Silver Bird Feb 2012

Bakery products manufacturer is adopting a global strategy for its food business as it capitalizes on its strategic collaboration with its major shareholder Koperasi Permodalan Felda Malayasia Bhd. Its MD Datuk Jackson Tan says the company could grow its portfolio to include other basic food products in various countries. A transformation will certainly be a boost for its major shareholders – LTH, the single largest shareholder with a 23.34% stake and Koperasi Permodalan Felda with 13.36% stake.

KrisAssets Feb 2012

It is likely to inject its two retail assets in Mid Valley City the Mid Valley Megamall and The Gardens shopping mall into a retail real estate and investment trust (REIT) in 2012. An industry source said the company had already engaged a merchant bank to look into the REIT exercise. The two assets have an estimated total asset value of close to RM4bil which makes KrisAssets a strong candidate to sponsor a REIT to unlock the value of its assets for its shareholders.

DBE Jan 2012

DBE’s director had disposed of 12 million shares on Jan 18, 2012. Ding Seng Huat had disposed of the shares representing a 1.78% stake at an average price of 8.0 sen each. To recap, DBE confirmed that it was in talks with a shareholder of CIH which includes a private placement exercise. DBE also said it had plans for a private placement to raise funds for its working capital requirement but it was at preliminary stage.

Sources say three parties are interested to take over DBE Gurney Resources Bhd, a poultry breeder, in a bid to return the company to profitability. Besides CI Holdings Bhd, the other parties interested in DBE are Datuk Raymond Chan Boon Siew, the controlling stakeholder of Sagajuta ( Sabah ) Sdn Bhd, and Maybank Private Equity. Chan, a prominent Sabah developer, has been buying shares in DBE from the open market and now controls about 4.0 per cent stake of the company.