Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Malaysia
  4. BURSA MALAYSIA
  5. Batu Kawan Berhad
  6. News
  7. Summary
    BKAWAN   MYL1899OO003

BATU KAWAN BERHAD

(BKAWAN)
  Report
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

KLK Land Sdn Bhd entered into a share sale agreement to acquire Batu Kawan Holdings Sdn Bhd from Batu Kawan Berhad for MYR 93 million.

07/23/2021 EDT

KLK Land Sdn Bhd entered into a share sale agreement to acquire Batu Kawan Holdings Sdn Bhd from Batu Kawan Berhad (KLSE:BKAWAN) for MYR 93 million on July 23, 2021. The proposed acquisition will be funded by a combination of KLK’s existing cash reserves, and bank borrowings. The purchase consideration shall be satisfied in cash by the KLK Land Sdn Bhd at completion. The SSA may be terminated upon occurrence of the following (a) breach of the SSA which the defaulting party has failed to remedy within seven days from the non-defaulting party’s notice to remedy such breach; or (b) a force majeure event which prolongs for a continuous period exceeding 60 days from the date of declaration of the force majeure event by either the KLK Land Sdn Bhd or the Batu Kawan Berhad, affected by such event. The proposed acquisition is not subject to KLK shareholders’ approval and any relevant government authorities. The proposed acquisition is expected to be completed in the 3rd Quarter of 2021, subject to the fulfilment of all conditions precedent in the agreement. As of August 4, 2021, KLK Land Sdn Bhd fullfilled all the conditions precedent.


© S&P Capital IQ 2021
All news about BATU KAWAN BERHAD
08/18Batu Kawan Berhad Reports Earnings Results for the Third Quarter Ended June 3..
CI
08/04KLK Land Sdn Bhd completed the acquisition of Batu Kawan Holdings Sdn Bhd fro..
CI
07/23KLK Land Sdn Bhd entered into a share sale agreement to acquire Batu Kawan Ho..
CI
06/11ICONIC WORLDWIDE : Unit Secures Nearly $32 Million Worth of Banking Facilities
MT
05/19Tranche Update on Batu Kawan Berhad's Equity Buyback Plan announced on March ..
CI
05/19Batu Kawan Berhad Reports Earnings Results for the Second Quarter Ended March..
CI
05/19Batu Kawan Berhad Announces Interim Single Tier Dividend for the Financial Ye..
CI
03/04MARKET CHATTER : Greatech Technology to Build Second Factory in Batu Kawan
MT
03/03Batu Kawan Berhad commences an Equity Buyback Plan under the authorization ap..
CI
03/01Batu Kawan Berhad Appoints Lim Ban Aik as Independent and Non-Executive Direc..
CI
More news
Financials
Sales 2020 16 078 M 3 856 M 3 856 M
Net income 2020 417 M 100 M 100 M
Net Debt 2020 2 754 M 660 M 660 M
P/E ratio 2020 14,3x
Yield 2020 3,65%
Capitalization 8 248 M 1 977 M 1 978 M
EV / Sales 2019 0,56x
EV / Sales 2020 0,54x
Nbr of Employees -
Free-Float 18,9%
Chart BATU KAWAN BERHAD
Duration : Period :
Batu Kawan Berhad Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BATU KAWAN BERHAD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Managers and Directors
Hau Hian Lee Managing Director & Executive Director
Swee Eng Goh Co-Secretary & Chief Financial Officer
Oi Hian Lee Non-Independent Non-Executive Chairman
Eng Khoon Yeoh Senior Independent Non-Executive Director
Chek Tin Quah Independent Non-Executive Director
Sector and Competitors