KUALA LUMPUR: Companies in the news include KUB, Sapura Energy
, Jetson, Pekat and Orgabio, said Apex Securities Research.
KUB Malaysia Bhd's wholly owned subsidiary KUB Agro Holdings Sdn Bhd (Kubah) is acquiring the 40% equity interest in KUB Sepadu Sdn Bhd (KUBS) not in its control from Medan Sepadu Sdn Bhd and Lembaga Amanah Kebajikan Kaum Melanau Sarawak for RM60 million.
Sapura Energy Bhd said a Mexican unit of the group has been declared bankrupt, after it had failed to restructure its debts with creditors within the stipulated time frame given by a court in that country.
Kumpulan Jetson Bhd has initiated a legal action against requisitionists of a failed attempt to call for an extraordinary general meeting to remove the entire board of directors of the construction group.
Pekat Group Bhd is selling an industrial freehold land, measuring 12,813.89 sq m, for RM21 million cash, to realise the value of the unused property, with proceeds from the sale to be used for working capital.
Orgabio Holdings Bhd has appointed Ean Yong Hian Wah, the chairman of the Port Klang Authority (PKA), as its executive chairman with immediate effect.
