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Analysts are positive on the recent developments from Ann Joo Resources Bhd (Ann Joo) which says it has acquired the remaining 67,500 shares for Konsortia Etiqa Sdn Bhd (KESB) from Datuk Ong Tee Thong.
PETALING JAYA: Analysts are positive on the recent developments from Ann Joo Resources Bhd, which recently said it acquired the remaining 67,500 shares in Konsortia Etiqa Sdn Bhd (KESB) from Datuk Ong Tee Thong.
KUALA LUMPUR: Ann Joo Resources Bhd has proposed to acquire 67,500 ordinary shares, representing a 45% stake in Konsortia Etiqa Sdn Bhd (KESB) for RM96mil cash.
Ann Joo Resources Bhd’s wholly-owned subsidiary, Ann Joo Management Services Sdn Bhd, has entered into a share purchase agreement with Datuk Ong Tee Thong to acquire the remaining 67,500 ordinary shares in Konsortia Etiqa Sdn Bhd (KESB) for a cash consideration of RM96mil.
KUALA LUMPUR: Here is a recap of the announcement that made headlines in Corporate Malaysia.
PETALING JAYA: Ann Joo Resources Bhd’s recent contract win for the design and construction of electrification works for the East Coast Rail Link (ECRL) feeder stations is seen as a positive step, as it marks Ann Joo’s entry into the utility-infrastructure sector.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: Ann Joo Resources Bhd's wholly-owned subsidiary Ann Joo Metal Sdn Bhd in consortium with Indonesia's PT Lumintu Insan Mandiri has secured the design and build project for electrification of East Coast Rail Link (ECRL) feeder stations.
Ann Joo Resources Bhd’s 55% indirect subsidiary, Konsortia Etiqa Sdn Bhd (KESB), has acquired 102,000 shares in Perfect Channel Sdn Bhd (PCSB) from Kinsteel Bhd for RM10mil cash.
KUALA LUMPUR: Here is a summary of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: Here is a recap of the announcements that made headlines on Corporate Malaysia.
KUALA LUMPUR: Ann Joo Resources Bhd may no longer be able to enjoy the robust margins it had seen in 2021 as the uptrend in steel prices has ended.
PETALING JAYA: Several companies have been announcing significant land deals within the industrial property space recently, as they look to capitalise on its growing demand and popularity.
KUALA LUMPUR: Ann Joo Resources Bhd’s shares dipped over 5% in early trade Tuesday after reporting a 68% fall in its net profit in the fourth quarter ended Dec 31, 2020.
PETALING JAYA: Ann Joo Resource Bhd will focus on its export market amid uncertainties in the domestic market.
SINGAPORE: The mother of a teenager killed in an accident in Joo Chiat said she felt relief when State Coroner Adam Nakhoda concluded on Monday (Jan 27) that no foul play was suspected in the incident.
KUALA LUMPUR: Ann Joo Resources Bhd turned in a huge profit in the first quarter thanks to rising steel prices and stronger export demand.
KUALA LUMPUR: Ann Joo Resources Bhd's share price may be overdone despite the positive surprise in 4QFY20, which resulted in an unexpected turnaround in earnings.
