KUCHING: Shin Yang Group Bhd (SYGroup) is to acquire four companies, which are involved in car dealership business in Sarawak and Sabah, for a total of RM144.5 million. The proposed deal is a related party transaction. SYGroup has entered into a conditional share sale agreement (SSA) with Shin Yang Holding
KUCHING: Naim Holdings Bhd will sell land in Muara Tuang district here for RM223.38 million in cash. Its wholly-owned subsidiary Naim Land Sdn Bhd has entered into a conditional sale and purchase agreement (SPA) with Onlyee Flora Sdn Bhd (OFSB) for the disposal of all that piece of land measuring
KUCHING: Dayang Enterprise Holdings Bhd’s executive chairman Datuk Hasmi Hasnan has resigned as a director of Perdana Petroleum Bhd from July 1. Dayang is the largest shareholder of Perdana Petroleum, with an equity interest of 63.593 per cent as at April 5, 2024. Perdana Petroleum is a leading provider of
KUCHING: Ta Ann Holdings Bhd has posted higher group net profit of about RM43.3 million in first quarter to March 31, 2024 (1Q2024) against RM39.3 million a year ago on sharply higher fair value gain from biological assets. Group revenue grew marginally to RM352.4 million from RM350.7 million in 1Q2023.
KUCHING: Ibraco Bhd has reported sharply lower group net profit of about RM5.3 million in first quarter to March 31, 2024 (1Q2024) from RM10.4 million a year ago due mainly to lower property sales and higher administrative expenses. The decreased earnings were recorded despite higher group revenue of RM80.1 million
KUCHING: Petra Energy Bhd has announced the adoption of a dividend policy of distributing at least 30 per cent of its net profit attributable to the owners of the company, with effect from current financial year ending Dec 31, 2024. In first quarter to March 31, 2024 (1Q2024), the oil
KUCHING: KKB Engineering Bhd has more than doubled its group revenue to RM150.3 million in first quarter ended March 31, 2024 (1Q2024) from RM60.5 million a year ago, thanks to the strong performance of the steel fabrication business. The higher revenue drove group pre-tax profit to RM13.3 million (1Q2023: RM5.57
KUCHING: Japan has increased the imports of plywood from four key supply countries — Indonesia, Malaysia, Vietnam and China — this year. In February 2024, Japan raised the plywood (HS441210-39) imports from the top four countries by more than 20 per cent to 129,300 cubic metres (cu m) from 106,200
KUCHING: Cahya Mata Sarawak Bhd continues to prepare for the commercialisation of its phosphate plant in Samalaju Industrial Park, Bintulu despite the on-going legal dispute with power supplier, Syarikat SESCO Bhd. Once the legal issues have been resolved, the plant is set to commence commercial operation, said Cahya Mata Sarawak
KUCHING: Ceramic tile maker Kim Hin Industry Bhd has ceased its manufacturing operation in Shanghai, China after 30 years. The company’s executive chairman Chua Seng Huat said with the shutdown of the Shanghai’s manufacturing facility in January, this year, Kim Hin has refocused its Shanghai operations to outsourced products and