KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Capital A Bhd
has clarified that Bursa Malaysia’s decision not to approve its request for an extension to complete the implementation of its distribution of AirAsia X Bhd’s shares to its shareholders will not materially affect the group’s ongoing corporate exercises.
Iconic Worldwide Bhd said its wholly-owned subsidiary Iconic Medicare Sdn Bhd has rented out its Batu Kawan factory in Seberang Perai, Pulau Pinang, to optical modules contract manufacturer Aperion Technologies (Malaysia) Sdn Bhd for rental revenue of at least RM75.6mn over a 6-year term.
UEM Group Bhd’s plan to take UEM Edgenta Bhd private is advancing, with the board of UEM Edgenta set to table the proposed selective capital reduction and repayment exercise at RM1.10 a share for shareholders' approval.
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