Parkson Holdings Bhd (PRKN.KL) Key Developments | Reuters.com
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Parkson Holdings Bhd (PRKN.KL)

PRKN.KL on Kuala Lumpur Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Parkson Holdings says qtrly net loss of 25.5 million rgt versus profit of 3 million rgt
Tuesday, 31 May 2016 05:23am EDT 

Parkson Holdings Bhd : Qtrly net loss of 25.5 million rgt versus profit of 3 million rgt; qtrly revenue 1.03 billion rgt versus 1.05 billion rgt .  Full Article

Parkson Holdings Bhd's subsidiary completes disposal
Wednesday, 5 Aug 2015 08:00pm EDT 

Parkson Holdings Bhd:Says a 60 pct owned subsidiary, AUM Hospitality Sdn Bhd (AUMH), completed the disposal of 2 ordinary shares of 1 Ringgit each fully paid representing 100 pct equity interest in The Library Gastropub VII Sdn Bhd (LGSB).And 100 shares of 1 Ringgit representing 100 pct equity interest in Taste of The World (TWSB) together with subsidiary, Geographic Adventure to Connexion Holdings for consideration of 2 Ringgits and Connexion assuming all amounts due by LGSB and TWSB to AUMH of an amount of 3 million Ringgits.Consequent thereupon, the Companies ceased to be subsidiaries of the company.  Full Article

Parkson Holdings Bhd declares share dividend
Tuesday, 9 Jun 2015 08:00pm EDT 

Parkson Holdings Bhd:Declares share dividend on the basis of 3 treasury shares for every 50 ordinary shares of RM1.00 each held in the Company.Payable on July 02.  Full Article

Parkson Holdings announces share buyback
Wednesday, 18 Mar 2015 12:00pm EDT 

Parkson Holdings Bhd:Announces buy back of 1,879,000 shares.Total consideration of $3,981,164.18.  Full Article

Parkson Holdings Bhd updates on proposed disposal of KL Festival City Mall
Thursday, 22 Jan 2015 11:00am EST 

Parkson Holdings Bhd:Refer to the announcements made by the company on Aug. 19, 2014 and Dec. 31, 2014 in relation to the proposed disposal of KL Festival City Mall.Terms used in this announcement shall, unless the context otherwise requires, have the same meaning as defined in the announcements.Board of Directors of Parkson Holdings announces that the proposed disposal was completed on Jan. 23 in accordance with the terms and conditions of the SPA.  Full Article

Parkson Holdings Bhd announces incorporation of a subsidiary
Thursday, 15 Jan 2015 07:00pm EST 

Parkson Holdings Bhd:Says that Shanghai Lion Parkson Investment Consultant Co., Ltd., a wholly-owned subsidiary of Parkson Retail Group Limited, which in turn is a 52.71 pct owned subsidiary of company, received the Business Licence of Shanghai Lion Parkson Management Consultant Co Ltd.Receives Business Licence following its incorporation by Shanghai Lion Parkson Investment in the People’s Republic of China on Jan. 12.Shanghai Lion Parkson Management is wholly-owned by Shanghai Lion Parkson Investment.Consequent thereupon, Shanghai Lion Parkson Management became a wholly-owned subsidiary of Parkson Retail and hence, a subsidiary of the Company.Shanghai Lion Parkson Management will have a registered capital of 10 mln yuan (equivalent to 5.7 ringgit) and will be involved in trading and provision of management consultancy services.  Full Article

Parkson Holdings Bhd's subsidiary announces incorporation/acquisition/dissolution of subsidiaries
Tuesday, 30 Dec 2014 07:00pm EST 

Parkson Holdings Bhd:Says incorporation/acquisition of four subsidiaries (New Companies) by wholly-owned subsidiaries of Parkson Retail Group Limited, a 52.10 pct owned subsidiary of company.Consequent thereupon, New Companies became wholly-owned subsidiaries of Parkson Retail and hence, subsidiaries of the Company.Board says that Parkson Retail had on Dec. 31 received a confirmation from Shijiazhuang Administration for Industry and Commerce Department, the People's Republic of China (PRC).Confirmation regarding the business licence for Shijiazhuang Parkson Retail Co., Ltd., a wholly-owned subsidiary of Parkson Retail, had been cancelled on Dec. 31.Hence, Shijiazhuang was voluntarily dissolved and ceased to be a subsidiary of company on Dec. 31.Four new companies are Lion Food & Beverage Ventures Limited, Qingdao Parkson Shopping Plaza Co., Ltd., Qingdao Lion Plaza Retail Management Co., Ltd. and Parkson Food & Beverage Ventures Limited.Parkson Food & Beverage Ventures Limited is acquired on Dec. 23 at a consideration of HK$1.  Full Article

Parkson Holdings Bhd 's subsidiary inks agreement with Ayer Keroh Resort Sdn Bhd
Tuesday, 23 Dec 2014 07:00pm EST 

Parkson Holdings Bhd:Says Megan Mastika Sdn Bhd, subsidiary entered into two separate sale and purchase agreements with Ayer Keroh Resort Sdn Bhd.For sale and purchase agreement (Dimensi Andaman SPA) for proposed acquisition by Megan Mastika of 300,000 ordinary shares of 1Ringgit each fully paid representing 100 pct equity interest in Dimensi Andaman Sdn Bhd.Says acquisition for cash consideration of 1 Ringgit and assignment of proforma amount due to AKR by Dimensi Andaman of 53.72 mln Ringgit to Megan Mastika for cash consideration of 53.72 mln Ringgit.Also for sale and purchase agreement (AKR Land SPA) for proposed acquisition by Megan Mastika of 6 acres of land located in Kawasan Bandar XLII, Daerah Melaka Tengah, Negeri Melaka for cash consideration of 39.24 mln Ringgit.  Full Article

Parkson Holdings Bhd's Prime Yield Holdings Limited announces acquisition of Prestasi Serimas
Thursday, 11 Dec 2014 07:00pm EST 

Parkson Holdings Bhd's Prime Yield Holdings Limited:Acquires the entire issued and paid-up capital of Prestasi Serimas Sdn Bhd for a cash consideration of 2.00 ringgit.Consequent thereupon, Prestasi Serimas became a wholly-owned subsidiary.  Full Article

Parkson Holdings Bhd announces incorporation of a wholly-owned subsidiary
Wednesday, 5 Nov 2014 07:00pm EST 

Parkson Holdings Bhd:Says Parkson Branding Sdn Bhd, a wholly-owned subsidiary, has incorporated a wholly-owned subsidiary in Labuan, Parkson Branding (L) Limited (“Parkson Branding (L)”) with an issued and paid-up capital of US$1.00 comprising 1 ordinary share.Principally involved in trading and marketing of fashionable goods.  Full Article