Serba Dinamik Holdings Berhad, a global integrated engineering services provider, through its wholly-owned subsidiary, Serba Dinamik Group Berhad (SDGB), today proposed an acquisition of 34,537,581 ordinary shares in Green & Smart Holdings PLC (GSH), representing approximately 10% of the total number of issued shares of GSH with a total cash consideration of RM13.0 million from K2M Ventures Sdn. Bhd. (K2MV), an existing shareholder of GSH.
The Company had on July 2018, through its wholly owned subsidiary, Serba Dinamik International Ltd. (SDIL), announced the proposed subscription of 51,806,000 new ordinary shares, representing approximately 15% of the enlarged number of issued shares in GSH for a total cash consideration of approximately RM 16.99 million.
Press Metal Aluminium Holdings Berhad (PMETAL-8869), the largest Aluminium smelter in South East Asia closed its nine months ended 30 September 2018 with satisfactory results amidst fluctuation in both aluminium price and raw material costs.
The revenue increased by 15.5% to RM6.94 billion compared to RM6.01 billion in the same period of the prior year. The increase was mainly due to higher metal price in the previous quarters as well as revenue contribution from Leader Universal Aluminium Sdn Bhd, which was acquired in March 2018.
Allianz Malaysia Berhad Group (Allianz Malaysia), which announced its results for the first nine months of 2018, recorded a total of RM3.41 billion in the Group’s Gross Written Premiums (GWP) from January to September this year as compared to RM3.24 billion last year; a 5.2 percent increase.
The Group’s Total Assets grew 7.2 percent to RM17.50 billion in the first nine months of 2018 as compared to RM16.33 billion last year. Profit Before Tax stood at RM391.1 million from January to September this year as compared to RM310.9 million in the same corresponding period of 2017.