MN Holdings founders net nearly RM45 million from share sales
The three directors sold 12 million shares to institutional investors at RM3.91 each after exercising warrants at 20 sen.
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The three directors sold 12 million shares to institutional investors at RM3.91 each after exercising warrants at 20 sen.
Moody’s assigned a stable outlook, highlighting the overseas arm’s role in PETRONAS’ operations and its access to parental financial support.
The adhesive maker traded at 24.5 sen at 9.15am, with more than 32 million shares changing hands.
Full-year net profit fell 91.2% to RM1.39 million, while annual revenue dropped 38.3% to RM200.43 million.
The offer remains open until Oct 8, with Batu Kawan and Whitmore set to compulsorily acquire shares held by dissenting shareholders.
The two contracts cover electrical equipment and cables, with delivery expected within three months.
The group plans to use RM55.7 million of the proceeds for working capital, mainly property development costs.
Taghill Projects awarded the three jobs to Exsim Concepto, with completion expected by early January 2027.
Unrealised forex losses on unhedged lease liabilities reached RM58.4 million, while weaker subscription income reduced revenue.
The automated test equipment maker returned to profit in 3QFY2026, with higher machine sales lifting revenue to RM12.35 million.