PETRONAS, currently the world’s third-largest LNG producer has urged producers and consumers of liquefied natural gas (LNG) to collaborate towards encouraging growth and sustainability of the industry.    

Its President and Group CEO Wan Zulkiflee Wan Ariffin (pic) warned that while demand for LNG has grown, there is a possibility of industry stagnation if LNG prices do not encourage necessary investments to sustain the business.

PRG Holdings Bhd, a Bursa Malaysia Main Market-listed investment holding Company has today successfully listed its manufacturing subsidiary – Furniweb Holdings Limited (Listco) on the Growth Enterprise Market (GEM) board of the Hong Kong Stock Exchange (HK Exchange). 

The stock has officially commenced trading under the stock code 8480.HK at the opening of trading at 9.30a.m. yesterday morning. Post listing, PRG will hold 75% stake in the enlarged share capital of Listco.

Based on the offer price of HKD0.50 per share for a total of 126 million new shares, the Listco has raised a total of HKD63 million (equivalent to approximately RM33 million). 

AFFIN Holdings Berhad (AFFIN Holdings) is pleased to announce that at an Extraordinary General Meeting held today, shareholders have approved AFFIN Group’s corporate exercise which will culminate in the transfer of listing status from AFFIN Holdings to AFFIN Bank Berhad (AFFINBANK). 

The corporate exercise will entail a proposed distribution by AFFIN Holdings of its entire shareholdings in AFFINBANK by way of distribution-in-specie where the entitled shareholders of AFFIN Holdings will receive one (1) AFFINBANK share for each AFFIN Holdings share held by them on an entitlement date to be determined and announced later.