CIMB Group Holdings berhad

Here is a brief recap of some corporate announcements that made the news on Friday (Jan 20) involving Maxis Bhd, Berjaya Corp Bhd, Westports Holdings Bhd, ...

Loss-making digital solutions company Green Packet Bhd is selling its entire 100% stake in software development company Xendity Sdn Bhd to Innov8tif Holdings Sdn Bhd, for RM17.5 million in cash. CIMB Group Holdings Bhd’s 94.83%-owned subsidiary CIMB Thai pcl registered a 24.3% increase in net profit for FY2022 to 3.03 billion baht (RM400 million) from 2.44 billion baht in FY2021, driven by better cost control. The estimated gain on the disposal is RM3.6 million, based on the carrying value of Xendity of RM13.9 million. KNM Group Bhd has proposed a private placement to raise as much as RM18.38 million for working capital requirements and expenses related to the restructuring and formulation of its regularisation plan. Assuming all 113.77 million warrants are exercised, the group is expected to raise gross proceeds of RM56.88 million, which will be utilised for Muar Ban Lee’s working capital. Maxis Bhd, the only major mobile network operator (MNO) which has yet to execute the access agreement (AA) for 5G service, will postpone seeking its shareholders' approval on the entry into a 5G AA with Digital Nasional Bhd until the government finalises the 5G implementation policy. Berjaya Corp Bhd (BCorp) founder and major shareholder Tan Sri Vincent Tan Chee Yioun has pared his stake in the group to 21.317%, inching closer to his target of 19.6% by end-January. BODL is the entity that currently owns an operating 41.5MW offshore wind farm located off the northeast coast of England, in partnership with EDF Renewables — the renewable energy arm of French state-owned utility company, Électricité de France. Muar Ban Lee Group Bhd has proposed to undertake a bonus issue of 113.77 million warrants on the basis of one warrant for every two existing ordinary shares. The shareholding pare down is towards complying with Section 92 of the Financial Services Act 2013, which states that individuals shall hold no more than a 10% stake in a financial institution. For the full year, Westports’ net profit was RM699.58 million, a decrease of 13.44% from RM808.22 million in FY2021 amid higher fuel costs, lower sundry income, and the one-off prosperity tax. KUALA LUMPUR (Jan 20): Here is a brief recap of some corporate announcements that made the news on Friday (Jan 20) involving Maxis Bhd, Berjaya Corp Bhd, Westports Holdings Bhd, Tenaga Nasional Bhd, CIMB Group Holdings Bhd, KNM Group Bhd, Muar Ban Lee Group Bhd and Green Packet Bhd.