CORPORATE

PRG’s Manufacturing Subsidiary Raises HKD63 Million From The Listing On Hong Kong Stock Exchange

 |  Tuesday, 17 October 2017 17:29  |  Published in CORPORATE

PRG Holdings Bhd, a Bursa Malaysia Main Market-listed investment holding Company has today successfully listed its manufacturing subsidiary – Furniweb Holdings Limited (Listco) on the Growth Enterprise Market (GEM) board of the Hong Kong Stock Exchange (HK Exchange). 

The stock has officially commenced trading under the stock code 8480.HK at the opening of trading at 9.30a.m. yesterday morning. Post listing, PRG will hold 75% stake in the enlarged share capital of Listco.

Based on the offer price of HKD0.50 per share for a total of 126 million new shares, the Listco has raised a total of HKD63 million (equivalent to approximately RM33 million). 

Shareholders Approve AFFIN Group’s Corporate Exercise

 |  Tuesday, 17 October 2017 17:27  |  Published in CORPORATE

AFFIN Holdings Berhad (AFFIN Holdings) is pleased to announce that at an Extraordinary General Meeting held today, shareholders have approved AFFIN Group’s corporate exercise which will culminate in the transfer of listing status from AFFIN Holdings to AFFIN Bank Berhad (AFFINBANK). 

The corporate exercise will entail a proposed distribution by AFFIN Holdings of its entire shareholdings in AFFINBANK by way of distribution-in-specie where the entitled shareholders of AFFIN Holdings will receive one (1) AFFINBANK share for each AFFIN Holdings share held by them on an entitlement date to be determined and announced later. 

George Kent Partner Siemens For KL-SG High Speed Rail Assetsco Tender

 |  Thursday, 12 October 2017 10:03  |  Published in CORPORATE

George Kent (Malaysia) Bhd today announced that it had on 06 October 2017, entered into a Pre-Consortium Agreement with Siemens Aktiengesellschaft, Germany and Siemens Pte Ltd, Singapore for the Kuala Lumpur – Singapore High Speed Rail (KL-SG HSR) tender.

George Kent and Siemens will form an Engineering, Procurement and Construction PreConsortium to prepare a joint offer on EPC level to the Special Purpose Company which shall bid for the development, financing, construction and technical operation and maintenance of the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) (“AssetsCo Tender").

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