[ad_1]
KUALA LUMPUR (April 6): Here is a brief recap of some corporate announcements that made news on Thursday (April 6) involving Lingkaran Trans Kota Holdings Bhd (Litrak), ITMAX System Bhd, HB Global Ltd, MN Holdings Bhd, Jentayu Sustainables Bhd, Rhone Ma Holdings Bhd, Kulim (Malaysia) Bhd, KLCCP Stapled Group, Hektar Real Estate Investment Trust, ViTrox Corp Bhd, Ranhill Utilities Bhd, DRB-Hicom Bhd and Deleum Bhd.
Lingkaran Trans Kota Holdings Bhd (Litrak) has proposed to undertake a capital reduction and repayment involving a cash distribution of RM275.78 million on a pro-rata basis to entitled shareholders on a date to be determined later. The cash distribution may range from 50.2 sen to 50.91 sen, depending on Litrak’s share base on the entitlement date.
ITMAX System Bhd has received another three-year contract extension starting Aug 1, 2023 till July 31, 2026 from Kuala Lumpur City Hall (DBKL) worth RM52.81 million for the installation and maintenance of networked street lighting systems in Kuala Lumpur.
HB Global Ltd has acquired a local poultry firm, KK Fresh Frozen Sdn Bhd, for RM30 million via the issuance of new shares. The company is principally involved in the trading of frozen meat and poultry products such as raw chicken parts, beef cuts and lamb cuts via a business-to-business distribution model.
MN Holdings Bhd has secured an underground utilities contract worth RM13.3 million in Johor. The group said its wholly-owned subsidiary Mutu Nusantara Sdn Bhd has accepted a letter of award from Rentak Segar Sdn Bhd, appointing it to be the subcontractor to supply and install high-voltage underground cable works for two data centres in Johor.
Jentayu Sustainables Bhd said its Ohana Specialist Hospital in Setapak is closed until further notice after the revocation of its licence due to non-compliance with mandated operating procedures. Jentayu said Ohana Specialist, which was operated by its wholly-owned subsidiary Ultimate Forte Sdn Bhd, was served the notice on Wednesday.
Rhone Ma Holdings Bhd said that its joint venture (JV) with Kulim (Malaysia) Bhd had been appointed by the East Coast Economic Region Development Council to develop, operate, and manage the 275.34-hectare Jemaluang Dairy Valley in Mersing, Johor. The project, which is expected to commence operations in 2024, is targeted to produce 5.4 million litres of fresh milk annually.
KLCCP Stapled Group is expecting to deliver a “better” set of financial results this year as it is poised to benefit from the economy’s recovery momentum and the absence of the Cukai Makmur (prosperity tax). Nonetheless, executives at the stapled group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust — warned of rising costs arising from the government’s tariff rationalisation and increasing wages.
Hektar Real Estate Investment Trust (Hektar REIT) has renewed 25% of its leases ahead of their expiration this year, covering 234,000 sq ft of its total 2.05 million sq ft of retail space as of end-March. In total, there are 213 tenancies covering 962,565 sq ft expiring in 2023, representing 47.1% of the trust’s total net lettable area (NLA).
ViTrox Corp Bhd has proposed a final dividend of 4.15 sen per share for the financial year ended Dec 31, 2022 (FY2022). The entitlement and payment dates of the dividend will be announced at a later date. This brings its total dividend payout to 5.4 sen for FY2022, including the 1.25 sen interim dividend totalling RM11.81 million it paid in January this year.
Ranhill Utilities Bhd has declared a second interim dividend of two sen per share for the financial year ended Dec 31, 2022 (FY2022). The group fixed April 26 as the entitlement date, and May 15 as the payment date. The announcement brings Ranhill’s FY2022 total payout to 2.5 sen.
DRB-Hicom Bhd has proposed a dividend of two sen per share for the financial year ended Dec 31, 2022 (FY2022), with the entitlement and payment date to be announced later, This is on par with the two sen dividend paid every financial year from FY2019 to FY2021
Deleum Bhd’s group chief executive Ramanrao Abdullah has emerged as a substantial shareholder in the oil and gas services group with a 20.36% indirect stake or 81.74 million shares. Ramanrao’s deemed interest in Deleum follows the acquisition of shares by Integrity Strategic Sdn Bhd in Lantas Mutiara Sdn Bhd, which held the 20.36% stake. Deleum stated that Integrity Strategic is a corporate body controlled by Ramanrao’s children, Reshad and Zoena Ramanrao.
[ad_2]
Source link