<div class=newsTextDataWrapInner><p>SINGAPORE (Oct 13): Parkson Holdings Berhad (PHB) will not proceed with the sale of 457.9 million ordinary shares in the company held by wholly-owned subsidiary East Crest International.</p></div>

<div class=newsTextDataWrapInner><p>On July 15, PHB and its wholly-owned subsidiary East Crest International, entered into a sale and purchase agreement with Parkson Retail Group (PRG), a 53.1% owned subsidiary of PHB, and Oroleon (Hong Kong), a wholly-owned subsidiary of PRG, to dispose of 457.9 million ordinary shares in the company held by East Crest to Oroleon as part of an internal reorganisation of the PHB Group.</p></div>

<div class=newsTextDataWrapInner><p>However, the sale and purchase agreement and transactions contemplated were not approved at an extraordinary general meeting held by PRG on Monday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Accordingly, the transaction will not proceed.</p></div>

<div class=newsTextDataWrapInner><p>Parkson Retail Asia shares closed 1.59% lower at 31 cents on Monday.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


SINGAPORE (Oct 13): Parkson Holdings Berhad (PHB) will not proceed with the sale of 457.9 million ordinary shares in the company held by wholly-owned subsidiary East Crest International.

On July 15, PHB and its wholly-owned subsidiary East Crest International, entered into a sale and pu...

Parkson Holdings Berhad not proceeding with shares sale

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<p>Pasir Bedamar state assemblyman Woo Kah Leong has been elected DAP Socialist Youth (DAPSY) national chief for the 2024–2027 term.</p>


<p>Economy Minister Rafizi Ramli says the government expects rare earth elements (REE) to be processed in Malaysia within the next three years.</p>


<p>A framework and strategy for blue economy is being developed at the Ministry of Economy and is expected to be completed by the end of 2025, said Economy Minister Rafizi Ramli.</p>


<p>The Malaysian Anti-Corruption Commission (MACC) has summoned five Sabah state assemblymen to provide statements regarding an alleged corruption case involving a mineral project in the state.</p>


<p>Kelantan's Gross Domestic Product (GDP) grew by 2.6% to RM27.6 billion in 2023 compared to RM26.9 billion the previous year, said Menteri Besar Datuk Mohd Nassuruddin Daud.</p>


<p>The National Energy Awards (NEA), which aims to recognise the achievements and best practices of sustainable energy industry players in Malaysia, will be open for submission from Monday (Nov 18) until Feb 19 next year.</p>


<p>As stewards of our planet, Sime Darby Property embraces the responsibility to ensure a sustainable future.</p>


<p>Philip Morris International (PMI) is a well-known tobacco company with a long history. Established in 1847 in London, the company has achieved international success over the decades, with its products widely sold around the world. However, in 2016, the company made a significant decision and announced its vision of a smoke-free future.</p>
