APFT, SKP Resources, Top Glove, VS Industry, Bintai Kinden and Sentoria

APFT, SKP Resources, Top Glove, VS Industry, Bintai Kinden and Sentoria

The Edge Markets - Malaysia·2021-01-09 05:01

KUALA LUMPUR (Jan 8): Based on corporate announcements and news flow today, companies in focus on Monday (Jan 12) may include: APFT Bhd, SKP Resources Bhd, Top Glove Corp Bhd, VS Industry Bhd, Bintai Kinden Corp Bhd and Sentoria Group Bhd.

APFT Bhd will be delisted from Bursa Malaysia on Jan 13, after the bourse dismissed the company’s appeal for an extension of time to submit its regularisation plan for approval. Bursa Malaysia said today that upon APFT’s delisting, the Practice Note 17 company will continue to exist, but as an unlisted entity.

SKP Resources Bhd said five employees of its wholly-owned subsidiary, Syarikat Sin Kwang Plastic Industries Bhd, have tested positive for Covid-19. The group said it will continue to adhere to the standard operating procedures as directed by the MoH, in order to ensure the necessary safeguards are in place to prevent the spread of Covid-19 and to ensure its employees are provided with a safe and healthy working environment.

The Employees Provident Fund (EPF) has ceased to be a substantial shareholder of Top Glove Corp Bhd, after disposing of 40 million shares or a 0.5% direct interest in the group on Jan 5. After this sale, the EPF is left with 392.85 million shares or a 4.9% stake in the world’s largest glove maker, according to a filing with Bursa Malaysia today.

Separately, Top Glove defended its board after BlackRock Inc issued a scathing statement earlier this week, attacking the firm's handling of a coronavirus outbreak and saying it had voted against the re-election of six independent directors to Top Glove's board. Nevertheless, the six directors were re-elected at the company's annual general meeting on Wednesday, gaining between 86.5% and 72.3% of shareholder votes. In a statement, Top Glove said the directors have served an average of six years and that the board meets regularly to discuss the pandemic and other governance matters.

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