Key Developments: Parkson Holdings Bhd (PRKN.KL)

PRKN.KL on Kuala Lumpur Stock Exchange

3.07MYR
19 Sep 2014
Price Change (% chg)

RM0.11 (+3.72%)
Prev Close
RM2.96
Open
RM2.99
Day's High
RM3.16
Day's Low
RM2.97
Volume
6,135,700
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Latest Key Developments (Source: Significant Developments)

Parkson Holdings Bhd does not recommend dividend
Monday, 25 Aug 2014 08:00pm EDT 

Parkson Holdings Bhd:Board does not recommend any dividend for the financial quarter ended June 30, 2014.  Full Article

Parkson Holdings Bhd proposes disposal of KL Festival City Mall
Monday, 18 Aug 2014 08:00pm EDT 

Parkson Holdings Bhd:Says that Festival City Sdn Bhd (FCSB or Vendor), wholly-owned subsidiary of company, and Parkson Holdings on Aug. 19 enters into conditional sale and purchase agreement (SPA).SPA with Festiva Mall Sdn Bhd (Festiva Mall or Purchaser) and AsiaMalls Sdn Bhd, holding company of Festiva Mall, for proposed disposal by FCSB of property known as KL Festival City Mall (KL Festival City Mall or Property).Says cash consideration is 349 mln ringgit.  Full Article

Parkson Holdings Bhd announces proposed acquisitions by subsidiaries
Wednesday, 9 Jul 2014 08:00pm EDT 

Parkson Holdings Bhd:Says Gema Binari Sdn Bhd, subsidiary entered into sale and purchase agreement (Giftmate SPA) with Lim Guang Wei, Teoh Yee Seang and Hing Cheng Jee.Agreement for proposed acquisition of 120,000 ordinary shares of 1Ringgit each fully paid representing 60 pct equity interest in Giftmate Sdn Bhd for cash consideration of 8 mln Ringgit.In addition sale and purchase agreement (Valino SPA) with PT. Binabusana Internusa and Chew Chee Hin.Agreement for proposed acquisition of Valino Sale Shares representing 50 pct equity interest in Valino International Apparel Sdn Bhd (Valino) for cash consideration of 3 mln Ringgit.Prime Yield Holdings Ltd, subsidiary entered into sale and purchase agreement (AUM SPA) with AUM Equity Sdn Bhd.For proposed acquisition of 60,000 ordinary shares of 1 Ringgit each fully paid representing 60 pct equity interest in AUM Hospitality Sdn Bhd (AUM) together with group of companies (AUM Group) for cash consideration of 48 mln Ringgit.  Full Article

Parkson Holdings Bhd announces distribution of share dividend
Tuesday, 8 Jul 2014 08:00pm EDT 

Parkson Holdings Bhd:Distribution of share dividend on basis of three treasury shares for every fifty ordinary shares of 1 Ringgit each held in company, fractions of treasury shares to be disregarded.EX-date will be July 23.Entitlement date will be July 25.Payment date will be Aug. 8.  Full Article

Parkson Holdings Bhd's subsidiaries acquires subsidiaries
Monday, 2 Jun 2014 08:00pm EDT 

Parkson Holdings Bhd:Prime Yield Holdings Limited, a wholly-owned subsidiary acquires entire issued and paid-up capital of United Total Equity Sdn Bhd for cash consideration of 2 Ringgit.United Total is the beneficial owner of the entire equity interest in Harapan Kapital Baru Sdn Bhd.Dimensi Armani Sdn Bhd, a wholly-owned subsidiary acquires entire issued and paid-up capital of Lembaran Untung Sdn Bhd for cash consideration of 2 Ringgit.  Full Article

Parkson Holdings Bhd's indirect subsidiary incorporates subsidiary
Monday, 26 May 2014 08:00pm EDT 

Parkson Holdings Bhd:Parkson Retail Development Co., Ltd., a wholly-owned subsidiary of Parkson Retail Group Limited, which in turn is 52.1 pct owned subsidiary of company.Says receives business licence of Harbin Parkson Retail Development Co., Ltd., following its incorporation by Parkson Retail Development in the People’s Republic of China on 20 May 2014.Harbin Parkson is wholly-owned by Parkson Retail Development.Harbin Parkson will have registered capital of30 mln Yuan and will be principally involved in operation of department store.  Full Article

Parkson Holdings Bhd's Sub-Subsidiary Announces Incorporation Of Subsidiary
Thursday, 31 Oct 2013 08:00pm EDT 

Parkson Holdings Bhd announced that Beijing Huadesheng Property Management Co. Ltd (Huadesheng Property Management), a wholly-owned subsidiary of Parkson Retail Group Limited which in turn is a 51.59% owned subsidiary of the Company received the Business Licence pursuant to the incorporation by Huadesheng Property Management of a wholly-owned subsidiary, Qingdao Parkson Beer City Shopping Mall Co., Ltd. (Qingdao Parkson Beer City), in the People’s Republic of China on November 1, 2013. The registered capital of Qingdao Parkson Beer City is Rmb10 million (equivalent to RM5.2 million) and has been fully paid. Qingdao Parkson Beer City will be principally involved in property management.  Full Article

Parkson Holdings Bhd's Subsidiary Announces Incorporation of Wholly-Owned Subsidiary In Vietnam
Thursday, 19 Sep 2013 06:15am EDT 

Parkson Holdings Bhd referred to the announcement mady by Parkson Retail Asia Limited, a 67.61% owned subsidiary of the Company listed on the SGX-ST, on September 19, 2013 in relation to the incorporation by Parkson Corporation Sdn Bhd, a wholly-owned subsidiary of Parkson Asia, of a wholly-owned subsidiary in Vietnam known as Parkson SGN Co., Ltd, on September 12, 2013, the Investment Certificate of which was received by Parkson Asia on September 18, 2013. Consequent thereupon, Parkson SGN became a wholly-owned subsidiary of Parkson Asia and hence, a subsidiary of the Company.  Full Article

Parkson Holdings Bhd's Parkson Retail Group Limited Announces Incorporation Of Subsidiaries
Tuesday, 10 Sep 2013 06:40am EDT 

Parkson Holdings Berhad (the “Company”) wishes to announced that the incorporation of two subsidiaries in the People's Republic of China (“New Companies”) by two wholly-owned subsidiaries of Parkson Retail Group Limited (“Parkson Retail”), a 51.57% owned subsidiary of the Company and listed on The Stock Exchange of Hong Kong Limited. The Companies are Qingdao Parkson Retail Development Co., Ltd and Zhongshan Parkson Retail Co., Ltd. The New Companies will be principally involved in the retail operation.  Full Article

Parkson Holdings Bhd Announces Incorporation Of Subsidiary
Sunday, 16 Jun 2013 08:00pm EDT 

Parkson Holdings Bhd announced that Shanghai Lion Parkson Investment Consultant Co., Ltd, a wholly-owned subsidiary of Parkson Retail Group Limited, which in turn is a 51.53% owned subsidiary of the Company and listed on The Stock Exchange of Hong Kong Limited had on June 14, 2013, received the Business Licence of Shanghai Shi Jie Fashions Co., Ltd, following its incorporation by Shanghai Lion Parkson in the People’s Republic of China on May 28 2013. Shanghai Shi Jie is wholly-owned by Shanghai Lion Parkson. Consequent thereupon, Shanghai Shi Jie became a wholly-owned subsidiary of Parkson Retail and hence, a subsidiary of the Company. Shanghai Shi Jie will have a registered capital of Rmb10 million (equivalent to MYR5 million) and will be principally involved in retail operation.  Full Article

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