Trending News: Central localities brace for upcoming stormPROBEST 2.0 2024: Agrobank Provides RM1.69 Mln Fund To Empower Young Agropreneur CommunityPDEA files raps vs. ‘top priority’ drug suspect in Camiguin bust‘Suara Rakyat’ Gathering A Platform To Express National Development Ideas To PMPBBM to inaugurate Mindanao’s longest bridgeAir Selangor Looking Into AI-Driven Solutions To Ensure Safer Water QualityIlocos Norte, Singapore doctors’ surgical mission benefits 18 IlocanosHimpunan Gerakan Rakyat To Commemorate 26 Years Of Reformasi MovementDSWD care facilities catering to all age groups: execVEP RFID Registration: Two Additional Locations In Johor To Open On SundayCCC, German Embassy highlight role of journos on climate reportingGISBH: Police Continue Crackdown, Arrest Several Key IndividualsAntique coops to assist DSWD in financial literacy, payout for 4PsAmendments To Sarawak Labour Ordinance To Be Tabled In Parliament By Year EndBacolod police files raps against violent rallyistsNew Homes Bring Relief, Hope To Labuan’s B40 CommunityMinDA promotes Mindanao investment opportunities at Singapore summitMechamato Teams Up With Farm Fresh To Promote Healthy Lifestyle7 villages to vie for P1-M top prize in MassKara street dance tiltCPO Futures End Higher On Worries Over Tighter Supply Due To Weaker ProductionCops identify suspects in Maguindanao Sur town exec’s murder14 of 36 Tamu Desa Projects In Sabah Completed – EwonFood prices pull down inflation rate in Eastern Visayas in AugustPolice Confirm Identities Of Tourists Killed In Fallen Tree IncidentDSWD project beneficiaries in Bicol get employment aid from DOLECounter Setting: N. Sembilan MACC Arrests Two Enforcement OfficersHouse Quadcom cites Alice Guo in contemptFloods: Over 5,000ha Of Padi Fields In MADA Areas In AffectedDSWD welcomes House bill institutionalizing AKAP programVarsity registration For October Intake Made Easier For B40 Students – MustaphaOmbudsman suspends Antique mayor for abuse of authorityGov’t Plans To Establish New MRSM For Children Of MAF Personnel – DPM ZahidScientists found hidden physics inside Van Gogh’s Starry NightRinggit Hits 28-month High Against USDEU releases P12.4-M aid for Filipino victims of ‘Enteng’FBM KLCI Futures End Higher, Tracking Cash Market’s PerformanceSenate urged not to stall Teen Pregnancy Prevention billPahang Sultan Presents House Keys To 30 Recipients Of Ru’RASA In Bera, BentongFrayna lifts PH to victory over Argentina in Chess Olympiad1.2 Million Residents Around N. Sembilan Benefit From Gunung Telapak Buruk MYTV TransmitterLocal index bounces back; peso appreciates on US Fed rate cutPharmaniaga Launches Malaysia’s First Locally Owned Biopharmaceutical PlantQuality of life of 39% of Filipinos improved in past 12 months: SWSNational History And Unity Convention: Preserving Historical Elements Cornerstone Of Malaysia Madani SocietyEx-CIDG chief Garma received P1M weekly in payola – OsmeñaPublic Universities Should Admit Poor Students, Defer Their Fees – Zambry3 gov’t workers from Iloilo, Antique are PH exemplary employeesKing Arrives In China For Maiden State VisitMMFF to screen 50 classic movies for P50 in select cinemasICA Compliance Awards Partners Exclusively With LRNPBBM turns over PTVs to enhance healthcare access in Region 6Stressed, anxious, excited – CIOs’ state of mind in 2024, according to research from ExpereoPH to join Asia Open Memory Championship in SingaporeGISBH CEO, Wife And Son Of Former Al-Arqam leader Among 19 Individuals Arrested By PolicePUP’s Education-on-Wheels offers blended learning to PDLsBursa Malaysia Ends Morning Session Higher In Line With Regional PeersForeign POGO workers given until Oct. 15 to voluntarily repatriate‘Blooming Flowers and Full Moon’ China-Vietnam Mid-Autumn Festival Gala Debuted in Ho Chi Minh CityNo request from DDB to increase budget for rehab program: DBMImmigration Department To Reform Work Processes Following MACC Chief’s Feedback – DGPDEA: Seized narcotics under Marcos admin near P48-BOver 700 containers of rice remain unclaimed at portsBOC, PPA urged to boost port staff, hasten unloading of rice cargoes7 American pedophiles denied entry to PHQuadcom to hold accountable traitors behind illegal POGOs – BarbersLTO chief orders more frequent, random anti-overloading opsComelec: Plebiscites, special SK polls suspended until Dec. 2025Pangasinan celebrates IPs in museum’s anniversaryRecto, Pangandaman urge Singaporean firms to invest in PHExploring mangrove tour in Ba TriDA seeks more funding for agri investmentsLeptospirosis cases 11% higher from Jan. 1 to Sept. 7Cop, 2 others yield P13.6-M shabu in Zamboanga buy bustPAGCOR holds mall exhibit for 2024 photo contest winning entriesMalaysian PM visits PH booth in Kuala Lumpur halal expoAllies’ grants for add’l assets to boost WPS patrols welcome: NMCDuterte narco-list was used as hit list: ex-Iloilo City mayor1st Asian Mixed Martial Arts Manila Open set Oct. 14-16Transportation at forefront of economic growth – DOTrAnwar Calls For State-Federal Collaboration To Modernise Land AdministrationNograles urges outstanding gov’t workers to continue inspiring othersBursa Malaysia Ends Higher As US Interest Rate Cut Lifts Regional SentimentTourism’s CO2 emission, demand for water, energy up in 2023Gov’t Mulls More funding For Repatriation Of Historical Artifacts – Ahmad ZahidPH, Malaysia navies commit to upholding regional stabilityFlood: Families Evacuated To PPS Eligible To Receive RM1,000 From State Govt – SanusiLTO to offer driver’s license renewal for OFWs in Taiwan19 Individuals Including GISBH CEO And Wife Remanded For A WeekLeyte villagers welcome opening of town’s 1st hospitalFahmi Offers Condolences To Veteran Composer Ooi Eow Jin’s FamilyAUB to integrate nat’l ID eVerify in branch banking servicePrime suspects in Batangas beauty queen’s disappearance nabbedBOC seizes P20-M unmarked fuel in Navotas3 nabbed, P2.5-M shabu seized in Taguig, Parañaque anti-drug opsRinggit Opens Slightly Lower Against US Dollar, Rises Vs Other Major CurrenciesPBBM sees need to give lands to agri grads to attract new-gen farmersPenang Awards RM553,200 In Incentives To SUKMA Medal WinnersDBM OKs P396.374-M fund for PNP’s motor vehiclesNumber Of Flood Victims In Kedah Continues To Rise, Penang, Perlis Record DecreaseProsecutors drop coercion, detention suits vs. Taguig mayor, others
Sat. Sep 21st, 2024
Trending News: Central localities brace for upcoming stormPROBEST 2.0 2024: Agrobank Provides RM1.69 Mln Fund To Empower Young Agropreneur CommunityPDEA files raps vs. ‘top priority’ drug suspect in Camiguin bust‘Suara Rakyat’ Gathering A Platform To Express National Development Ideas To PMPBBM to inaugurate Mindanao’s longest bridgeAir Selangor Looking Into AI-Driven Solutions To Ensure Safer Water QualityIlocos Norte, Singapore doctors’ surgical mission benefits 18 IlocanosHimpunan Gerakan Rakyat To Commemorate 26 Years Of Reformasi MovementDSWD care facilities catering to all age groups: execVEP RFID Registration: Two Additional Locations In Johor To Open On SundayCCC, German Embassy highlight role of journos on climate reportingGISBH: Police Continue Crackdown, Arrest Several Key IndividualsAntique coops to assist DSWD in financial literacy, payout for 4PsAmendments To Sarawak Labour Ordinance To Be Tabled In Parliament By Year EndBacolod police files raps against violent rallyistsNew Homes Bring Relief, Hope To Labuan’s B40 CommunityMinDA promotes Mindanao investment opportunities at Singapore summitMechamato Teams Up With Farm Fresh To Promote Healthy Lifestyle7 villages to vie for P1-M top prize in MassKara street dance tiltCPO Futures End Higher On Worries Over Tighter Supply Due To Weaker ProductionCops identify suspects in Maguindanao Sur town exec’s murder14 of 36 Tamu Desa Projects In Sabah Completed – EwonFood prices pull down inflation rate in Eastern Visayas in AugustPolice Confirm Identities Of Tourists Killed In Fallen Tree IncidentDSWD project beneficiaries in Bicol get employment aid from DOLECounter Setting: N. Sembilan MACC Arrests Two Enforcement OfficersHouse Quadcom cites Alice Guo in contemptFloods: Over 5,000ha Of Padi Fields In MADA Areas In AffectedDSWD welcomes House bill institutionalizing AKAP programVarsity registration For October Intake Made Easier For B40 Students – MustaphaOmbudsman suspends Antique mayor for abuse of authorityGov’t Plans To Establish New MRSM For Children Of MAF Personnel – DPM ZahidScientists found hidden physics inside Van Gogh’s Starry NightRinggit Hits 28-month High Against USDEU releases P12.4-M aid for Filipino victims of ‘Enteng’FBM KLCI Futures End Higher, Tracking Cash Market’s PerformanceSenate urged not to stall Teen Pregnancy Prevention billPahang Sultan Presents House Keys To 30 Recipients Of Ru’RASA In Bera, BentongFrayna lifts PH to victory over Argentina in Chess Olympiad1.2 Million Residents Around N. Sembilan Benefit From Gunung Telapak Buruk MYTV TransmitterLocal index bounces back; peso appreciates on US Fed rate cutPharmaniaga Launches Malaysia’s First Locally Owned Biopharmaceutical PlantQuality of life of 39% of Filipinos improved in past 12 months: SWSNational History And Unity Convention: Preserving Historical Elements Cornerstone Of Malaysia Madani SocietyEx-CIDG chief Garma received P1M weekly in payola – OsmeñaPublic Universities Should Admit Poor Students, Defer Their Fees – Zambry3 gov’t workers from Iloilo, Antique are PH exemplary employeesKing Arrives In China For Maiden State VisitMMFF to screen 50 classic movies for P50 in select cinemasICA Compliance Awards Partners Exclusively With LRNPBBM turns over PTVs to enhance healthcare access in Region 6Stressed, anxious, excited – CIOs’ state of mind in 2024, according to research from ExpereoPH to join Asia Open Memory Championship in SingaporeGISBH CEO, Wife And Son Of Former Al-Arqam leader Among 19 Individuals Arrested By PolicePUP’s Education-on-Wheels offers blended learning to PDLsBursa Malaysia Ends Morning Session Higher In Line With Regional PeersForeign POGO workers given until Oct. 15 to voluntarily repatriate‘Blooming Flowers and Full Moon’ China-Vietnam Mid-Autumn Festival Gala Debuted in Ho Chi Minh CityNo request from DDB to increase budget for rehab program: DBMImmigration Department To Reform Work Processes Following MACC Chief’s Feedback – DGPDEA: Seized narcotics under Marcos admin near P48-BOver 700 containers of rice remain unclaimed at portsBOC, PPA urged to boost port staff, hasten unloading of rice cargoes7 American pedophiles denied entry to PHQuadcom to hold accountable traitors behind illegal POGOs – BarbersLTO chief orders more frequent, random anti-overloading opsComelec: Plebiscites, special SK polls suspended until Dec. 2025Pangasinan celebrates IPs in museum’s anniversaryRecto, Pangandaman urge Singaporean firms to invest in PHExploring mangrove tour in Ba TriDA seeks more funding for agri investmentsLeptospirosis cases 11% higher from Jan. 1 to Sept. 7Cop, 2 others yield P13.6-M shabu in Zamboanga buy bustPAGCOR holds mall exhibit for 2024 photo contest winning entriesMalaysian PM visits PH booth in Kuala Lumpur halal expoAllies’ grants for add’l assets to boost WPS patrols welcome: NMCDuterte narco-list was used as hit list: ex-Iloilo City mayor1st Asian Mixed Martial Arts Manila Open set Oct. 14-16Transportation at forefront of economic growth – DOTrAnwar Calls For State-Federal Collaboration To Modernise Land AdministrationNograles urges outstanding gov’t workers to continue inspiring othersBursa Malaysia Ends Higher As US Interest Rate Cut Lifts Regional SentimentTourism’s CO2 emission, demand for water, energy up in 2023Gov’t Mulls More funding For Repatriation Of Historical Artifacts – Ahmad ZahidPH, Malaysia navies commit to upholding regional stabilityFlood: Families Evacuated To PPS Eligible To Receive RM1,000 From State Govt – SanusiLTO to offer driver’s license renewal for OFWs in Taiwan19 Individuals Including GISBH CEO And Wife Remanded For A WeekLeyte villagers welcome opening of town’s 1st hospitalFahmi Offers Condolences To Veteran Composer Ooi Eow Jin’s FamilyAUB to integrate nat’l ID eVerify in branch banking servicePrime suspects in Batangas beauty queen’s disappearance nabbedBOC seizes P20-M unmarked fuel in Navotas3 nabbed, P2.5-M shabu seized in Taguig, Parañaque anti-drug opsRinggit Opens Slightly Lower Against US Dollar, Rises Vs Other Major CurrenciesPBBM sees need to give lands to agri grads to attract new-gen farmersPenang Awards RM553,200 In Incentives To SUKMA Medal WinnersDBM OKs P396.374-M fund for PNP’s motor vehiclesNumber Of Flood Victims In Kedah Continues To Rise, Penang, Perlis Record DecreaseProsecutors drop coercion, detention suits vs. Taguig mayor, others
Sat. Sep 21st, 2024

Kelington Group To Acquire Remaining Stake In Ace Gases For Rm35.69 Mln


KUALA LUMPUR, Kelington Group Bhd has entered into a conditional share sale agreement (SSA) to acquire 2.53 million ordinary shares in Ace Gases Sdn Bhd for RM35.69 million.

In a Bursa Malaysia filing today, Kelington said the acquisition represents the remaining 9.29 per cent equity interest and will allow it to fully control Ace Gases.

“The SSA is to be satisfied via cash consideration amounting to RM10.07 million cash and issuance of 7.59 million new ordinary shares in Kelington at an issue price of RM3.37 per share,” it said.

Kelington said that the acquisition would provide greater flexibility in planning and implementing long-term strategies for its business and services, enhancing its growth potential.

“In view of Ace Gases’ financial performance in recent years and its diverse geographical market coverage, Kelington may have the potential to pursue additional growth opportunities within the industrial gas industry,” it said.

Kelington said the proposed acquisition is expected to be completed in
the second half of 2024.

UOB Kay Hian has been appointed to act as the adviser.

Source: BERNAMA News Agency

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