Kim Hin gets privatisation offer of 85 sen per share from chairman, family
The offer price represents a premium of nearly 85% over Kim Hin’s last traded price of 46 sen on July 3 before trading in the stock was suspended for the announcement.
The offer price represents a premium of nearly 85% over Kim Hin’s last traded price of 46 sen on July 3 before trading in the stock was suspended for the announcement.
Transport Minister Anthony Loke said these incidents, while understandably inconvenient for passengers, actually demonstrate the integrity and reliability of the new aerotrain’s safety systems.
Residents will be near the township’s 300-acre Central Park and the 2,700-acre Bukit Cherakah Forest Reserve.
The two contracts follow four contracts worth RM145.
Kim Hin has been in the red since the financial year ended Dec 31, 2018.
In the first three months of the year alone, national electric utility Tenaga Nasional Bhd has signed five data centre projects totalling 700 megawatts, bringing the total to 43 projects with 6,400 megawatts capacity.
The property developer, originally set up in 2013 to focus on foreign projects, in May proposed to change its name after announcing a planned pivot to the Malaysian market.
Tengku Sulaiman, 69, was appointed as executive chairman in February 2003, before being re-designated as non-executive chairman in March 2005.
“Johor has become one of Malaysia’s top investment destinations, and the official opening of Skypark Kepler comes just at the right time,” said Ang.
The decision was made after considering the prevailing market conditions and that focusing on the capital reduction would better serve the company’s immediate objectives and streamline the regulatory process, Ecobuilt said in a bourse filing on Wednesday.