NEWS IN BRIEF: JAN 3, 2022

IHH HEALTHCARE BHD announced that Matsudo Investment Pte Ltd (MIPL), a wholly-owned subsidiary of Parkway Life Real Estate Investment Trust, which in turn is an indirect 35.6 per cent-owned subsidiary of IHH, was placed under members’ voluntary liquidation on Jan 3, 2022.

In a filing with Bursa Malaysia today, IHH said the liquidation will not have any effect on IHH’s issued share capital and substantial shareholders’ shareholdings and no material effect on the earnings and net assets of IHH for the financial year ending Dec 31, 2022.

“It is also not expected to have any operational impact on IHH Group. None of the directors and/or major shareholders of IHH or persons connected to them, has any interest, whether direct or indirect, in the liquidation,” it said.

-- BERNAMA

PANTECH GROUP HOLDINGS BHD announced that the company has on Jan 3 entered into a share sale agreement with Goh Eng Lee and Goh Kian Chong for the acquisition of 400,000 ordinary shares, representing 100 per cent equity interest in Unity Precision Engineering Sdn Bhd (UPESB) for a total purchase consideration of RM13 million. 

In a filing with Bursa Malaysia, the company said the acquisition is an opportunity for Pantech to expand its service offerings and enhance Pantech’s positioning towards a high value-added manufacturing company.

“Pantech would be able to leverage on UPESB’s facilities and skills of workers to provide customised machining services and precision engineering services to the oil and gas and other relevant players,” it said. 

-- BERNAMA

PARKSON HOLDINGS BHD announced the appointment of Zhou Jia as Parkson Retail Group Ltd’s acting chief executive officer with effect from Jan 1.

In a filing with Bursa Malaysia, it said that there is no fixed term of service for his appointment.

Zhou, 50, holds a Bachelor’s Degree in Business Administration from Yuzhou University (currently known as Chongqing Technology and Business University), it said. 

-- BERNAMA

Retirement Fund Incorporated (KWAP) announced the appointment of Hazman Hilmi Sallahuddin as its new chief investment officer effective Jan 3.

In a statement today, KWAP said Hazman was previously the managing director of Damansara Assets Sdn Bhd – a wholly owned real-estate subsidiary of Johor Corporation (JCorp) and the chief executive officer of AMAL by Malaysia Airlines – a wholly owned subsidiary of the Malaysian Aviation Group.

“He obtained his MEng (First Class) in Engineering, Economics and Management from Balliol College, University of Oxford, United Kingdom, and MSc in Operational Research from the London School of Economics & Political Science, United Kingdom,” it said. 

-- BERNAMA

OPCOM HOLDINGS BHD (OHB) announced that its subsidiary Opcom Engineering Services Sdn Bhd had on Dec 30, 2021, accepted a statement of work from Celcom Networks Sdn Bhd. 

In a filing with Bursa Malaysia, the company said the contract involving survey, construction and implementation of civil infrastructure, fiber optic cabling system and all related works of fiber optic infrastructure for a period of two years with a contract value of up to RM25.97 million.

The company said the contract is expected to contribute positively towards OHB group's earnings and net assets for the period of the contract.

-- BERNAMA