Latest news with #CHHB
The Star
13-06-2025
- Automotive
- The Star
Trading ideas: BAuto, George Kent, JcbNext, CHHB, Thong Guan, BLand, UEM Edgenta
KUALA LUMPUR: Companies that could be in the spotlight following recent announcements include Bermaz Auto Bhd 's (BAuto), George Kent (M) Bhd, JcbNext Bhd , Country Heights Holdings Bhd (CHHB), Thong Guan Industries Bhd , Berjaya Land Bhd (BLand) and UEM Edgenta Bhd . BAuto's net profit for the financial year ended April 30, 2025 (FY2025) dropped by over 55% to RM155.9mil from RM345.58mil a year earlier, as revenue fell to RM2.62bil from RM3.91bil, mainly due to lower sales volume from its Mazda and Kia domestic operations. George Kent has partnered with Shanghai-listed Qingdao Topscomm Communication Co Ltd (Topscomm) to develop Malaysia's first locally branded ultrasonic water meter. JcbNext has disposed of 647,846 shares (or 1.95%) in Taiwan-based 104 Corp for RM20.05mil in the open market of the Taiwan Stock Exchange. CHHB is disposing of its entire stake in its wholly-owned subsidiary, Versatile Champion Sdn Bhd (VCSB) to South Strategy International Sdn Bhd for RM600,000. Thong Guan has scrapped its plan to sell its F&B business to major shareholder Foremost Equals after failing to agree on a final sale price. BLand is disposing of its entire 80% stake in joint venture company, Berjaya-Handico12 Co Ltd (BHandico12), to Vietnam-based Dong Thinh Phat Land JSC and Green Hill Construction Investment JSC for RM201.96mil. UEM Edgenta has tied up with 21 Estates Group FZCO to establish a new joint venture company (JV) and expand its property management presence in Dubai, United Arab Emirates.
The Star
12-06-2025
- Business
- The Star
Country Heights disposes of its wholly owned subsidiary
PETALING JAYA: Country Heights Holdings Bhd (CHHB) is disposing of its entire stake in its wholly-owned subsidiary, Versatile Champion Sdn Bhd (VCSB), to South Strategy International Sdn Bhd for RM600,000. In a filing with Bursa Malaysia, CHHB said the proposed disposal forms part of its strategic move to streamline its business operations and focus on core business areas. 'The proposed disposal will also unlock the value of a non-core asset and improve the liquidity position of CHHB.' CHHB said the gross proceeds of RM600,000 from the disposal will be utilised by CHHB for working capital purposes, including payment to creditors and general corporate and administrative expenses. 'The utilisation is expected to be completed within six months from the date of receipt of full payment from the purchaser. 'The proposed disposal is not expected to have any material effect on the share capital, net assets per share, earnings per share, gearing of CHHB group for the financial year ending June 30, 2025, based on the audited consolidated financial statements for the financial year ended Dec 31, 2023.' CHHB said VCSB has a parcel of freehold land measuring 526.09 sq m with a building at the North West Province of South Africa, which is currently vacant.
