KUALA LUMPUR (Sept 21): Based on corporate announcements and news flow today, companies that will be in focus on Thursday (Sept 22) may include: AFG, Ekovest, Genting, Hai-O, Glomac, Damansara Realty, Bintai Kinden and MAHB. Alliance Financial Group Bhd (AFG) has proposed a corporate reorganisation exercise, which will see its banking unit, wholly-owned core subsidiary Alliance Bank Malaysia Bhd, assume the group's listing status upon completion of the exercise. Under the corporate exercise, existing AFG shareholders will exchange their shares for Alliance Bank's shares on a one-for-one basis. Ekovest's wholly-owned subsidiary Nuzen Corporation Sdn Bhd has entered into a binding term sheet with EPF to dispose of the stake in Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi). Malaysia Airports Holdings Bhd (MAHB) has, together with its wholly-owned unit Malaysia Airports Sepang Sdn Bhd (MA Sepang), received a notice from Express Rail Link Sdn Bhd (ERL) to indemnify the latter against a RM5.41 million claim by Segi Astana Sdn Bhd.

Source: The Edge Markets September 21, 2016 15:11 UTC