MY Dealbook: Denko Industrial sells land, Ipmuda’s private placement, Metronic draws James Chan’s interest

Last week, Denko Industrial Corp Bhd proposed a land disposal in the Penang state, while building materials player Ipmuda Bhd plans a private share placement to raise funds, downsizing its major shareholder’s interest in the company. Metronic Global Bhd’s latest shareholding also presented some interesting news as a notable investor picked up more than 5 per cent stake through his private company.

Denko Industrial disposes land for $2m

Denko Industrial Corp Bhd is disposing its piece of leasehold industrial land in Penang for MYR7.65 million ($2.03 million).

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