Key Developments: Parkson Holdings Bhd (PRKN.KL)
3.85MYR
23 May 2013
RM-0.01 (-0.26%)
RM3.87
RM3.86
RM3.87
RM3.81
1,756,400
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Latest Key Developments (Source: Significant Developments)
Parkson Holdings Berhad Announces Establishment of Wholly-Owned Subsidiary Of Parkson Holdings Berhad
Parkson Holdings Berhad announced that the Minister of Commerce of the Kingdom of Cambodia had on April 30, 2013 issued a certificate of incorporation in relation to the establishment by True Excel Investments Limited (True Excel Limited), a wholly-owned subsidiary of Parkson Holdings, of a wholly-owned subsidiary namely, True Excel Investments (Cambodia) Co., Ltd. (True Excel Cambodia), in the Kingdom of Cambodia on April 30, 2013. The registered capital of True Excel Cambodia is 20,000,000 Riels (equivalent to approximately RM15,385) divided into 1,000 shares with each share having a value of 20,000 Riels (equivalent to approximately RM15). Full Article
Parkson Holdings Bhd Declares Second Interim Dividend
Parkson Holdings Bhd announced that it has declared a second interim single tier dividend of MYR0.08 per ordinary share in respect of the financial year ending June 30, 2013 payable on May 22, 2013. Ex-dividend date on May 8, 2013. Full Article
Parkson Holdings Berhad's Parkson Retail Asia Limited Announces Incorporation Of An Indirect Subsidiary
Parkson Holdings Berhad announced that Parkson Retail Asia Limited (PRA), a 67.61% owned subsidiary of the Company listed on the SGX-ST, on April 4, 2013 in relation to the incorporation of an indirect subsidiary namely, Myanmar Parkson Company Limited in Myanmar. The initial paid-up capital of Myanmar Parkson is USD300,000 with 90% held by Parkson Myanmar Investment Company Pte Ltd (PMIC) (a 70% owned subsidiary of PRA) and 10% held by Parkson Myanmar Asia Pte Ltd (a wholly owned subsidiary of PMIC). Full Article
Parkson Holdings Berhad's Dyna Puncak Sdn Bhd Acquires True Excel Investments Limited
Parkson Holdings Berhad announced that Dyna Puncak Sdn Bhd, a wholly-owned subsidiary of the Company, had on March 5, 2013, subscribed for one ordinary share of USD1.00 each in the capital of True Excel Investments Limited (True Excel) at par for cash. Consequent thereupon, True Excel became a wholly-owned subsidiary of the Company. Full Article
Parkson Holdings Berhad Announces Acquisition Of Subsidiaries
Parkson Holdings Berhad announced that Dyna Puncak Sdn Bhd, a wholly-owned subsidiary of the Company, had on January 25, 2013 acquired the entire issued and paid-up capital of Gema Binari Sdn Bhd (Gema Binari) for a cash consideration of MYR2.00. Gema Binari is the legal and beneficial owner of the entire equity interest in Dimensi Armani Sdn Bhd (Dimensi Armani). Consequent thereupon, Gema Binari and Dimensi Armani (collectively referred to as the New Companies) became wholly-owned subsidiaries of the Company. Full Article
Parkson Holdings Berhad Announces Incorporation Of Subsidiary
Parkson Holdings Berhad announced that Kunming Yun Shun He Retail Development Co., Ltd. (Kunming Yun Shun He), a wholly-owned subsidiary of Parkson Retail Group Limited (Parkson Retail), which in turn is a 51.53% owned subsidiary of the Company and listed on The Stock Exchange of Hong Kong Limited had on January 10, 2013, received the Business Licence pursuant to the incorporation by Kunming Yun Shun He of a wholly-owned subsidiary, Panzhihua Parkson Retail Development Co., Ltd. (Panzhihua Parkson), in the People’s Republic of China on January 9, 2013. Consequent thereupon, Panzhihua Parkson became a wholly-owned subsidiary of Parkson Retail and hence, a subsidiary of the Company. Full Article
Parkson Holdings Berhad Completes Proposed Acquisition Of Land
Parkson Holdings Berhad announced that the acquisition of 15 acres out of the 23.22 acres undivided interest of land located in Kawasan Bandar XLII, Daerah Melaka Tengah, Negeri Melaka (Subject Land) for a cash consideration of MYR98 million (Purchase Consideration) (Proposed Acquisition) by the Company's wholly-owned subsidiary Megan Mastika Sdn Bhd (Megan Mastika) has been completed. Full Article
Parkson Holdings Berhad Announces FY 2013 Final Dividend
Parkson Holdings Berhad announced its interim single tier dividend of MYR 0.10 per share for fiscal year 2013 (period ending June 30, 2013). The dividend will be paid on December 10, 2012, and the entitlement date is November 29, 2012. Full Article
Parkson Holdings Bhd's Subsidiary Acquires Magna Rimbun Sdn Bhd
Parkson Holdings Bhd announced that its wholly owned subsidiary, Dyna Puncak Sdn Bhd, had on August 30, 2012, acquired the entire issued and paid-up capital of Magna Rimbun Sdn Bhd (Magna Rimbun) for a cash consideration of MYR 2.00. Magna Rimbun is the legal and beneficial owner of the entire equity interest in Megan Mastika Sdn Bhd (Megan Mastika). Full Article
Parkson Holdings Bhd's Subsidiary To Establish Joint Venture Company With Yoma Strategic Holdings Ltd And First Myanmar Investment Company Limited
Parkson Holdings Bhd announced that Parkson Retail Asia Limited and Parkson Myanmar Co. Pte. Ltd (Parkson Myanmar), a wholly owned subsidiary of the Company, had on August 14, 2012, entered into a memorandum of agreement (MOA) with Yoma Strategic Holdings Ltd (YSH) and First Myanmar Investment Company Limited (FMI), a subsidiary of Serge Pun & Associates (Myanmar) Limited, for the purpose of establishing a joint-venture company to operate departmental stores in the name and style of Parkson Department Store in Myanmar. Under the MOA, Parkson Myanmar will hold 70% of the joint venture company while YSH will hold 20% with the balance 10% to be held by FMI. Full Article
Parkson's HK unit to pay as much as $252 mln for China shopping mall
KUALA LUMPUR, Dec 21 - A Hong-Kong listed unit of Malaysia's Parkson Holdings Bhd will pay as much as 1.57 billion yuan ($252 million) to own a shopping mall in eastern China from Shanghai Industrial Development Co. Ltd .
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