Author Archives: mui-admin

MUI Properties to take 40.7% stake in Australian gold explorer Nex Metals

PETALING JAYA: MUI Properties Bhd’s wholly owned subsidiary Cesuco Trading Ltd, will be taking up a 40.73% stake in ASX-listed gold exploration company Nex Metals Explorations Ltd, following the conversion of a A$1.5 million secured convertible note. In a statement, MUI said Cesuco Trading, its Hong Kong-based investment company, had advised Nex Metals Explorations Ltd…

MUI Properties now owns 40.73pct of Australian gold miner

KUALA LUMPUR: MUI Properties Bhd wholly-owned Cesuco Trading Ltd (CTL) will convert an A$1.5 million secured convertible note in an Australian gold exploration company into ordinary shares. In its filing with Bursa Malaysia, MUI Properties said CTL, its Hong Kong-based investment company, had informed Nex Metals Explorations Ltd of its decision on the conversion. MUI…

MUI to own 40.73% of Australian gold exploration firm after exercising share conversion

KUALA LUMPUR (Nov 12): MUI Properties Bhd said its wholly-owned investment firm Cesuco Trading Ltd will be converting an A$1.5 million secured convertible note in an Australian gold exploration company into ordinary shares. Cesuco will convert the notes into 132.47 million ordinary shares of Nex Metals Explorations Ltd, representing 40.73% of the enlarged share capital…

MUI Group to invest RM10m in The Benjamin Barker Group

KUALA LUMPUR: Malayan United Industries Bhd (MUI) plans to invest more than RM10 million into The Benjamin Barker Group and retail the menswear label in Malaysia. “MUI Group plans to take up a minority stake in the company that owns the Benjamin Barker menswear label,” said MUI chairman and chief executive officer Andrew Khoo Boo…

AWANI Review: MUI Group – Staying in Fashion

The wheels are turning at MUI Group which owns brands like Laura Ashley, Metrojaya and Corus Hotel. Second-generation CEO and Executive Chairman Andrew Khoo has set out a transformation plan to bring MUI’s relevance back to the market after years of languishing performance. Among others, MUI is making rapid expansion into China and Australia through…