CORPORATE

Serba Dinamik Holdings to Buy 40% Stake In Maju Holdings

 |  Tuesday, 06 February 2018 13:19  |  Published in CORPORATE

Serba Dinamik Holdings Bhd, a wholly-owned subsidiary of Serba Dinamik Group Bhd (SDGB), has entered a memorandum of agreement (MoA) with Maju Holdings Sdn Bhd for the acquisition of 40 per cent equity stake in Maju Renewable Energy Sdn Bhd, Maju RE (Talang) Sdn Bhd and Maju RE (Temenggor) Sdn Bhd from Maju Holdings Sdn Bhd for RM24.85 million.

Maju currently owns 70% of the paid-up share capital in each of the target companies, and the remaining 30% shareholding is held by Perak Hydro Renewable Energy Corporation Sdn Bhd.

Sunzen Reconsiders Proposed Acquisition Plans Of Ecolite Biotech Manufacturing

 |  Monday, 29 January 2018 16:37  |  Published in CORPORATE

Sunzen Biotech Berhad has re-entered into a share sale agreement (“SSA”) with the vendors of Ecolite Biotech Manufacturing Sdn Bhd (“Ecolite”) for the acquisition of 70% of the total number of issued shares in Ecolite, for the same purchase consideration of RM12,050,360 (“Proposed Acquisition”) to be wholly satisfied by the allotment and issuance of 40,848,678 new ordinary shares in SUNZEN at an issue price of RM0.295 per SUNZEN Share.

Ecolite is a health and wellness company that is primarily involved in the manufacturing and trading of traditional Chinese medicines and herbal health foods and beverages. 

Danajamin Guarantees Liquidity Support for Skyworld

 |  Monday, 11 December 2017 11:30  |  Published in CORPORATE

Danajamin Nasional Berhad (Danajamin), the Financial Guarantee Insurer, announced that it is guaranteeing a credit enhancement facility for Tranche 1 of the 12-year RM600 million Sukuk Musharakah Islamic Medium-Term Note (IMTN) Programme to be issued by SkyWorld Capital Berhad (Issuer), a sole-purpose vehicle wholly-owned by SkyWorld Development Sdn Bhd (SkyWorld). The credit enhancement facility is required in order for Tranche 1 of the IMTN to be accorded a AA3/Stable rating by RAM Rating Services Berhad in the Sukuk market.

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