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Steel Hawk Unit Signs Over MYR1 Million Deal for 55% Stake in Sparksfly

Steel Hawk (KLSE:SKHAWK) unit Steel Hawk Manufacturing has agreed to subscribe for a 55% stake in engineering and oil and gas services company Sparksfly for 1.1 million ringgit in cash.The transaction involves the subscription of 611,112 new shares in Sparksfly, which will become an indirect subsidiary of Steel Hawk upon completion, according to a Thursday Malaysian bourse filing.Steel Hawk will fund the subscription through internally generated funds.The proposed subscription is expected to be completed in the third quarter, it said.

KLSE:SKHAWK

International16d ago

Saudi Arabia's Quarterly GDP Down 4.9% in Q2, Flash Data Shows

Saudi Arabia's seasonally adjusted real gross domestic product fell 4.9% on a quarterly basis in the second quarter, compared with a 1.2% decline in the prior three-month period, flash data from the General Authority for Statistics showed Thursday.Annually, the Saudi Arabian economy contracted 4.8% during the three-month period, after a 3% increase in the previous quarter.

Financial News · Live Terminal

Steel Hawk Unit Signs Over MYR1 Million Deal for 55% Stake in Sparksfly

Saudi Arabia's Quarterly GDP Down 4.9% in Q2, Flash Data Shows

A-Zenith Home Furnishings to Buy 220.4 Million Yuan of Titanium Ore from Affiliate; Shares Fall 9%

Chinese Universe Publishing and Media Group Issues 1 Billion Yuan of Bonds

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CARE Downgrades Rating on Gujarat Alkalies' Long-term Bank Financing to AA-; Outlook Stable

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Nutrition Profess Uses 92 Million Baht of IPO Proceeds for New Product Advertising

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Machvision OKs Public Issue, Listing of Private Placement Shares; Shares Down 5%

Anhui Wanwei Terminates Private Placement Due to Sponsor Conflict

Yoma Strategic Forms JV to Develop Myanmar Residential Project

French Flash Quarterly GDP Up 0.2% in Q2

Lemon Tree Hotels Licenses Two New Hotels in Nepal, Andhra Pradesh

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Saudi Industrial Investment's H1 Net Profit Soars

French Monthly Household Consumption Rises 0.4% in June

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Shanghai Lujiazui Finance & Trade Zone Development's H1 Residential Sales Rise 21%; Shares Up 8%

Steel Hawk Unit Signs Over MYR1 Million Deal for 55% Stake in Sparksfly

Saudi Arabia's Quarterly GDP Down 4.9% in Q2, Flash Data Shows

A-Zenith Home Furnishings to Buy 220.4 Million Yuan of Titanium Ore from Affiliate; Shares Fall 9%

Chinese Universe Publishing and Media Group Issues 1 Billion Yuan of Bonds

Samsung SDI Turns to Profit in Q2

Melbourne Enterprises Renews Hong Kong Office Lease

CARE Downgrades Rating on Gujarat Alkalies' Long-term Bank Financing to AA-; Outlook Stable

MMM Capital Signs THB51 Million Residential Project Management Deal

Nutrition Profess Uses 92 Million Baht of IPO Proceeds for New Product Advertising

Shanghai Dazhong Public Utilities, Dazhong Transportation Invest Emerging IT Private Equity Fund

Machvision OKs Public Issue, Listing of Private Placement Shares; Shares Down 5%

Anhui Wanwei Terminates Private Placement Due to Sponsor Conflict

Yoma Strategic Forms JV to Develop Myanmar Residential Project

French Flash Quarterly GDP Up 0.2% in Q2

Lemon Tree Hotels Licenses Two New Hotels in Nepal, Andhra Pradesh

New Zealand Shares Fall; Freightways Group Appoints David Gibson as Chair

Saudi Industrial Investment's H1 Net Profit Soars

French Monthly Household Consumption Rises 0.4% in June

Singtel's Australian Unit Faces Court Proceedings Over Emergency Call Breaches

Shanghai Lujiazui Finance & Trade Zone Development's H1 Residential Sales Rise 21%; Shares Up 8%