KUCHING: Shares in Kim Hin Industry Bhd surged to hit the limit up price of 76 sen yesterday, following news that its controlling shareholders are seeking to privatise the ceramic tile manufacturer at 85 sen per share in cash. The price jump marked a 30 sen gain from its last
KUCHING: Borneo Oil Bhd’s major shareholders have heavily dumped the company shares despite the absence of any new corporate development. Borneo’s managing director Datuk Joseph Lee Yok Min @ Ambrose sold 487,290,200 shares (3.468%) at RM0.005 for RM2,436,400 in the open market on July 3, reducing his direct shareholdings to
KUCHING: Malaysia’s wood furniture exports to Europe has continued its uptrend this year following a strong recovery in 2024. Malaysia’s wood furniture shipments to European Union 27 member countries + United Kingdom (EU27+UK) increased by 22 per cent to 24,000 tonnes in the January-March 2025 quarter (1Q2025) after recording a 20
KUCHING: The European Union (EU) Commission has imposed provisional duties of up to 62.4 per cent on hardwood plywood from China as part of its anti-dumping investigation on hardwood-faced plywood, effective June 11. The investigation began following a complaint lodged by the Greenwood Consortium, which represents the EU’s hardwood plywood
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) is undertaking a proposed rights issue with warrants that could potentially raise up to RM53.45 million to mainly fund its new manufacturing plant project. The fund raising exercise entails the issuance of renounceable rights of up to about 763.65 million new ordinary shares together
KUCHING: Reneuco Bhd’s (formerly KPower Bhd) 95 per cent-owned subsidiary PKNP Reneuco Suria Sdn Bhd (PRSSB) faces winding up. PRSSB had been notified on May 7, 2025 of the appointment of receivers and managers from KPMG Corporate Restructuring PLT by Bank Kerjasama Rakyat Malaysia (BKRM). Lok Peng Chuan and Jasmin
KUCHING: Jaya Tiasa Holdings Bhd reported a sharp rebound in log production to 8,169 cubic metres (cu m) in May, up from 4,741 cu m in April 2024. However, the figure still trails April 2025’s output of 9,916 cu m, according to filings with Bursa Malaysia. The group holds timber
KUCHING: Reservoir Link Energy Bhd (RLEB) is poised to leverage its established expertise in oil and gas services and equipment (OGSE) sector while expanding into clean energy. This, said the company, will reinforce its resilience in an evolving industry. RLEB said as the energy landscape continues to shift, the company
KUCHING: Supreme Consolidated Resources Bhd has recorded double-digit growth in both group revenue and earnings in the six-month period to March 31, 2025 (6m2025). Group turnover surged by RM11.56 million (10.4%) to RM123.2 million (6m2024:RM111.6 million), driving higher after-tax profit by RM0.75 million (15.8%) to RM5.5 million (RM4.75 million). However,
KUCHING: Harbour-Link Group Bhd (Harbour-Link) is allocating funds for capital expenditure (capex) to support the renewal of the group’s ageing fleet of vessels and transport vehicles. The Bintulu-based shipping and logistic company said the move is aimed at enhancing operational efficiency, reduce maintenance and repair costs, and ensure compliance with
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