KUALA LUMPUR (Oct 16): Here is a brief recap of some corporate announcements that made news on Monday: DXN Holdings Bhd, KNM Group Bhd, AME Real Estate Investment Trust (AME REIT), PMB Technology Bhd, Green Packet Bhd and Swift Haulage Bhd.
Health and wellness direct selling company DXN Holdings Bhd on Monday entered into a memorandum of understanding (MOU) with a unit of European Wellness Biomedical Group to explore collaboration opportunities in establishing wellness centres together. DXN said the MOU was signed with a British Virgin Islands unit called European Wellness Centers Inc (EW), which is based in Hong Kong, and deemed to be the Asia-Pacific arm of European Wellness Biomedical Group. Both parties will also engage in research and development (R&D) with universities, including the Heidelberg University of Germany, the University of California of Irvine, and local universities. DXN said the research will encompass areas such as stem cells, peptides, age reversal, immunology, and senescence cells, and will employ phyto and myco (mushroom) therapies.
Following KNM Group Bhd’s extraordinary general meeting (EGM) on Monday, the group’s chairman, Tunku Datuk Yaacob Khyra, has won the majority support of shareholders to continue with his leadership and deliver on his turnaround strategy. Tunku Yaacob thanked all shareholders for their confidence, trust and continued support. It was a clear win for Tunku Yaacob, as 184 shareholders voted against the resolution, as opposed to 151 shareholders who voted for removing him as a director. The 184 shareholders who voted against the resolution represented 62.18% of the voted shares. Meanwhile, for the other camp in the shareholders' tussle, Tunku Kamariah Aminah Maimunah Iskandariah received only 141 votes or 47.66% of voted shares to appoint her as the replacement for Tunku Yaacob.
AME Real Estate Investment Trust (AME REIT) has fully concluded its maiden post-listing acquisition exercise of three industrial properties in Iskandar Malaysia, Johor worth RM69.25 million. This comes after the completed acquisition of the third industrial property of Plot 16 at i-Park @ Indahpura in Iskandar Malaysia from its sponsor, AME Elite Consortium Bhd, for RM26.5 million.
PMB Technology Bhd is disposing of a 56,656 sq m leasehold land in Klang for RM36.59 million. Following the disposal of the land to Ong Saut Mee, a Malaysian citizen, the group is expected to have a one-off net gain of RM25.75 million, said PMB Technology. The group has proposed to use the proceeds largely to finance its working capital.
Former Prasarana Malaysia Bhd managing director Datuk Seri Dr Shahril Mokhtar has been appointed as the managing director of Green Packet Bhd effective immediately. Shahril also previously served as the chief executive officer of Mass Rapid Transit Corp Sdn Bhd (MRT Corp), overseeing the development and construction of the MRT Line 1 and Line 2 projects.
Swift Haulage Bhd is keen to be the first logistics player to transition its fleet to renewable-powered trucks, as it commits to procure only electric prime movers or trucks powered from 2030 onwards. Notably, Swift is the country's largest haulier and a leading integrated logistics service provider with a fleet of over 1,500 prime movers. The move was in conjunction with the official launch of Swift's green logistics division at the Malaysia International Trade and Exhibition Centre (Mitec). The launch represents a significant step by Swift towards sustainable and environmentally conscious logistics solutions.