The banking industry has already processed the vast majority of applications received for targeted repayment assistance, with a 98% approval rate for individuals and small and medium enterprises (SMEs) as of mid-September.

Conducted in collaboration with Petron, Tourism Malaysia and PayNet, the campaign runs from Oct 1 to Dec 31, 2020, and is open to all Malaysian bank-issued ATM MyDebit cardholders who purchase at least RM5 worth of fuel in a single receipt at any of Petron’s outside payment terminals nationwide.

the collaboration with Petron and PayNet (Payments Network Malaysia Sdn Bhd) through this contest because this simple method will further increase the mobility of the public which in turn contributes to cash flow and income generation in the country

Faridah said Petron is the first petrol station network in the country to offer ATM MyDebit payment without the three-day RM200 pre-authorisation detention.

General manager Faridah Ali said this is based on the success of the contest’s first edition,”FUEL-YoooH MyDebit Je Dengan Kad ATM Anda”, which was launched in January this year.

Petron Malaysia expects more customers to utilise the ATM MyDebit facility at its petrol stations, following the launch of the second series of the “Fuel Penuh Gaya MyDebit Je Dengan Kad ATM Anda” contest campaign.

According to Reuters, the US Customs and Border Protection (CBP) agency said that the US had banned imports of palm oil from FGV following investigations into allegations that it uses forced labour.

Plantation stocks drop in morning trade after US bans FGV palm oil imports over forced labour claims

FGV is disappointed that such a decision has been made when FGV has been taking concrete steps over the past several years in demonstrating its commitments to respecting human rights and upholding labour standards,” it said.

In response, FGV issued a statement today, saying the issues raised by the CBP had been the subject of public discourse since 2015 and it had taken several steps to correct the situation.

According to Reuters, the US Customs and Border Protection (CBP) agency said that the US had banned imports of palm oil from FGV following investigations into allegations that it uses forced labour.

Plantation stocks dropped among Bursa Malaysia's top losers in the morning trading session today after it was reported that the US had banned imports of palm oil from FGV Holdings Bhd amid investigations into forced labour claims.

DATO' SRI LIM TECK BOON 28-Sep-2020 Acquired 1,079,600 RM 1.75

17-Sep-2020 MR LAU JOO YONG Disposed comfort 15,877,050

21/09/2020 LEE KIM YEW Disposed 180,000,000

Tropicana Corporation Bhd has issued an RM100 million sukuk out of its RM1.5 billion Sukuk Wakalah programme to repay borrowings and defray financing expenses
The repayment of existing financing and borrowings is to unencumber the secured properties. The proceeds will also be utilised to defray fees, costs and expenses in relation to the issuance of the sukuk and the Sukuk Wakalah programme
According to the group, the Islamic bond has a five-year tenor, senior ranking and a security cover of 1.5 times, while the Sukuk Wakalah programme has been assigned a credit rating of A+IS with a stable outlook by Malaysian Rating Corporation Bhd.
HSBC Amanah Malaysia Bhd is the sole principal adviser and lead arranger for the Sukuk Wakalah programme, and the sole lead manager for the sukuk issuance.
Tropicana said it also plans to utilise the proceeds as capital expenditure, working capital and for investments and refinancing.
The money shall be utilised by the company for Shariah-compliant purposes in the order of priority.

Tropicana issues RM100m sukuk to repay borrowings, defray financing expenses

Iconic
RANGKAIAN JIWA SDN BHD 24/08/2020 Disposed 8,000,000

Disposal of shares by Dato' Sri Teng Ah Kiong 01/09/2020 Disposed 109,887,200

COMFORT GLOVES BERHAD Notice of Person Ceasing Name : LAU JOO KIEN BRIAN
Transactions: 02/09/2020 Disposed 84,000,000 -

Comfort Gloves' majority shareholder sells off stake
KUALA LUMPUR (Sept 4): Comfort Gloves Bhd's largest shareholder Brian Lau Joo Kien has sold a 14.41% stake in the company despite high expectations of exponential earnings growth in the rubber glove manufacturing industry as the Covid-19 pandemic has resulted in strong demand for personal protective equipment, including disposable rubber gloves.
Comfort Gloves is not the only one that has seen its controlling shareholder sell off stakes as share prices escalate.
The Lim family, which controls Kossan Rubber Industries Bhd, has been trimming its stake in the glove manufacturing firm. The latest transaction was done last Friday to dispose of some 8.38 million shares. Between April 17 and Aug 28, the Lim family sold about 55.03 million shares in Kossan held by Kossan Holdings (M) Sdn Bhd.
Back to Comfort Gloves, Joo Kien's investment vehicle Keen Setup Sdn Bhd disposed of 84 million shares, equivalent to a 14.41% stake, on Wednesday, the company's filing with Bursa Malaysia showed.
The filing did not reveal the transaction price for the shares sold.
After the share sale, Joo Kien is left with 150,000 shares or a 0.026% stake in Comfort Gloves, whose share price has reversed its upward trend in recent weeks.
Joo Kien emerged as a substantial shareholder of Comfort Gloves in January 2015 after he purchased some 68.5 million shares or an 11.75% stake. The glove manufacturer's share price was then trading at around 60 sen level compared with today's closing price of RM4.26. Comfort Gloves' share price hit an all-time high of RM6.76 early last month. The stock has gained 439% year to date.
The company's earlier filings showed that Joo Kien accumulated about 15.65 million shares between May and August this year in three blocks of transactions.
Joo Kien is a son of Datuk Lau Eng Guang from the Lau family that controls Leong Hup International Bhd. Joo Kien's brother Lau Joo Yong is an executive director of Comfort Gloves while his cousin Lau Joo Pern is non-executive director of Comfort Gloves.
Joo Yong owned a direct interest of 6.33% or 36.88 million shares in Comfort Gloves as at Aug 14, while Eng Guang holds a direct interest of 3.68% or 21.43 million shares and an indirect interest of 14.41% or 84 million shares via Keen Setup.

RENOUNCEABLE RIGHTS ISSUE OF UP TO 268,754,045 ORDINARY SHARES IN TFP AT AN ISSUE PRICE OF RM0.03 PER RIGHTS SHARE,TOGETHER WITH UP TO 268,754,045 FREE DETACHABLE WARRANTS ON THEBASIS OF 1 RIGHTS SHARE AND 1 WARRANT FOR EVERY 1 EXISTING TFP SHARE HELD AS AT5.00 P.M. ON 28 AUGUST 2020


Entitlement Type: Rights Issue
Entitlement Date and Time: 28/08/2020 05:00 PM
Year Ending/Period Ending/Ended Date:
EX Date: 27/08/2020
To SCANS Date:
Payment Date:
Interest Payment Period:
Rights Issue Price: 0.030

DATO' MOHD RIZAL BIN MOHD JAAFAR (a company director)

6 Aug 2020 WIDAD DATO' MOHD RIZAL BIN MOHD JAAFAR disposed 6,000,000

6 Aug 2020 DNONCE TOE TEOW HENG 5,550,000 units Disposed

LAU KOK FUI Executive Director

6 Aug 2020 MYSCM LAU KOK FUI 10,495,500 units Disposed

6 Aug 2020 YILAI HAMPTON CAPITAL PTE LTD 2,500,000 units Disposed

06/08/2020 CAELY GOH CHOON KIM 4,630,900 units Disposed

HAP SENG INSURANCE SERVICES SDN BHD CEASED AS A SUBSTANTIAL SHAREHOLDER

6 Aug 2020 BORNOIL HAP SENG INSURANCE SERVICES SDN BHD 273,000,000 units Disposed

Dato’ Sri Lee See Yang as Executive Director
6 Aug 2020 Lee See Yang 570,500,000 units Disposed

LIM JIT WEI is Executive Director
BCMALL LIM JIT WEI 14,267,500 units Disposed

DATO' ANG CHENG SIONG is Group Managing Director

29-Jul-2020 IKHMAS DATO' ANG CHENG SIONG Disposed 20,000,000

Six companies trigger PN17/GN3 criteria
Six companies, which accounted for 0.67 per cent of the total listed companies on Bursa Malaysia, have triggered the suspended criteria of PN17 and GN3 as at July 28, 2020.
That consisted of five Main Market listed companies and one ACE Market listed company, respectively, according to Bursa Malaysia.
"Apart from AirAsia Group Bhd, four other Main Market companies that have triggered the suspended criteria of PN17 as at April 17, 2020 were, namely Gets Global Bhd, Ikhmas Jaya Group Bhd, Khee San Bhd, and Cymao Holdings Bhd, while Bahvest Resources Bhd has triggered the suspended criteria of GN3," it said.
However, Bursa Malaysia said these companies would not be classified as PN17/GN3 companies, and would not be required to comply with the obligations under the paragraph/Rule 8.04 and PN17 or GN3 of the listing requirements for 12 months, following the relief measures announced by the exchange on April 16, 2020.
To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28, 2020, representing 2.89 per cent of the total companies listed on the local exchange during the period.

Six companies trigger PN17/GN3 criteria
Six companies, which accounted for 0.67 per cent of the total listed companies on Bursa Malaysia, have triggered the suspended criteria of PN17 and GN3 as at July 28, 2020.
That consisted of five Main Market listed companies and one ACE Market listed company, respectively, according to Bursa Malaysia.
"Apart from AirAsia Group Bhd, four other Main Market companies that have triggered the suspended criteria of PN17 as at April 17, 2020 were, namely Gets Global Bhd, Ikhmas Jaya Group Bhd, Khee San Bhd, and Cymao Holdings Bhd, while Bahvest Resources Bhd has triggered the suspended criteria of GN3," it said.
However, Bursa Malaysia said these companies would not be classified as PN17/GN3 companies, and would not be required to comply with the obligations under the paragraph/Rule 8.04 and PN17 or GN3 of the listing requirements for 12 months, following the relief measures announced by the exchange on April 16, 2020.
To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28, 2020, representing 2.89 per cent of the total companies listed on the local exchange during the period.

Six companies trigger PN17/GN3 criteria
Six companies, which accounted for 0.67 per cent of the total listed companies on Bursa Malaysia, have triggered the suspended criteria of PN17 and GN3 as at July 28, 2020.
That consisted of five Main Market listed companies and one ACE Market listed company, respectively, according to Bursa Malaysia.
"Apart from AirAsia Group Bhd, four other Main Market companies that have triggered the suspended criteria of PN17 as at April 17, 2020 were, namely Gets Global Bhd, Ikhmas Jaya Group Bhd, Khee San Bhd, and Cymao Holdings Bhd, while Bahvest Resources Bhd has triggered the suspended criteria of GN3," it said.
However, Bursa Malaysia said these companies would not be classified as PN17/GN3 companies, and would not be required to comply with the obligations under the paragraph/Rule 8.04 and PN17 or GN3 of the listing requirements for 12 months, following the relief measures announced by the exchange on April 16, 2020.
To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28, 2020, representing 2.89 per cent of the total companies listed on the local exchange during the period.

Six companies trigger PN17/GN3 criteria
Six companies, which accounted for 0.67 per cent of the total listed companies on Bursa Malaysia, have triggered the suspended criteria of PN17 and GN3 as at July 28, 2020.
That consisted of five Main Market listed companies and one ACE Market listed company, respectively, according to Bursa Malaysia.
"Apart from AirAsia Group Bhd, four other Main Market companies that have triggered the suspended criteria of PN17 as at April 17, 2020 were, namely Gets Global Bhd, Ikhmas Jaya Group Bhd, Khee San Bhd, and Cymao Holdings Bhd, while Bahvest Resources Bhd has triggered the suspended criteria of GN3," it said.
However, Bursa Malaysia said these companies would not be classified as PN17/GN3 companies, and would not be required to comply with the obligations under the paragraph/Rule 8.04 and PN17 or GN3 of the listing requirements for 12 months, following the relief measures announced by the exchange on April 16, 2020.
To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28, 2020, representing 2.89 per cent of the total companies listed on the local exchange during the period.

Six companies trigger PN17/GN3 criteria
Six companies, which accounted for 0.67 per cent of the total listed companies on Bursa Malaysia, have triggered the suspended criteria of PN17 and GN3 as at July 28, 2020.
That consisted of five Main Market listed companies and one ACE Market listed company, respectively, according to Bursa Malaysia.
"Apart from AirAsia Group Bhd, four other Main Market companies that have triggered the suspended criteria of PN17 as at April 17, 2020 were, namely Gets Global Bhd, Ikhmas Jaya Group Bhd, Khee San Bhd, and Cymao Holdings Bhd, while Bahvest Resources Bhd has triggered the suspended criteria of GN3," it said.
However, Bursa Malaysia said these companies would not be classified as PN17/GN3 companies, and would not be required to comply with the obligations under the paragraph/Rule 8.04 and PN17 or GN3 of the listing requirements for 12 months, following the relief measures announced by the exchange on April 16, 2020.
To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28, 2020, representing 2.89 per cent of the total companies listed on the local exchange during the period.

Relief measures will uplift companies from PN17/GN3 status
Commenting on Bursa Malaysia’s relief measures, Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said they would help companies to be uplifted from the PN17/GN3 status, thus enabling them to increase the threshold for new issue of securities to facilitate and expedite fundraising.
Under one of the relief measures announced on April 16, 2020, a listed issuer can now increase the general mandate threshold for new issue of securities from the existing 10 per cent to not more than 20 per cent of the total number of issued shares.
However, Adam reckoned that should COVID-19 remain unresolved, cash preservation is one of the key steps that companies should take to be uplifted from the PN17/GN3 status.
He said it could also be done via prudent management of capital expenditure, especially in regard to expansion plans.
“We do not discount the possibility of more companies falling into such status (by year-end), especially companies that depend on the global supply chain amid the resurgence of COVID-19 cases worldwide which may prompt another series of lockdown.
“Sectors that are vulnerable include manufacturing that rely on exports and the global supply chain,” he said, while advising companies to manage their working capital more prudently and perhaps, restructure debt with financial institutions if it is over-geared.

Six companies trigger PN17/GN3 criteria
Six companies, which accounted for 0.67 per cent of the total listed companies on Bursa Malaysia, have triggered the suspended criteria of PN17 and GN3 as at July 28, 2020.
That consisted of five Main Market listed companies and one ACE Market listed company, respectively, according to Bursa Malaysia.
"Apart from AirAsia Group Bhd, four other Main Market companies that have triggered the suspended criteria of PN17 as at April 17, 2020 were, namely Gets Global Bhd, Ikhmas Jaya Group Bhd, Khee San Bhd, and Cymao Holdings Bhd, while Bahvest Resources Bhd has triggered the suspended criteria of GN3," it said.
However, Bursa Malaysia said these companies would not be classified as PN17/GN3 companies, and would not be required to comply with the obligations under the paragraph/Rule 8.04 and PN17 or GN3 of the listing requirements for 12 months, following the relief measures announced by the exchange on April 16, 2020.
To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28, 2020, representing 2.89 per cent of the total companies listed on the local exchange during the period.

Bursa may give more time to firms to submit PN17/GN3 regularisation plan
KUALA LUMPUR (Aug 6): Bursa Malaysia Bhd will consider granting a further extension of time for companies, which triggered the criteria of Practice Note 17 (PN17) and Guidance Note 3 (GN3) from Jan 2, 2019 to Dec 31, 2020, to enable them to submit their regularisation plans to the Securities Commission (SC) or the exchange after the 24-month grace period.
Nevertheless, this would only be done on a case-by-case basis and based on the requirements made by the companies to Bursa Malaysia.
The local stock exchange operator said it is cognisant that the COVID-19 pandemic would have a material impact on the efforts and ability of PN17/GN3 companies to regularise their financial condition.
"As such, we have introduced a relief measure on March 26, 2020, whereby companies that trigger any of the criteria of PN17/GN3, between Jan 2, 2019 and Dec 31,2020, are accorded a longer period of 24 months, instead of the existing 12 months, to submit their regularisation plans to the SC or the exchange.
"The exchange will consider granting a further extension of time (more than 24 months) if required on a case-by-case basis, taking into account the justifications and material developments at that point of time," Bursa Malaysia told Bernama in an email interview recently.
Meanwhile, additional relief measures were also announced on April 16, 2020, whereby Bursa Malaysia said companies that triggered any of the suspended criteria between April 17, 2020 and June 30, 2021, would not be classified as a PN17 or GN3 company for 12 months.
This aims to provide a greater flexibility to the affected listed companies to focus on sustaining their businesses and operations and regularise their financial condition thereon.
"After the 12-month period, the affected listed companies will be required to re-assess their condition to see if it continues to trigger any of the criteria of PN17 or GN3.
"If it continues to trigger any of the said criteria, then they will be classified as PN17 or GN3 and will be required to comply with the obligations," it said.
PN17 classification involves financially distressed companies that are listed on Bursa Malaysia's Main Market, while GN3 status refers to distressed companies that are listed on the ACE Market.

Lim Kon Lian is our Co-Founder and Managing Director.

5 Aug 2020 LKL LIM KON LIAN (27,000,000 units Disposed)

Lim Kon Lian is our Co-Founder and Managing Director.

3 Aug 2020 LKL LIM KON LIAN (30,000,000 units Disposed)

Koh Lap Hing was Deputy Chairman
30-Jul-2020 BCMALL MR KOH LAP HING Disposed 4,000,000

Dato’ Choon Yee Seiong is Executive Chairman

03-Aug-2020 POHKONG DATO CHOON YEE SEIONG Disposed 1,600,000

Lim Kon Lian is our Co-Founder and Managing Director.

3 Aug 2020 LKL LIM KON LIAN (30,000,000 units Disposed)

It was equipped with advanced security features including the biometric and barcodes to facilitate inspections by the authorities.The Immigration Department had suspended the programme since July last year, citing technical issues

The i-Kad was issued based on the sector the foreign worker is in — differentiated by the colour of the card — namely expatriates (gold), agriculture (green), plantation (orange), construction (grey), services (yellow), manufacturing (red) and domestic helpers (brown)

JOSEPH LEE YOK MIN Acquired Bornoil 17,850,000

27 Mar 2019
BORNOIL
JOSEPH LEE YOK MIN
Appointment Executive Director

It was equipped with advanced security features including the biometric and barcodes to facilitate inspections by the authorities

In 2014, Putrajaya had then introduced the i-Kad as an identification card for foreigners, to help authorities track undocumented migrants