MALAYSIA DAYBOOK: OSK Ventures, Brahim’s, Minetech, Parkson, UMW
OSK Ventures International Bhd. (OSKV) said its board of directors has no intention to seek an alternative takeover offer for its shares, according to a stock exchange filing.
The company received a bid from OSK Equity Holdings Sdn. on Dec. 27 to buy the remaining OSK Ventures shares it doesn’t own at 58 sen apiece.
EQUITY MOVERS: * AirAsia (AIRA) : Malaysia’s Employees Provident Fund sells 7.8m shares; trimming stake to 6.8% * Astino (ASTI) : To trade ex-dividend Feb. 4; co. proposes first and final dividend of 5.68 sen/shr * Brahim’s (BRAH) : May partner ANA to provide halal meals for Middle Eastern airlines visiting Japan’s Haneda and Narita airports, the Edge reported, citing unidentified people familiar with the matter * Felda Global (FGV) : Kumpulan Wang Persaraan (Diperbadankan) buys 2.2m Felda Global shares via open market on Dec. 26-27 * Mclean (MTB) : To sell injection business machinery and inventory for 6.3m yuan ($1m) * Minetech (MINE) : Lye Ek Seang ceases to be substantial shareholder after selling 13.7m shares via off-market deal * Parkson (PKS) : Buys stake in watch retailer Watatime for 15m ringgit * UMW Holdings (UMWH) : Malaysia’s pension EPF sells 1.8m shrs; cuts stake to 14.5%
MARKETS: * Malaysia’s FTSE Bursa Malaysia KLCI Index dropped 1 percent * The MSCI Asia Pacific Index lost 0.4 percent * The Dow Jones Industrial Average rose 0.2 percent * Palm oil March-delivery futures retreated 0.3 percent
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