KUALA LUMPUR (Jan 9): Here is a brief recap of some corporate announcements that made the news on Thursday.
Public Bank Bhd's (KL:PBBANK) conditional mandatory takeover offer for the remaining shares of insurer LPI Capital Bhd (KL:LPI) that it does not own has lapsed, after it failed to secure sufficient acceptances by the close of the offer on Thursday. At the close of the offer, Public Bank and its persons acting in concert (PACs) held 49.57% of LPI's total issued shares — an increase of a mere 31,100 additional shares (0.01%) from the 49.56% it held when it posted the offer on Dec 19, 2024. — Public Bank's MGO for LPI Capital closes without fulfilling 50% acceptance level
Dialog Group Bhd (KL:DIALOG) has secured the final investment decision (FID) for the field development and abandonment plan under the Baram Junior Cluster Small Field Asset Production Sharing Contract (PSC), amounting to US$235 million (RM1.02 billion). It aims to achieve first gas production within two years. The PSC spans a 14-year duration, comprising a two-year pre-development phase, a two-year development phase, and a production phase lasting 10 years or until the contract expires, whichever comes first. — Dialog secures US$235m final investment decision for Baram Junior Cluster Small Field Asset PSC
Yinson Holdings Bhd’s (KL:YINSON) third floating production storage and offloading (FPSO) vessel in Brazil — FPSO Atlanta, has achieved first oil. The vessel has been officially delivered to Brava Energia SA, and holds a 15-year firm charter which contract value is estimated at US$1.98 billion (RM8.92 billion). — Yinson's FPSO Atlanta in Brazil hits first oil
Hibiscus Petroleum Bhd (KL:HIBISCS) has awarded T7 Global Bhd (KL:T7GLOBAL) a contract to undertake maintenance, construction and modification (MCM) work for a period of six-month with an undisclosed value. — T7 Global gets six-month contract from Hibiscus Petroleum
Major shareholders of NPC Resources Bhd (KL:NPC) are in discussions about a potential proposal to privatise the Sabah-based palm oil producer at RM2.82 per share. According to a joint statement by Jubilant Ventures Sdn Bhd and NPC’s executive director and group managing director Datuk Loo Pang Kee, these discussions are exploratory and ongoing, with no certainty that the proposal will proceed. — NPC Resources' major shareholders in talks that could lead to privatisation — statement
MPHB Capital Bhd’s (KL:MPHBCAP) shares will be suspended, effective Jan 22, to facilitate the company’s selective capital reduction before it is taken private. The selective capital reduction involves a cash distribution of RM1.70 for each share held as at Jan 23. All shareholders, except for Casi Management Sdn Bhd and MWE Holdings Sdn Bhd, are entitled to the cash distribution. — MPHB Capital shares to be suspended from Jan 22 until delisting
Parkson Holdings Bhd (KL:PARKSON) has secured a 10-year tenancy agreement for its department store operations in Liupanshui, the Guizhou province of China. The tenancy will commence Jan 1, 2027, and conclude on Dec 31, 2036. Parkson noted that the Hong Kong Stock Exchange has classified the agreement as an asset acquisition amounting to 46.3 million yuan (RM28.2 million). — Parkson unit inks 10-year lease deal in Guizhou, China
Green Packet Bhd’s (KL:GPACKET) wholly-owned subsidiary Packet Interactive Sdn Bhd (PISB) has obtained a digital lending licence from the Ministry of Housing and Local Government. Same as PISB's existing money-lending licence, the new digital lending licence is valid until Aug 15, 2026. This will enable the company to expand its range of financial products and services. — Green Packet secures digital lending licence from Housing and Local Govt Ministry
Pos Malaysia Bhd’s (KL:POS) indirect wholly-owned subsidiary Pos Logistics Bhd has set a deadline of February 25 for SWA Shipping Sdn Bhd to resolve the fulfilment of the acquisition of PNSL Bhd for RM123.21 million. — SWA Shipping faces Feb 25 deadline as Pos Logistics may terminate RM123.21 mil PNSL acquisition deal
Target 1 Sdn Bhd, South Malaysia Industries Bhd’s (KL:SMI) largest shareholder with a 30.67% stake, announced on Thursday that the company’s extraordinary general meeting (EGM) proceeded as scheduled with the resolutions to appoint six new directors, including former Perak police chief Datuk Pahlawan Mior Faridalathrash Wahid, being passed. — SMI’s EGM proceeds with resolutions to appoint six new directors passed — Target 1