KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Maxis Bhd
is considering buying out U Mobile Sdn Bhd to help it expand in Malaysia, according to people with knowledge of the matter.
The takeover offer for Malaysia Airports Holdings Bhd is expected to be finalised in the third quarter of this year, and will need to be approved by at least 90% of MAHB's existing shareholders.
Vestland Bhd is acquiring office suites in Selangor and industrial warehouses in Sabah for a total of RM25.0mn.
The public issue of Kucingko Bhd's IPO of 25mn shares made available to the Malaysian public has been oversubscribed 99.0 times.
The consortium of Sea Ltd, which is the parent company of eCommerce platform Shopee, and YTL Power International Bhd's unit YTL Digital Capital Sdn Bhd, will launch its digital bank by the end of this year.
Lion Group and Samsung SDS have signed a MoU to collaborate on implementing an innovative logistics optimisation system aimed at enhancing operational efficiency.
Sarawak Cable Bhd said its chief financial officer, Teoh Wen Jinq, has resigned due to personal reasons, without elaborating.
