Page 4 - Perak Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

9:35 AM MYT KUALA LUMPUR: Investors took some money off the table early Thursday following the rebound with consumer stocks and glove makers among the biggest decliners. At 9.15am, the FBM KLCI was down 8.22 points or 0.49% to 1,673.19. Turnover was 1.05 billion shares valued at RM393mil. The broader market was weaker with decliners beating advancers 402 to 258 and 413 counters unchanged. At Bursa on Wednesday, foreign funds turned net buyers at RM142.7mil and local retail investors at RM26.1mil but local institutions were net sellers at RM168.9mil. Bloomberg reported Asian stocks were mixed ...

KUALA LUMPUR (Dec 17): Based on corporate announcements and news flow today, companies that may be in focus on Friday (Dec 18) include: Latitude Tree Holdings Bhd, Metronic Global Bhd, My EG Services Bhd, Dutch Lady Milk Industries Bhd, Affin Bank Bhd, Eco World Development Group Bhd, Eco World International Bhd, VS Industry Bhd, Scientex Bhd, LKL International Bhd and Perak Corp Bhd. Latitude Tree Holdings Bhd has proposed a one-for-one bonus issue of up to 97.16 million new shares plus an employees’ share scheme (ESS) of up to 10% of the total issued share capital of the company. The furn...

KUALA LUMPUR (Dec 17): Perak Corp Bhd has proposed a scheme of arrangement with its creditors that includes cash settlements worth over RM220 million, issuance of shares worth over RM30 million and a debt waiver amounting to RM544.55 million.  "The proposed scheme of arrangement is a comprehensive proposal aimed at resuscitating the financial viability of Perak Corp Group by restructuring the repayment of indebtedness due to the scheme creditors and the consequential interest servicing burden,” the group said. “This will alleviate the financial burden of Perak Corp Group and enable the g...

is selling its landbanks near Ipoh, Perak to the Social Security Organisation (Socso), as the state controlled firm seeks to raise cash and revive its ailing fortune. The company has also proposed a "comprehensive" debt settlement scheme that includes a plan to ask creditors to forgive loans worth RM544mil. "Upon the completion of the proposed regularisation scheme, the Scheme Creditors will be able to recover partial of their debt as opposed to minimal or zero recovery," Perak Corp said in a filing with Bursa Malaysia today. Perak Corp has been classified as a Practice Note 17 affected issu...