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Rm1 target archive

KUALA LUMPUR: Private equity firm
Creador Sdn Bhd founder and chief executive officer (CEO) Brahmal Vasudevan has emerged as Gabungan AQRS Bhd’s substantial shareholder.

In a filing with Bursa Malaysia yesterday, Gabungan AQRS said Brahmal, on the same day, acquired an indirect stake of 178,700 shares, bringing his total shareholding in the property and construction player to 5.07% or 23.11 million shares.

After the transaction, Brahmal had 0.44 % direct and 4.63% indirect stakes in the company.

Gabungan AQRS shares fell over 50% immediately after the 14th general election (GE14) on concerns over the government’s plan to review mega infrastructure projects such as the East Coast Railway Link and the Pan Borneo Highway.

However, group CEO Datuk Azizan Jaafar had told The Edge Financial Daily that such projects were not in its books in the first place, adding that the group’s outstanding order book of RM2.7 billion will give it earnings visibility over three years.

According to Gabungan AQRS’ latest annual report, Azizan, via his private investment vehicle Ganjaran Gembira Sdn Bhd, was the largest shareholder in the company, with an 11.22% interest, as at March 16, 2018.

Gabungan AQRS shares have recovered since stumbling post-GE14. It closed five sen or 3.97% lower at RM1.21 yesterday, giving it a market capitalisation of RM553.59 million.

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If you guys look at myeg volume it's mostly retailers playing only,big boys distributed nicely at above 0.815 that's why we said got profit must take not wrong to take profit

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Suddenly people will panicked when myeg turn deep green

OTHERS MY E.G. Services Berhad ("MYEG" or "the Company") - Service Agreement entered between MYEG Auto Assist Sdn. Bhd., a sub subsidiary of the Company and AIG Malaysia Insurance Berhad

MY E.G. SERVICES BERHAD
TypeAnnouncementSubjectOTHERS
DescriptionMY E.G. Services Berhad ("MYEG" or "the Company") - Service Agreement entered between MYEG Auto Assist Sdn. Bhd., a sub subsidiary of the Company and AIG Malaysia Insurance Berhad

The Board of Directors of MYEG is pleased to announce that MYEG Auto Assist Sdn. Bhd., a sub subsidiary of the Company had on 31 May 2018 entered into a Service Agreement (“the Agreement”) with AIG Malaysia Insurance Berhad (“AIG”) for the provision of road care assistance programme to AIG’s policyholders.

The Agreement is effective for two (2) years upon signing and may be extended upon such terms and conditions to be mutually agreed upon.

The Board of Directors is of the view that the Agreement is in the best interest of the Company and is expected to contribute positively to the earnings and net assets per share of the Company for the financial years ending 30 June 2018 onwards until the expiry of the Agreement.

None of the directors and/or major shareholders and persons connected with a director or major shareholder has any interest, direct or indirect, in the Agreement.

This announcement is dated 31 May 2018.





Announcement Info

Company NameMY E.G. SERVICES BERHADStock NameMYEGDate Announced31 May 2018CategoryGeneral Announcement for PLCReference NumberGA1-30052018-00097

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