FINWIRES · TerminalLIVE
FINWIRES

YTL Cement Offers to Privatize Concrete Engineering

-- Concrete Engineering Products (KLSE:CEPCO) received an unconditional mandatory take-over offer from YTL Cement (KLSE:YTLCMT), to sell its remaining shares not already owned by the latter.

The offer is priced at 2.60 ringgit per share and will be fully in cash, according to a Wednesday Malaysian bourse filing.

The move follows YTL Cement's existing stake in the company, triggering a mandatory general offer for remaining shareholders.

The offer document was dispatched on April 22, with the acceptance period running until May 13 at 5 pm, the filing said.

Related Articles

Commodities

NWS Warns of Potential Severe Thunderstorms, Wildfire Risks, Flash Flooding

The US National Weather service issued few weather warnings on Friday, but signaled a risk of severe thunderstorms over the weekend, particularly in the southern Plains and into the Mississippi Valley, while in the western High Plains and Southeast, dry, breezy conditions could propagate wildfires.The severe thunderstorm warning covers Joplin, Branson, Fayetteville, Grove, Tulsa, Muskogee, all of which are clustered near the borders of Oklahoma, Missouri and Arkansas.Flash floods are possible in Stillwater in Oklahoma and to the east of Enid and a separate one for Kansas City and neighboring Olathe. Power providers there are Oklahoma Gas & Electric Company (OGE), Entergy Arkansas (ETR), Liberty (LBRT) and Ameren's (AEE) Missouri unit.The combination of wind and relatively low humidity prompted a warning of fire weather for all of the eastern half of Colorado, stretching into the southeastern corner of Wyoming and southwestern Nebraska.In Colorado, the warning covered Springfield, Kim, Trinidad, San Luis, Alamosa, La Veta Pass, Saguache, Westcliffe, Pueblo, Canon City, La Junta, Lamar, Eads, Salida, Buena Vista, Pikes Peak, Colorado Springs, Limon, Woodland Park, Leadville, Denver, Boulder, Akron, Fort Morgan, Greeley and Fort Collins.Power providers in Colorado are Xcel Energy (XEL) and Black Hills (BKH) utility Black Hills Energy.In southeastern Wyoming, the warning covered Cheyenne and Pine Bluffs. In southwestern Nebraska, affected areas were Kimball, Sidney, and a patch south of Harrisburg.The main Wyoming power provider is Rocky Mountain Power.In the northwestern and southwestern corners of Colorado, there was a freeze warning covering Baggs, Craig, Meeker, Rangely, Cortez and Durango.A freeze warning covered about half of Montana, its northern extremes and the southwest. Areas affected include Cut Bank, Havre, Malta, Glasgow, Jordan, Circle, Terry, Glendive and Plentywood in the north and Red Lodge, Bozeman, Butte, Helena and Missoula in the southwest.The freeze warning extended over the border into Idaho's Lowell and the edges of Grangeville and Riggins.The main power provider in Montana is Northwestern Energy (NWE) and MDU Resources (MDU) unit Montana-Dakota Utilities.

$AEE$BKH$ETR$LBRT$NWE$OGE$XEL
Asia

TS Financial-Owned Shin Kong Venture to Liquidate Unit

TS Financial (TPE:2887) unit Shin Kong Venture Capital has approved the liquidation and dissolution of its unit, Lion Investment (Samoa), according to a Friday Taiwan Exchange filing.The move is aimed at streamlining the group's structure, facilitating the exit from the investment and improving capital efficiency.

$TPE:2887
Asia

Krystal Integrated Secures Order Worth INR1.38 billion for Rooftop Solar PV Systems; Shares Up 7%

Advait Krystal Solar Energy SPV, an associate company of Krystal Integrated Services (NSE:KRYSTAL, BOM:544149) has received a contract worth 1.38 billion Indian rupees from the Directorate of Medical Education & Research, Maharashtra, India, according to a Friday filing to the Indian stock exchanges.Krystal holds a 49% stake in the associate company.The contract is for the design, engineering, supply, installation, testing, commissioning, and synchronizing power grid-connected rooftop solar photovoltaic systems on a build-own-operate-transfer model at various rooftops of government hospitals and medical colleges in Maharashtra, India.It also includes operations and maintenance of the projects for 25 years, along with attendant services.The company's shares were up 7% in recent trade.

$BOM:544149$NSE:KRYSTAL