Petaling Jaya, April 14 – Village Grocer Holdings Sdn Bhd (VGH), the owner of premium supermarket chain Village Grocer, yesterday announced that it has acquired 100% stake in Bens Independent Grocer Sdn Bhd (B.I.G.) from BIG Sdn Bhd (The Big Group).
The acquisition sees VGH gaining control over B.I.G.’s chain of grocery outlets, further strengthening VGH’s position as one of the leaders within the premium grocery segment, with VGH and B.I.G. having a total of 13 outlets and combined annual revenue of approximately RM560.0 million.
Kuala Lumpur, April14 – Borneo Aqua Harvest Bhd has proposed to issue up to 325.67 million free warrants on the basis of one free warrant for every two existing Borneo Aqua shares held by the shareholders at an entitlement date to be determined and announced later.
The exercise price for the 7 years warrants was fixed at RM0.87 per warrant, representing a premium of approximately 3.88% over the 5 days volume weighted average market price of Borneo Aqua shares up to and including the last market day immediately preceding this announcement of RM0.8375.
Kuala Lumpur, April 14 – Anzo Holdings Bhd (ANZO) yesterday announced that its wholly owned subsidiary Harvest Court Construction Sdn Bhd (HCCSB) received a Letter of Intent from KL Northgate Sdn Bhd (KLNSB) for the Paragon@KL Northgate 18-acre mixed development project in Selayang with an estimated value of RM1.2 billion.
ANZO will work with MCC Overseas (M) Sdn Bhd (“MCC”) to jointly undertake the construction of the Project.