EVENING 5: Five things you need to know today

TheEdge Tue, Mar 26, 2024 10:41pm - 1 month View Original

EVENING 5: Yinson major shareholder triggers MGO in Icon Offshore

Here’s a quick look at some of the stories that made headlines today.

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1. Yinson Holdings Bhd’s major shareholder has launched an unconditional takeover offer to acquire a 50.2% stake in Icon Offshore Bhd for RM172.72 million, cash.

2. A merger between JF Apex Securities Bhd — a unit of locally listed Apex Equity Holdings Bhd — and Mercury Securities Sdn Bhd was lawful and had not oppressed the rights of minority shareholders, the Federal Court ruled on Tuesday.

3. KK Supermart & Superstore Sdn Bhd, its founder and executive chairman Datuk Seri Dr Chai Kee Kan, his wife Datin Seri Loh Siew Mui and four others were separately charged with intentionally wounding the religious feelings of Muslims over the display of socks bearing the word "Allah" at a KK Mart 24-hour convenience store.

4. Oil and gas services firm Keyfield International Bhd plans to acquire new vessels to ride on growing demand from local oil and gas firms, subsequent to its initial public offering.

5. MCE Holdings Bhd, through its wholly-owned unit Multi-Code Electronics Industries (M) Bhd, has secured contracts to supply electronic and mechatronics parts for a Proton car model.

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