Alliance Bank, AirAsia, Supermax, UWC, Taliworks, Southern Steel, TAFI, Jaycorp, Techna-X and Top Builders

KUALA LUMPUR (Dec 2): Based on corporate announcements and news flow on Thursday, companies in focus next Monday (Dec 6) may include: Alliance Bank Malaysia Bhd, AirAsia Group Bhd, Supermax Corp Bhd, UWC Bhd, Taliworks Corp Bhd, Southern Steel Bhd, TAFI Industries Bhd, Jaycorp Bhd, Techna-X Bhd and Top Builders Capital Bhd.

Alliance Bank Malaysia Bhd is disposing of its stockbroking business to stockbroking firm Phillip Futures Sdn Bhd, as part of the banking group’s strategic plan to re-prioritise its businesses to accelerate growth in its consumer, small- and medium-sized enterprise (SME) and Islamic banking businesses. Earlier in November, the Securities Commission Malaysia had granted its conditional approval in relation to the proposed disposal of stockbroking business by Alliance Bank's wholly-owned subsidiary Alliance Investment Bank Bhd (AIBB) to Phillip Futures. Separately, AIBB has also signed a conditional business sale and purchase agreement with Alliance Islamic Bank Bhd for the transfer of AIBB’s corporate finance, equity capital markets and debt capital markets business to Alliance Islamic Bank.

AirAsia Group Bhd has revised several important dates for its rights issue of RM978.51 million redeemable convertible unsecured Islamic debt securities (RCUIDS) with free warrants following the declaration of a public holiday for all Federal Territories on Dec 3, 2021.

AirAsia said trading for the rights will start from Dec 6, 2021, instead of Dec 3 as scheduled earlier. The prospectus and provisional allotment letter of offer, meanwhile, would be despatched on Dec 7, 2021, instead of the day before. The low-cost airline also changed the last day and time for acceptance, renunciation and payment to Dec 20 from Dec 17 as well as for the rights cessation quotation to Dec 13 from Dec 10. The last dates for sale and transfer of provisional allotments will be Dec 14 and Dec 20, respectively, compared with Dec 13 and Dec 17 previously.