KLCI chart reading : side way range bound.
KLK: Sells remaining stake in Callebaut. KLKs wholly-owned subsidiary, KL-Kepong Industrial Holdings Sdn Bhd, has disposed of its remaining 40% interest consisting of 14m ordinary shares of RM1 each in Barry Callebaut Malaysia Sdn Bhd to Luijckx BV for RM117m cash. (Source: Bursa Malaysia)
O&G: MMHE keen on Sime Darbys O&G assets? Malaysia Marine and Heavy Engineering Bhd (MMHE) is believed to be looking at taking over either some or all of the assets of Sime Darbys oil and gas unit. (Source: The Edge Financial Weekly)
RHB: Nod unlikely for private firm. Bank Negara is believed not likely to approve the entry of a private equity firm into RHB Capital Bhd, following the troubled history of Hong-Kong based Primus Pacific Partners at EON Bank. (Source: The Star)
Ramunia: Looking at UMWs rigs? Ramunia Holdings Bhd could be eyeing some UMW Holdings Bhds O&G assets which is driven by Lembaga Tabung Haji, Ramunias main shareholder. (Source: The Edge Financial Weekly)
Sarawak Plantation: Salcra may become largest shareholder. The Sarawak Land Consolidation and Rehabilitation Authority (Salcra) could be eyeing a 30.3% stake in Sarawak Plantation Bhd now held by private company Cermat Ceria Sdn Bhd. (Source: The Edge Financial Weekly)
Pos Malaysia: Khazanah sells stake to DRB-HICOM. Khazanah Nasional Bhd will divest its strategic stake of 32.2% in Pos Malaysia Bhd to DRB-Hicom Bhd at RM3.60 per share or RM622.8m. (Source: The Star)
Jerneh Asia: To push for special dividend? Jerneh Asia Bhd, which essentially announced a proposed reverse-takeover (RTO) exercise as part of its regularisation scheme last Thursday, can now seek to reward existing shareholders with a special dividend payout from the sale of its general insurance unit last year. (Source: The Star)
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