NEWS IN BRIEF: MAY 18, 2022

DYNACIATE GROUP BHD has proposed to change its name to Ingenieur Gudang Bhd.

In a filing with Bursa Malaysia today, Dynaciate said the proposed name had been approved and reserved by the Companies Commission of Malaysia on May 17, 2022. 

“The proposed change of name is subjected to the approval of the shareholders of the company at an extraordinary general meeting to be convened at a date to be announced later,” added the industry engineering, procurement and construction solution provider. 

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-- BERNAMA

SINARAN ADVANCE GROUP BHD announced that a memorandum of agreement between its wholly-owned subsidiary, K Star Healthcare Sdn Bhd, and Kanger International Bhd to appoint K Star as a sale agent for COVID-19 vaccines in Malaysia has been terminated.

In a filing with Bursa Malaysia today, Sinaran Advance, which is a sports footwear and apparel maker, said the termination, on May 17, 2022, would not have any material effect on its earnings and net assets for the financial year ending Dec 31, 2022.

-- BERNAMA

LANDMARKS BHD said its external auditor, KPMG PLT, has expressed their unqualified opinion with material uncertainty related to the company’s audited financial statements for the financial year ended Dec 31, 2021.

In a filing with Bursa Malaysia today, Landmarks said the company has conducted its audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing.

“Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the audit of the financial statements section of our auditor’s report.

“We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion,” said the resort and property developer.

-- BERNAMA

KANGER INTERNATIONAL BHD has terminated a memorandum of understanding with the government and Sabah state government to distribute COVID-19 vaccines in Malaysia.

In a filing with Bursa Malaysia today, Kanger said it also terminated a collaboration on vaccine distribution with Zuellig Pharma Sdn Bhd. 

-- BERNAMA