The Star

JT International Bhd (JTI) has proposed to undertake a capital repayment of 75 sen cash for every RM1 share .

It said in a filing with Bursa Malaysia yesterday the amount to be distributed to entitled shareholders would be about RM196.15mil.

Upon completion of the exercise, the par value of JTI shares would be reduced to 25 sen.

The proposed capital reduction would be funded via internally generated funds subject to shareholders’ approval at an EGM to be convened, it added.

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) subsidiary Inter-Pacific Securities Sdn Bhd (IPS) has received approval from Vietnam Securities Commission for its proposed investment of 49% stake in a new joint stock company for 147 billion dong (RM29.15mil).

In a filing with Bursa Malaysia, it said the company would undertake stockbroking and related business.

“The proposed investment will be jointly undertaken by IPS, Saigon Bank for Industry and Trade and Ky Hoa Tourism and Trading Co Ltd through the establishment of a new company under the name of Saigon-Bank Berjaya Securities Joint Stock Co.

“It will be capitalised at 300 billion dong,” it said. - Bernama

KUALA LUMPUR: Malaysia's international reserves stood at US$125.1bil as at July 15, down 0.6% from US$125.8bil on June 30, central bank data showed yesterday.

The reserves were enough to finance 9.9 months of retained imports and were 5.1 times the short-term external debt. – Reuters

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) subsidiary Inter-Pacific SC