Key Developments: Petronas Chemicals Group Bhd (PCGB.KL)

PCGB.KL on Kuala Lumpur Stock Exchange

6.39MYR
30 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Petronas Chemicals Group Bhd declares second interim dividend
Tuesday, 17 Feb 2015 07:00pm EST 

Petronas Chemicals Group Bhd:Declared a second interim single tier dividend of 8 sen per ordinary share, amounting to 640 million Ringgits to shareholders for FY 2014 (2013 : second interim dividend of 12 sen per share, amounting to 960 million Ringgits).The dividends are payable on March 24 to depositors registered in the records of depositors at the close of business on March 9.  Full Article

Petronas Chemicals Group Bhd declares interim dividend
Sunday, 10 Aug 2014 08:00pm EDT 

Petronas Chemicals Group Bhd:Declares interim single tier dividend of 8 sen per ordinary share in respect of financial year ending Dec. 31, 2014.Dividends are payable on Sept. 12 to depositors registered in the Records of Depositors at the close of business on Aug. 26.  Full Article

Petronas Chemicals Group Bhd completes divestment of subsidiary to Asahi Glass Co Ltd and Mitsubishi Corp
Thursday, 12 Jun 2014 08:00pm EDT 

Petronas Chemicals Group Bhd:Says it has completed the agreement to divest its entire 93.11 pct interest in Phu My Plastics and Chemical Co Ltd (PMPC) to Asahi Glass Co Ltd and Mitsubishi Corporation.This is pursuant to PCG announcement made on Nov. 6, 2013.With this sale completion, PMPC ceases to be a subsidiary of PCG.PMPC employees will continue to be employed under the new owners.  Full Article

Petronas Chemicals Group Bhd's CEO resigns
Wednesday, 23 Apr 2014 08:00pm EDT 

Petronas Chemicals Group Bhd:Says Datuk Abd Hapiz bin Abdullah has resigned as chief executive officer effective April 24.  Full Article

Petronas Chemicals Group Bhd's subsidairy incorporates subsidiary
Sunday, 16 Mar 2014 08:00pm EDT 

Petronas Chemicals Group Bhd:Wholly-owned subsidiary, PETRONAS Chemicals Marketing Sdn Bhd, has incorporated subsidiary, PCM (Thailand) Company Limited in Thailand March13 under Thailand Civil and Commercial Code.Registered capital of PCMT is fixed in amount of 300 mln Bhat and principal activities of PCMT are sourcing and marketing of petrochemical product.  Full Article

Petronas Chemicals Group Bhd proposes change of auditors
Thursday, 20 Feb 2014 07:00pm EST 

Petronas Chemicals Group Bhd:Says that the company had received a notification in writing from Messrs KPMG Desa Megat & Co. informing the Directors of the company of their intention not to seek for re-appointment as Auditors of the company at the forthcoming Annual General Meeting.Says due to the streamlining of Messrs KPMG Desa Megat & Co.'s and Messrs KPMG's clients’ portfolio in Malaysia into one single entity under Messrs KPMG.  Full Article

Petronas Chemicals Group Bhd declares interim dividend
Sunday, 9 Feb 2014 07:00pm EST 

Petronas Chemicals Group Bhd:Declares second interim single tier dividend of 12 sen per ordinary share for the financial year Dec. 31 to be payable on Mar. 18.  Full Article

Petronas Chemicals Group Bhd announces settlement agreement between Petronas Gas Berhad (PGB) and VCMSB
Sunday, 9 Feb 2014 07:00pm EST 

Petronas Chemicals Group Bhd:Says that Vinyl Chloride Malaysia Sdn Bhd (VCMSB) a wholly owned subsidiary of PCG has agreed in principle to enter into a Settlement Agreement with PETRONAS Gas Berhad, a subsidiary of PETRONAS, for early termination of the Sales and Purchase Agreement.Says for Utilities and Electricity as a result of VCMSB business discontinuation.Says the aforesaid transaction is deemed a related party transaction pursuant to paragraph 10.08 of the Listing Requirements.Says the proposed settlement amount of 97.03 million Ringgit will be payable in 6 equal tranches across the remaining contract years under the Agreement commencing 2016 with final installment due on Dec. 31, 2021.Says the amount has already been provided for in full in the financial year ended Dec. 31, 2013.  Full Article

Petronas Chemicals Group Bhd Divests Stake In Phu My Plastics And Chemical Company Ltd
Wednesday, 6 Nov 2013 04:51am EST 

Petronas Chemicals Group Bhd announced that it has entered into an agreement to divest all its interest in Phu My Plastics and Chemical Company Ltd. (PMPC) to Asahi Glass Co. Ltd. and Mitsubishi Corporation. PCG holds 93.11% interest in PMPC, a company located in Vietnam with a production capacity of 100,000 metric tonnes per annum of polyvinyl chloride (PVC). The divestment is part of PCG’s plan to discontinue its vinyl business as announced last year, in line with its portfolio optimisation strategy. Completion of the divestment is expected by Q2 2014, subject to conditions in the agreement being met. Deutsche Bank acted as financial adviser to PCG in relation to the transaction.  Full Article

Petronas Chemicals Group Bhd Declares Interim Dividend
Friday, 23 Aug 2013 05:54am EDT 

Petronas Chemicals Group Bhd announced its interim single tier dividend of MYR 0.08 per ordinary share for fiscal year 2013. The dividend will be paid on September 25, 2013, and the entitlement date is September 10, 2013.  Full Article

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