KUALA LUMPUR (May 26): Here is a brief look at some corporate announcements and news flow on Thursday (May 26) involving Axiata Group Bhd, UMediC Group Bhd, Optimax Holdings Berhad, Mega First Corp Bhd, Petronas Dagangan Bhd, Sunway Bhd, Genting Bhd, Genting Malaysia Bhd, Malaysia Building Society Bhd, MISC Bhd, Malayan Banking Bhd, Kerjaya Prospek Group Bhd, Petron Malaysia Refining & Marketing Bhd, IHH Healthcare Bhd, DRB-Hicom Bhd, KPJ Healthcare Bhd, YTL Corp Bhd and AME Elite Consortium Bhd.

Permodalan Nasional Bhd is among a group of shareholders — which is believed to also include the Employees Provident Fund (EPF) — that has voted against Axiata Group Bhd’s proposed acquisition of a 66.03% stake in Indonesia’s PT Link Net Tbk (LinkNet) for 8.72 trillion rupiah (RM2.55 billion). Nevertheless, the resolution for the investment was passed as the telco managed to garner 57.83% of the votes of those present and voting at the extraordinary general meeting on Thursday, while 42.17% was against it. The approving majority represented 4.837 billion shares, while the dissenters had 3.527 billion shares.

By Syafiqah Salim / theedgemarkets.com