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KUALA LUMPUR: Knusford Bhd has agreed to dispose of a provisional 25,625.48 sqm of freehold land and buildings in Klang, Selangor, to Emerald Plan Sdn Bhd for RM28mil cash.
Ekovest Bhd has obtained approval from the Employees Provident Fund (EPF) an extension of up to two years to facilitate and implement exit plan for the company from its investment in Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd, the concessionaire of Duke highway.
KUALA LUMPUR (Jan 4): Ekovest Bhd and Iskandar Waterfront City Bhd (IWCity), two companies linked to tycoon Tan Sri Lim Kang Hoo, were among Bursa Malaysia’s most actively traded counters on Thursday.
Ekovest Bhd’s shares slid during early trade on Monday, after it entered into binding heads of merger agreement (HOA) with major shareholders Tan Sri Lim Kang Hoo and sister company Knusford Bhd last Friday.
KUALA LUMPUR: Ekovest Bhd has proposed to dispose of its entire stake in wholly-owned construction arm, Ekovest Construction Sdn Bhd (ECSB), to Knusford Bhd for RM450mil.
Ekovest Bhd has entered into binding heads of merger agreement (HOA) with its major shareholders, Tan Sri Lim Kang Hoo and another sister company, Knusford Bhd, as part of a proposed consolidation exercise to streamline the tycoon’s shareholdings in a group of companies.
TAN Sri Lim Kang Hoo’s proposal announced last Wednesday to reorganise various businesses and assets owned by him and related parties marks another of the tycoon’s attempts to monetise the massive land bank held under Iskandar Waterfront Holdings Sdn Bhd (IWH).
IWH, which is 63% owned b...
KUALA LUMPUR (Oct 5): theedgemalaysia.com highlighted six stocks with momentum during Bursa Malaysia’s afternoon session on Thursday. Two stocks displayed positive momentum, while the other four indicated negative momentum.
Eearlier this week, construction and property mogul Tan Sri Lim Kang Hoo set tongues wagging in the local investment scene when he announced his intention to undertake a reorganisation, rationalisation and merger proposals of companies in which he has majority stakes.