ah no wonder price supported at this level......this week The Edge just bring up the possibility of Maxis buying Astro

gogogo

oh Aberdeen also buying

nay dsonic still getting contracts after Anwar became PM

IRIS niise contract terminated .....this one might pushed up tmr

just appointed Sarawak CM's son as director of bjland

wah appointed Sarawak CM's son as director.....will goreng like SCIB or not LOL

sold some at 1.22, 1.23

looks like EPF wold not let it pass 1.20

hehehe

few days ago TM announced VSS too and price gone up

at least doing something

Astro Undertakes Voluntary Separation Scheme to Strengthen Market Position



KUALA LUMPUR, 28 July 2023 – The media and entertainment industry is currently operating in an environment that is experiencing an unprecedented rate of disruption. Industry players are required to reinvent and adapt swiftly to remain profitable and relevant in this new reality.



Euan Smith, Group Chief Executive Officer of Astro Malaysia Holdings Berhad ("Astro") said, “In an increasingly borderless and digital world, competition is relentless, especially in a challenging economic landscape. Astro continues to be proactive to reinvigorate the Group to strengthen its position in the market and to adapt to a fast-changing business environment.



To support its ongoing transformation, Astro will be undertaking a Voluntary Separation Scheme ("VSS") that will allow the Group to focus on core business activities and improve its financial performance by simplifying the organization, streamlining operations and reducing operating expenses. The VSS is offered purely on a voluntary basis.”



Notwithstanding this exercise, the Company is putting in place measures to ensure that customer experience will not be impacted by this exercise. Further, the Company has put in place a transition programme that will provide the right support to employees who opt for the VSS including coaching and skills upgrading training programmes.

nestle consistent result despite bad sentiments

oh got bit of smoke

yay finally

can break 1.13 or not

wow VT sold CARING.....900 mil.........corporate exercise soon!!

vt no longer substantial shareholder...looks like corporate exercise soon

ai ya u know NAZA family not good businessmen except the founder.....they probably used by VT also dunno lol

wow 700 mil!!

KUALA LUMPUR (July 17): Berjaya Corp Bhd is selling its waste management business Berjaya Enviro Holdings Sdn Bhd (BEnviro) to Naza Corp Holdings Sdn Bhd for RM700 million cash, confirming The Edge Weekly’s report.

On Monday (July 17), BCorp subsidiary Berjaya Group Bhd (BGroup) inked a share sale agreement to dispose of its 100% stake in BEnviro with Naza Corp.

The proposed disposal is expected to see BCorp lock in RM490.74 million.

Upon completion of the disposal, BCorp said it will form a joint venture company with BEnviro to collaborate on new projects.

left to right pocket...but at least good for bjcorp shareholders i supposed...should gap up

work with NAZA also need suspension? NAZA fail big time in auto business since the founder demise whats the big deal.......Work with TESLA only help LOL

played by hongseng....next goreng hongseng liao

wow suspended....very rare for bjcorp

EPF starts acquiring

come drop more ;-)

lol.....skpres, ffb, now astro......what funds doing? ;-P

tmr rebound alot liao

This announcement is made with reference to the unusual market activity and rumours circulating on Farm Fresh Berhad, drawing on the recent announcement by Bega Group (ASX: BGA) on the decline in Australian milk production resulting in intense competition for raw milk, leading to Bega Group expecting a decline in performance and an expected non-cash impairment in the range of AUD180m to AUD280m in its audited results (subject to finalisation). While Farm Fresh Berhad is also impacted by the less then expected decrease in farmgate milk prices in Australia as we do purchase milk from third party farmers in Australia, we are much less impacted compared to Bega Group. Bega Group exclusively purchases 100% of its milk requirements from farmers in Australia whilst our purchase of milk ingredients from third party farmers in Australia is expected to account for approximately 14% of our total milk ingredients of equivalent to more than 100 million litres in the financial year ended 31 March 2024. Additionally, 70% of the raw milk used by us comes from our own farms in both Malaysia and Australia.



We continue to take into account various factors in determining our investments in our upstream, midstream and downstream operations, the input costs and variations that occur from time to time, to ensure we do not depend heavily on any specific milk ingredients source.

surely got some bad news coming

come drop more 😁

hehe huat ah

wow Wee Teng Chuen is from the Wee family of UOB Singapore

KUALA LUMPUR (June 16): Hildrics Asia Growth Fund I’s wholly owned subsidiary HAGF Investment (I) Pte Ltd emerged as GIIB Holdings Bhd’s substantial shareholder after acquiring 48.61 million ordinary shares, or an 8.221% stake.

Hildrics Asia is a Singapore-based private equity fund managed by Hildrics Capital Pte Ltd, which was founded in 2021 by Choo Kee Siong and Wee Teng Chuen, according to a statement on Friday (June 16).

Hildrics Capital primarily focuses on direct investments into mid-sized companies with high growth prospects in Southeast Asia, it added.

“We are pleased to partner with GIIB, a leading Malaysian rubber product manufacturer with an established track record of close to 30 years and extensive presence across 60 countries, to support its next growth phase and expansion plans,” said Choo, who is also the CEO of Hildrics Capital.

The investment activity with GIIB marks Hildrics Capital’s first investment in Malaysia.

Following the investment, HAGF is now the second-largest shareholder of GIIB, after Tai Qisheng who holds an 11.45% stake, according to Bloomberg data.

Qisheng is GIIB’s executive director and the son of GIIB executive chairman and chief executive officer Tai Boon Wee.

Qisheng became the company’s biggest shareholder after his father transferred 45.81 million shares or a 7.775% stake to him via an off market transaction on June 13, 2023.

Meanwhile, Boon Wee is left with 9.6 million shares or a 1.62% stake.

“We warmly welcome Hildrics Capital as our shareholder, which is the first foreign institutional fund to invest in us. With a shared common vision and goals for the group, I look forward to working with them to scale our group to the next level,” Qisheng commented.

GIIB shares remained unchanged at 9.5 sen on Friday, valuing the company at RM56.2 million.

On Thursday, GIIB announced that Boon Wee and two other executive directors had been remanded by the MACC on May 31 for investigation of unlawful activities.

Activities that are being investigated were in relation to the issuance of invoice and proceeds banked into GIIB's account, inflation of debts of a subsidiary company in a Bursa Malaysia announcement and unauthorised payments to persons unknown.

lol fast fast transferred all his shares to his son

very huat thank u

looks like goreng soon

yay good results...tmr goreng

Oh nice results wor...tmr should finally rebound

Nice. Can play like bahvest tmr hehe

kasi harga runtuh pls ;-)

Wow surprisingly good results

nice rebound hehe

netflix charging more....good news for Astro?

huat ah!!

nice hehe

At least we know wat actually happened. Before all guessing games

I think its good news. The culprits caught. The newcomers were right.