The Edge

KUALA LUMPUR (June 5): The mandatory general offer (MGO) by Pineapple Resources Bhd’s (KL:PINEAPP) largest shareholder, Gan Kok Xan, has closed, with acceptances of 7.56% increasing his and parties acting in concert’s stake to 71.42%. The 84-sen offer increased the combined stake of Gan and Yeoh Guan Fook, to 71.42% from 63.86% when the offer was

KUALA LUMPUR (June 5): Talam Transform Bhd (KL:TALAMT) said it is obtaining legal advice on a lawsuit seeking to stop the company and its directors from taking any action that could affect the outcome of an upcoming extraordinary general meeting (EGM) aimed at removing the entire board. The property developer and its directors received the writ of

KUALA LUMPUR (June 5): Property developer Yong Tai Bhd (KL:YONGTAI) has applied for a fourth six-month extension to submit its draft circular for the proposed RM160 million sale of Courtyard by Marriott Melaka, nearly two years after the deal was announced.  The group said it had not yet submitted the draft circular to shareholders as of June 5, i

KUALA LUMPUR (June 5): Sentoria Group Bhd's (KL:SNTORIA) shares will be delisted from the Main Market of Bursa Malaysia on June 16, the company said following failure to submit its regularisation plan within the extended deadline of June 3. The shares will remain suspended from June 12, the property developer added in a bourse filing on Friday. S

KUALA LUMPUR (June 5): The Employees Provident Fund (EPF) has emerged as a substantial shareholder of QL Resources Bhd (KL:QL), following its latest acquisition of shares in the poultry farming and feedstuff trading company. The pension fund’s shareholding crossed the 5% disclosure threshold after it acquired nearly 36 million shares, equivalent t

KUALA LUMPUR (June 5): Well Chip Group Bhd (KL:WELLCHIP) has proposed a rights issue to raise up to RM120 million to fund the opening of new pawnshops and raise cash capital for pawn loans. The issuance, involving up to 120 million shares, will be made on the basis of one share for every five existing shares held, the pawnbroker and gold retailer

KUALA LUMPUR (June 5): Bina Puri Holdings Bhd (KL:BPURI) has defended its decision to complete its acquisition of a water treatment contractor prior to the finalisation of legal, financial and operational due diligence, saying contractual safeguards in a supplemental agreement were sufficient. The group said early completion of the acquisition of

KUALA LUMPUR (June 5): Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) group chief executive officer Nasution Mohamed has been appointed chairman of Velesto Energy Bhd (KL:VELESTO) with immediate effect. Nasution, 54, succeeds Mohd Rashid Mohd Yusof, who retired on Thursday (June 4) following the conclusion of the group’s annual general meeting.