Latest news with #AmBank(M)Bhd
The Star
3 days ago
- Business
- The Star
A1 AKK inks agreement with AmInvestment Bank
From left: AmBank (M) Bhd head of commercial banking, southern region 1, Ng Pix-Xie; AmInvestment Bank Bhd head of corporate finance Jason Lam Chi-Wye; CEO Christopher Ng Kok Wai; AmBank Group business banking managing director Christopher Yap Huey Wen; A1 AK Koh Group non-independent managing director Koh Ah Kuan; CEO Koh Lian Jie; and chief operating officer Koh Chung Jie. KUALA LUMPUR: ACE Market-bound A1 AK Koh Group Bhd (A1 AKK) has entered into an agreement with AmInvestment Bank Bhd to underwrite 50.4 million shares offered to the Malaysian public and those eligible under pink form allocations. The processed food and beverage company is issuing up to 109.2 million new shares and offering for sale up to 109.2 million existing shares, each representing 13% of the company's enlarged number of 840 million issue shares. There will be 50.4 million public issue shares under the retail offering Of this amount, 42 million shares will be made available to the Malaysian public, while the remaining 8.4 million will be allocated to eligible directors, employees and business associates of the company and its subsidiaries. Separately, the 58.8 million new shares under the public issue will be allocated to institutional and selected investors through a private placement exercise. Of the 109.2 million existing shares offered for sale, 105 million shares will be made available for subscription by identified Bumiputera investors approved by the Investment, Trade and Industry Ministry and the remaining 4.2 million shares for subscription by institutional and selected investors, both by way of private placement. 'The listing represents a strategic move to accelerate the group's expansion plans, broaden its distribution networks and market visibility, and allow it to pursue innovation-driven growth initiatives that align with evolving consumer preferences in the competitive food and beverage landscape,' said A1 AKK non-independent managing director Koh Ah Kuan in a statement. AmInvestment Bank is the appointed principal adviser, sponsor, underwriter and placement agent for A1 AKK's listing on the ACE Market.
The Star
3 days ago
- Business
- The Star
A1 AK Koh signs underwriting agreement with AmInvestment Bank for ACE Market IPO
From left: AmBank (M) Bhd head of commercial banking, southern region 1, Ng Pix-Xie; AmInvestment Bank Bhd head of corporate finance Jason Lam Chi-Wye; CEO Christopher Ng Kok Wai; AmBank Group business banking managing director Christopher Yap Huey Wen; A1 AK Koh Group non-independent managing director Koh Ah Kuan; CEO Koh Lian Jie; and chief operating officer Koh Chung Jie KUALA LUMPUR: ACE Market-bound A1 AK Koh Group Bhd (A1 AKK) has entered into an agreement with AmInvestment Bank Bhd to underwrite 50.4 million shares offered to the Malaysian public and those eligible under pink form allocations. The processed food and beverage company is issuing up to 109.2 million new shares and offering for sale up to 109.2 million existing shares, each representing 13% of the company's enlarged number of 840 million issue shares. There will be 50.4 million public issue shares under the retail offering - of which 42 million will be made available to the Malaysian public while 8.4 million will be allocated to eligible directors, employees and business associates of the company and its subsidiaries. Separately, the 58,800,000 new shares under the public issue will be placed out to institutional and selected investors by way of private placement. Of the 109.2 million existing shares offered for sale, 105 million shares will be made available for subscription by identified Bumiputera investors approved by the Ministry of Investment, Trade and Industry of Malaysia (Miti) and the remaining 4.2 million shares for subscription by institutional and selected investors, both by way of private placement. "The listing represents a strategic move to accelerate the group's expansion plans, broaden its distribution networks and market visibility, and allows it to pursue innovation-driven growth initiatives that align with evolving consumer preferences in the competitive F&B landscape," said A1 AKK non-independent managing director Koh Ah Kuan in a statement. AmInvestment Bank is the appointed principal adviser, sponsor, underwriter and placement agent for A1 AKK's listing on the ACE Market.
The Star
23-04-2025
- Business
- The Star
Trading ideas: AmBank, Nestle, MGB, Southern Steel, DPS, Scanwolf, Norges, Reach Ten, Alpha IVF, Aneka Jaringan
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. AmBank (M) Bhd is taking legal action to auction off a property in Bandar Kundang, Rawang, owned by the late Kee Kok Thiam, a former aide to fugitive businessman Low Taek Jho, to recover a housing loan of RM1mn. Nestle (Malaysia) Bhd has partnered with KDEB Waste Management Sdn Bhd to enhance its efforts in addressing plastic waste through sustainable solutions. MGB Bhd is proposing to settle RM7.2mn with joint venture partner Aset AZG Sdn Bhd to kickstart a serviced apartment project in Cameron Highlands which has been on the back burner for six years. Southern Steel Bhd is disposing of a 55% stake, comprising 12.8mn shares in its subsidiary Southern Steel Mesh Sdn Bhd to Singapore-based BRC Asia Ltd for RM61.1mn in cash. DPS Resources Bhd is partnering with Invest Energy Sdn Bhd to develop solar farms and other infrastructure to support its proposed artificial intelligence data centre and high-tech industrial park in Alor Gajah, Melaka. Scanwolf Corp Bhd has secured a letter of award from Asianmax Corporation Sdn Bhd for the relocation of water supply in Gombak, Selangor, worth RM16.6mn. Norges Bank, which manages Norway's government pension fund, has emerged as a substantial shareholder in automated test equipment maker Pentamaster Corp Bhd with a 5.3% stake. Reach Ten Holdings Bhd's IPO shares have been oversubscribed by 1.85 times ahead of its listing on the Main Market of Bursa Malaysia next month. Alpha IVF Group Bhd posted a 12.4% YoY decline in net profit for its third quarter, dragged by expansion costs and lower contributions from its Singapore operations. Aneka Jaringan Holdings Bhd posted a net profit of RM749,000 for 2Q25, up from RM121,000 in the same period last year. Revenue rose 23.5% YoY to RM67mn, supported by stronger contributions from ongoing projects and improved execution efficiency in both Malaysia and Indonesia.
