Day: July 29, 2024

KUALA LUMPUR, Kelington Group Bhd has entered into a conditional share sale agreement (SSA) to acquire 2.53 million ordinary shares in Ace Gases Sdn Bhd for RM35.69 million. In a Bursa Malaysia filing today, Kelington said the acquisition represents the remaining 9.29 per cent equity interest and will allow it to fully control Ace Gases. “The SSA is to be satisfied via cash consideration amounting to RM10.07 million cash and issuance of 7.59 million new ordinary shares in Kelington at an issue price of RM3.37 per share,” it said. Kelington said that the acquisition would provide greater flexibility in planning

KOTA BHARU, The MADANI Cooperative and Entrepreneur Sales (JMKU) recorded total sales of RM6.2 million, benefiting 208,055 individuals nationwide, as of yesterday. Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick said that 63 JMKU programmes have been carried out, offering basic necessities through 221 sales operators appointed by the Cooperative Commission of Malaysia (SKM). “The ministry will continue the JMKU programme in providing necessities such as rice, cooking oil, eggs, beef, chicken and so on, with savings of up to 20 per cent compared with market prices,” he said. He said this to reporters after officiating the state-level National Cooperative