Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2024-12-17
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 10 Oct, 2024 | MGB Bhd | Undertake mixed development and residential projects on 26 acres of land in Taman Bukit Serdang, Seri Kembangan with a combined gross development value (GDV) of RM861.35 million. MGB is teaming up with Talam Transform Bhd to develop 16.5 acres of land for a mixed development project that includes commercial shop lots and affordable housing under the Rumah Selangorku scheme. MGB also signed a deal with Kandis Permai Sdn Bhd to develop 9.5 acres of Malay reserved land in the area into residential units exclusively for Bumiputera homeowners. | Operation Updates |
| 27 Sep, 2024 | Talam Transform Bhd | Proposed to consolidate every five existing shares held by its shareholders into one share, with the entitlement date to be determined later. Undertake a capital reduction by cancelling RM650 million of its issued share capital to offset accumulated losses of RM624.37 million at the group level, leaving it with retained earnings of RM24.4 million. Proposed a private placement of up to 20% of its total issued shares, which could raise RM21.33 million to repay borrowings and for working capital. | Restructuring |
| 5 Aug, 2024 | Talam Transform Bhd | Plans to dispose of a 27.72-acre piece of land in Sepang to a unit of IJM Corp Bhd as partial debt repayment. Talam Leisure Development Sdn Bhd has agreed to sell the land to Ever Mark (M) Sdn Bhd, a wholly owned subsidiary of IJM Properties Sdn Bhd. The deal involves the setting off of RM66 million of indebtedness, and a RM18 million interest waiver on the debt owed by Talam Transform to IJM Properties. | Restructuring |
| 31 Mar, 2022 | Talam Transform Bhd | Subsidiary Europlus Bhd has inked a joint venture with Janajaya Murni Sdn Bhd (JMSB) to jointly develop two parcels of land owned by Europlus in Serendah, Selangor, into a residential project with a combined gross development value of RM388.23 million. Europlus is entitled to get RM62.11 million in return for granting JMSB the exclusive right to build homes on the plots. | Operation Updates |
| 17 Nov, 2021 | Talam Transform Bhd | Selling its entire 85% stake in Jilin Province Maxcourt Hotel Ltd together with an assignment amount of creditors rights to Jilin Provincial Expressway Group Co Ltd for a combined cash sum of 72.74 million yuan (RM46.67 million). | Disposal |
| 23 Sep, 2020 | Talam Transform Bhd | Formed a JV with Smart Hybrid Resources Sdn Bhd and Skyscraper Airhydro Industries Sdn Bhd to venture into commercial melon farming business. The JV has identified a 33.9 acres site in Ulu Yam, Selangor. | Business Venture |
| 5 Oct, 2017 | Talam Transform | Contract worrth RM 36.55 million awarded to construct factory buildings and electric sub station in Dengkil, Selangor for a period of 18 months | Contract Awarded |
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