Friday 29 Mar 2024
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KUALA LUMPUR (Sept 25): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Sept 26) include: Carlsberg Brewery Malaysia Bhd, Enra Group Bhd, Ni Hsin Resources Bhd, G3 Global Bhd, HB Global Ltd and Axis Real Estate Investment Trust (Axis REIT).

Carlsberg Brewery Malaysia Bhd has appointed Stefano Clini as its managing director, effective Oct 26, who will succeed outgoing managing director Ted Akiskalos.

Currently, Clini is also managing director of Carlsberg Vietnam Breweries Ltd, a position held since September 2017.

Enra Group Bhd’s unit is acquiring a 15 year-old oil and chemical tanker with a net tonnage of 10,216 tonnes for US$9.3 million or RM38.87 million cash from Copenhagen-based Maersk Product Tankers A/S, for the purchase of the tanker known as Maersk Edgar.

Stainless steel cookware maker Ni Hsin Resources Bhd plans to invest RM10 million in Satumarin Sdn Bhd to expand into the marine and oil and gas (O&G) sectors, following the announcement that the group agreed to buy a 49% stake for RM735,000 in Satumarin.

The bumiputera company also holds the license to supply products and services to exploration and O&G companies in Malaysia issued by Petronas.

G3 Global Bhd has submitted a tender offer to Technology Park Malaysia for the development of a piece of land there but has yet to receive any official decision on the matter. The tender was submitted on June 14.

It was responding to a report in The Star today, quoting an unnamed property industry which said G3 and its partners had secured a piece of land in TPM to build their iconic AI park.

HB Global Ltd, a China-based frozen food maker, will no longer be classified as a PN17 company effective tomorrow.

Bursa Malaysia had approved an application by the company for a waiver from complying with Paragraph 8.04(3)(a) and Practice Note 17 of the Main Market listing requirements.

Axis Real Estate Investment Trust (Axis REIT) is planning to acquire a single-storey warehouse-cum-office building in Johor for RM65 million cash from Rancak Beta Sdn Bhd.

It will be funded by its existing bank financing, and it will not assume any liability pursuant to the property. Thus, the proposed debt financing will increase Axis REIT’s gearing ratio to 38.7% of audited total assets as at Dec 31, 2018.

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