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News in brief: July 5, 2022

05/07/2022 08:50 PM

FLEXIDYNAMIC HOLDINGS BHD’s wholly-owned subsidiary, Flexidynamic Engineering Sdn Bhd has entered into a sale and purchase agreement with Eraglo Properties Sdn Bhd to acquire industrial land in Selangor for RM4.89 million. 

In a filing with Bursa Malaysia today, the company said the proposed acquisition of the piece of freehold land and together with a single-storey semi-detached factory is to expand the manufacturing floor space of the group to enable more in-house manufacturing works for parts and components used in the group’s on-line glove chlorination systems.

“Also, the property is strategically located as it is adjacent to its existing factory in Banting,” Flexidynamic said. 



CEKD BHD has entered into a share purchase agreement with Tham Choon Sarn for the acquisition of 410,003 ordinary shares in Worlwide Die Cutting Mould Sdn Bhd for RM6.23 million.

In a filing with Bursa Malaysia today, the company said the proposed acquisition is for its business expansion plan and provides visibility of earnings.

“The proposed acquisition, representing 82 per cent of the total number of issued shares, will enable the company to expand its footprint in overseas markets as well as in the local market, especially the corrugated industry.

“In the collaboration of CEKD’s strengths, strategy and with the proposed acquisition, the company is able to move in an efficient and effective manner to cater for the growth of the die-cutting market in Malaysia,” it said. 



KYM HOLDINGS BHD (KYM) announced that its non-independent and non-executive chairman Datuk Seri Isahak Yeop Mohamad Shar shall step down from the board effective today, after helming the group for almost 16 years.

In a statement today, KYM said the founder of KYM Group Datuk Lim Kheng Yew, also decided to retire today after almost four decades of service, since 1982.

It said Lim Tze Thean assumed the positions of executive chairman and chief executive officer in the interim to ensure a smooth leadership transition.

The company also announced the resignation of two independent directors, namely Datuk Seri Mohamad Othman Zainal Azim and Datuk Seri Rahadian Mahmud Mohamad Khalil and the appointment of a new independent director to its board, namely Lee Li Choon, effective today.



HONG LEONG CAPITAL BHD announced that the shareholdings in the company held by foreigners are 2.56 per cent, as at June 30, 2022.

In a filing with Bursa Malaysia today, the company said the announcement is to inform Bursa Malaysia Securities Bhd.



SYARIKAT TAKAFUL MALAYSIA KELUARGA BHD announced that a total of 74,806,655 ordinary shares representing 8.93 per cent of the issued and paid-up capital of the company were held by foreigners, as at June 30, 2022.

In a filing with Bursa Malaysia today, the company said the percentage is within 30 per cent of the prescribed limit allowed to be held by foreigners under the company’s constitution.



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