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TCS to acquire 25% stake in construction company for RM30m, plans free warrants

The acquisition, which comes with a profit after tax (PAT) guarantee of not less than RM20 million per year from financial year ending Dec 31, 2021 (FY21) to FY23, will be undertaken via the issuance of 60 million new shares at 50 sen apiece to Super Advantage Sdn Bhd, who is selling the stake in SSSB to TCS.

MoH detects five new Covid-19 clusters today — two in Sabah — with 173 infections among them

Two of these clusters are found in Sabah, namely the Avenue cluster in Penampang with 110 positive cases, and the Kejora cluster in Kota Kinabalu with nine cases. The three remaining clusters are: the Kasah cluster involving Kepoh in Kuala Lumpur with 19 cases, the Summer cluster in Timur Laut Penang with 11 cases, and the Mengketil cluster — which spans Kota Bharu, Machang and Tanah Merah in Kelantan, as well as Besut in Terengganu — with 24 cases.