CORP BRIEF: Proton, IATA, Federal International and Public Bank

by TMR / pic by MUHD AMIN NAHARUL

Proton sold 10,380 units in September

PROTON has sold 10,380 units of vehicles in September with year-to-date (YTD) sales of 73,017 units. In a statement yesterday, the company said it sold 3,907 units of Proton Saga in its A-segment. Elsewhere in the product range, sales of Proton’s SUVs continued to be strong as deliveries of the two X-series models accelerated to catch up with demand. Both models lead their respective segments as 2,431 units of the Proton X50 were delivered in September, while for the C-segment, Proton X70 continued to lead its class with 1,577 units. Overall, 27,312 units of SUVs have now been sold by the company in 2021, which accounts for 37.4% of the overall YTD sales of 73,017 units.

IATA appoints MAG’s Izham as BoG member

THE Malaysia Aviation Group (MAG) MD and group CEO Captain Izham Ismail has been appointed to the board of governors (BoG) of the International Air Transport Association (IATA). In a statement yesterday, MAG said Izham’s appointment, for a three-year term until 2024, was announced during IATA 77th AGM in Boston, US. It said in his role as a BoG member, Izham would participate in providing policy directives and guidance to the IATA’s industry committees and to their subsidiary bodies.

Federal International sells land for RM24.5m

FEDERAL International Holdings Bhd’s (FIHB) wholly owned subsidiary, Federal Furniture (1982) Sdn Bhd, has entered into a sale and purchase agreement with Filtermation Sdn Bhd for the disposal of leasehold industrial land with a single storey furniture industrial factory with an annexed double-storey office building and other ancillary buildings, for a total cash consideration of RM24.5 million. The original cost of investment in the property was RM4.5 million. The board of directors considered payment of special dividend to shareholders upon completion of the proposed disposal. The disposal is part of FIHB plans to streamline its furniture manufacturing division by consolidating its manufacturing facilities and investing in IR 4.0 technologies.

Public Bank continues its Covid-19 financial assistance

PUBLIC Bank Bhd remains committed to providing financial assistance to customers affected by the Covid-19 pandemic amid the economic recovery. In a statement yesterday, the bank said it has been offering financial assistance, including moratoriums and targeted repayment assistance, to suit the customers’ financial needs. As of end-September 2021, over 429,000 of its customers with more than RM76 billion worth of loans have received various flexible targeted repayment assistance. It will also continue its virtual roadshow, with the next one scheduled to be held later this month for customers in Sabah and Sarawak. — Bernama