News

  • Nation
  • World Updates
  • Courts
  • Parliament
  • Columnists
  • Opinion
  • Honours List

Thursday October 13, 2005

News in brief

  • PSC INDUSTRIES BHD (PSCI) has agreed to allow Limaran Logistics Sdn Bhd to foreclose 40 million shares of its subsidiary, PSC-Naval Dockyard Sdn Bhd, as final settlement of a US$31.57mil term loan granted by Credit Suisse, Labuan branch.

    PSCI said in a statement to the stock exchange it was informed by the lender that Limaran was in the process of acquiring the term loan, pending legal and regulatory clearance.

    It said the foreclosure shares represented 30.77% of PSC-Naval's paid-up capital.

    Following the foreclosure, PSCI will hold 63 million shares or 48.5% of PSC-Naval. – AFX-Asia

  • THE public portion of CONNECTCOUNTY HOLDINGS BHD'S initial public offering has been oversubscribed 44.98 times, the Malaysian Issuing House (MIH) said.

    MIH said in a statement 12,257 applications for 137.94 million shares were received, compared with the three million shares made available to the public. – AFX-Asia

  • SIN KEAN BOON GROUP BHD is proposing to change its name to METECH GROUP BHD to reflect the group's image and the identity of Metech products.

    In a statement, the company said Metech was also its trademark, which reflects the future direction of the company to strengthen its position as a manufacturer of metal related products. It added that the new name had been approved and reserved by the Companies Commission of Malaysia. – AFX-Asia

  • KEJURUTERAAN SAMUDRA TIMUR BHD said trading in its shares will be suspended on Oct 25 to facilitate a two-for-one share split. – AFX-Asia

  • The public portion of ICAPITAL.BIZ BHD's initial public offering (IPO) has been oversubscribed 11.47 times, the Malaysian Issuing House (MIH) said.

    In a statement, MIH said 6,982 applications for 37.43 million shares were received for the 3 million shares made available to the public.

    iCapital's IPO involves a public issue of 13 million shares and a private placement of 122.99 million shares. – AFX-Asia

    For latest MSEB indices, charts and other information click here

    • E-mail this story
    • Print this story

    News Poll