Tong Herr shareholders push RM2.55 privatisation bid
Major shareholders controlling 74.5% of Tong Herr are proposing to privatise the fasteners and extrusions manufacturer at RM2.55 per share, a significant premium to recent trading prices.
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Bursa Malaysia Penalises Meridian and Executive Director for Delayed Financial Disclosures
Bursa Malaysia has publicly reprimanded Meridian and fined its executive director Tang for failing to submit audited financial statements on time, depriving investors of critical financial information for extended periods.
CHGP to Acquire Prime KL Land for RM455 Million
Property developer CHGP is acquiring a prime freehold site in Kuala Lumpur's KLCC precinct for RM455 million, strengthening its landbank with an approved mixed-use development opportunity featuring a plot ratio of 15.99.
MACC Investigation into HG Power Transmission Concludes, Seizure Orders Lifted
Rohas Maddin has announced the completion of a Malaysian Anti-Corruption Commission investigation into HG Power Transmission, with all seizure orders now withdrawn and no additional enforcement measures anticipated.
MACC Clears Rohas Tecnic's Power Unit After Investigation
The Malaysian Anti-Corruption Commission has concluded its investigation into HG Power Transmission, a unit 86.8% owned by Rohas Tecnic Bhd, with no charges to be laid against the company or its officers.
Ajinomoto Malaysia to be Taken Private in RM603.4 Million Delisting Bid
Ajinomoto Co Inc, which holds 50.38% of Ajinomoto (Malaysia) Bhd, is moving to take the monosodium glutamate producer private through a RM603.4 million capital reduction scheme, offering minority shareholders RM20 per share.