdn Bhd was valued at RM11.7 million by an independent valuer in June 2015, Seacera said in a filing to Bursa Malaysia.
“The proposed disposal is to divest some assets in raising cash to repay creditors and bank loans,” the group said, adding that the proceeds would also be used for working capital requirements.
The deal is deemed to be a related party transaction because Asiabio Capital Sdn Bhd (ACSB) is a major shareholder of Seacera and AT Systematization.
The main index of Bursa Malaysia struggled to hold on to its gains at the midday break today as index-linked glove makers retreated, while broader market sentiment was mixed as investors appeared to have digested clarity of the country’s state of emergency and second movement control order (MCO 2.0) rules.
KUALA LUMPUR (Jan 13): AE Multi Holdings Bhd has bagged another project to set up the production facility for PNE PCB Bhd, a new entrant to the rubber glove industry.
The company filed its press statement to Bursa Malaysia announcing that its unit AE Multi Industries Sdn Bhd has received a letter of award from PNE Glove Sdn Bhd a unit of PNE PCB Bhd to design, build and deliver on a turnkey basis a glove-manufacturing factory of up to 59,000 square feet within eight months.
The factory will have the capacity to house up to 10 glove-dipping lines for the sole-purpose of manufacturing medical grade nitrile gloves, said AE Multi.
KUALA LUMPUR (Dec 30): STYL Associates PLT has resigned as the auditor of G Capital Bhd, effective today.
This is the latest company listed on Bursa Malaysia that has announced the resignation of its auditor this month.
In a filing with the bourse, loss-making G Capital said it received a notice in writing for the auditor s voluntary resignation, with the latter citing the unavailability of resources to manage the engagement. Save for the above, the board is not aware of any matters that need to be brought to the attention of the shareholders of the company. The company has identified Messrs UHY (AF 1411) as the replacement auditors. However, the appointment can only be finalised upon receiving the letter of consent to act as auditors of the company, said the group.
At 10am, the FBM KLCI had jumped 11.14 points to 1,652.31.
Market breadth was positive with 536 gainers and 370 losers, while 402 counters traded unchanged. Trading volume was 2.67 billion shares valued at RM929.45 million.
The top gainers included KPower Bhd, Public Bank Bhd, CN Asia Corp Bhd, Greatech Technology Bhd, Carlsberg Brewery Malaysia Bhd, Ajinomoto (Malaysia) Bhd, Batu Kawan Bhd, Hong Leong Financial Group Bhd and JF Technology Bhd.
The actively traded stocks included AT Systematization Bhd, Fintec Global Bhd, Land & General Bhd and Iris Corp Bhd.
The decliners included Nestle (Malaysia) Bhd, Supermax Corp Bhd, Dutch Lady Milk Industries Bhd, Lii Hen Industries Bhd, AEON Credit Service (M) Bhd, Top Glove Corp Bhd and QL Resources Bhd.