CORP BRIEF: Maybank Asset, AirAsia, Aerodyne and Cheetah

by TMR / pic by TMR FILE

Maybank Asset, T Rowe to launch China equity fund

MAYBANK Asset Management Group Bhd’s (MAMG) subsidiary, Maybank Asset Management Sdn Bhd, has launched the first-of-its-kind China Equity Fund which focuses beyond the 100 largest Chinese stocks. MAMG had partnered with global investment firm T Rowe Price to offer T. Rowe Price’s premier China-focused equity strategy to Malaysian investors via the MAMG China Evolution Equity Fund, the group said. In a statement yesterday, MAMG CEO Ahmad Najib Nazlan said the group is presenting yet another innovative product for Malaysian investors to kick off the new year, with MAMG China Evolution Equity Fund. — Bernama

AirAsia to table name change proposal on Jan 27

AIRASIA Group Bhd, which plans to change its name to Capital A Bhd, will be tabling the proposal at its EGM on Jan 27, 2022 to seek approval from the shareholders. The budget airline said the name change aimed to have a new corporate identity that offers a better reflection of the group’s core business and its future undertakings, in tandem with its rapid transformation as it had gone beyond its beginnings as an airline into a digital travel and lifestyle services group, which continues to gain strong momentum. This structural change would help facilitate strong projected growth in its portfolio businesses, the company said in a circular to shareholders filed with Bursa Malaysia yesterday. — Bernama

Aerodyne to buy principal stake in Synapse

AERODYNE Group has signed an agreement to acquire a “principal stake” in Synapse Innovation Sdn Bhd to “supercharge the group’s prowess in artificial intelligence and data analytics”, as well as strengthen its technology support for international operations in 35 countries. Aerodyne, a Malaysia-headquartered international drone tech, data tech and digital transformation solutions provider, said it, together with Synapse, would be developing the next generation drone data intelligence platform, “coupled with smart-nested autonomousdronesolutions”. — Bernama

Cheetah buys 39.9m shares in Lambo Group

CHEETAH Holdings Bhd via its wholly owned subsidiary, Cheetah Marketing Sdn Bhd has acquired an additional 39.9 million Lambo Group Bhd’s shares for RM3.53 million. Following the acquisition, the company now has 18.13% stakes in Lambo with 279.4 million shares with 95.8 million Warrants C. In a filing to local bourse yesterday, Cheetah said the rationale of the acquisition is to project for its business growth in e-commerce as it is poised to ride on global trend.