KUALA LUMPUR (Dec 26): Here is a brief recap of some corporate announcements that made the news on Tuesday: Marine & General Bhd, Malaysia Airports Holdings Bhd, Ajiya Bhd, Bina Puri Holdings Bhd, SSF Home Group Bhd, Green Packet Bhd.

Marine & General Bhd through its wholly-owned subsidiary TKH Marine (L) Ltd has disposed of a vessel, JM Sutera 7, to Narsimhaa Shipping Inc, Liberia, for a cash consideration of US$5.8 million (RM27.2 million). The offshore marine support services provider said that the disposal of the vessel, acquired in 2018, was reached on a willing buyer and willing seller basis, and will enable the group to realise its original investment in the vessel. The proceeds from the disposal will allow the group to reinvest in revitalising its fleet, thereby enhancing its ability to better serve customers, it said. — Marine & General to dispose of vessel for RM27.2m

Malaysia Airports Holdings Bhd (MAHB) saw a 22.3% year-on-year (y-o-y) increase in passenger movement in both its Malaysian and Turkish airport network, reaching 9.6 million passengers in November, compared to 7.86 million in the same month the previous year. In its monthly passenger traffic snapshot to Bursa Malaysia, MAHB disclosed that Malaysia accounted for 6.6 million passengers, while the remaining three million came from the Istanbul Sabiha Gökçen International Airport (SGIA). Local airports in Malaysia registered 3.4 million passengers for international sectors and 3.9 million for domestic sectors in November, despite the off-peak travel season and minor structural changes in the domestic landscape. — MAHB's passenger movement up 22.3% y-o-y to 9.6 mil in November

Independent adviser BDO Capital Consultants Sdn Bhd recommended that shareholders of Ajiya Bhd accept the unconditional voluntary takeover bid by Chin Hin Group Bhd and other joint offerors, deeming the offer price of RM1.53 per share as "not fair, but reasonable". In a circular filed by Ajiya with Bursa Malaysia, BDO Capital said the offer price per share is unfair as it represents a discount of 40 sen or 20.73% for each Ajiya share, based on revalued net asset value approach. However, it deemed the offer as reasonable especially for those holding a significant number of Ajiya shares, considering it provides an opportunity to realise their investments. — Ajiya shareholders advised to accept ‘not fair, but reasonable’ takeover offer

Bina Puri Holdings Bhd, whose share price more than doubled this year, fell as much as 15.79% to a low of eight sen on Tuesday, following its proposal to raise up to RM75.62 million through a private placement after undertaking a consolidation of every five shares into one share. The loss-making civil and building construction firm was the day's fourth most active stock on Bursa Malaysia, with a trading volume of 95.69 million shares, surpassing its 200-day average volume of 7.96 million shares. — Bina Puri shares down on private placement plan

SSF Home Group Bhd booked its first net loss since its listing in October after it posted a net loss of RM3.64 million in the second quarter ended Oct 31, 2023, mainly due to one-off listing expenses of approximately RM3.2 million incurred for the current quarter. The home improvement retailer reported revenue of RM31.23 million. There are no comparative figures for the preceding corresponding quarter as this is the first interim financial statement announced by the group. In the immediate preceding quarter, the group registered a net profit of RM2.65 million on revenue of RM39.31 million. — SSF 2QFY2024 revenue falls 20% q-o-q on weaker sales

Green Packet Bhd has announced the resignation of its executive director Leong Seng Wui effective Dec 29. Leong, 43, tendered his resignation as director on Dec 1 "to pursue other interests", the digital solutions provider said. Leong, who has held the position since February 2022, ceased to become a substantial shareholder in the group after he disposed of all his shares in March. — Leong Seng Wui resigns as Green Packet’s executive director