KUCHING: Reservoir Link Energy Bhd’s (RLEB) 51 per cent-owned subsidiary Founder Group Limited (FGL) is expected to raise up to US$21.16 million from its proposed initial offer (IP) on NASDAQ Stock Exchange. This is based on an assumed IPO price of US$4 per share. “The proposed IPO is expected to
KUCHING: Ibraco Construction Sdn Bhd (ICSB) has inked a joint venture cum shareholders’ agreement with two China-based companies to undertake the Kuching Urban Transport System (KUTS) project that they have jointly secured recently. The wholly-owned subsidiary of Ibraco Bhd has entered into the agreement with China Railway Engineering Corporation (M)
KUCHING: Sarawak’s monthly crude palm oil (CPO) production volume in November 2023 has dropped nearly 10 per cent or 42,760 tonnes to 400,237 tonnes from 442,997 tonnes in the previous month of October. However, last month’s production volume was significantly higher as compared to 374,859 tonnes recorded in November 2022.
KUCHING: Quality Concrete Holdings Bhd has delivered dismal financial results with the group slipping into the red of RM6.69 million in the first nine months to Oct 31, 2023 (9M2023) from net profit of RM4.14 million in 9M2022. Group revenue fell to RM136.3 million from RM161.9 million previously. The company reported
KUCHING: Serba Dinamik Holdings Bhd (SDHB) posted losses of RM80.7 million in first quarter to Sept 30, 2023 (1Q2023) on shrinking revenue of RM13.8 million, generated mainly by the operation & maintenance (O&M) segment. The losses have, however, narrowed from RM104.6 million in 1Q2022 when revenue recorded was RM213.6 million.
KUCHING: Vietnam targets to increase large-sized timber forests to one million hectares by end-2030. Currently, planted forest account for 31 per cent of Vietnam’s total forest area of 14.74 million hectares, according to the country’s Forestry Department statistics. In 2022, Vietnam earned US$15.67 billion from exporting forest and wood products,
KUCHING: Minetech Resources Bhd’s newly operated energy segment has contributed positively with RM1.22 million in revenue to group turnover of RM33.2 million in second quarter ended Sept 30, 2023 (2Q2023). The energy segment, particularly the solar power plant project, achieved commercial operation in May 2023. In 2Q2023, Minetech returned to
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) will settle its debts of about RM11.3 million with a hardware company via the issuance of nearly 18.5 million new ordinary shares. Wholly-owned subsidiary SCIB Properties Sdn Bhd owes Goh Hardware & Construction Sdn Bhd about RM11.3 million. On Nov 30, 2023, SCIB Properties
KUCHING: Pansar Bhd’s wholly-owned subsidiary Perbena Emas Sdn Bhd has secured a road contract worth RM107.5 million in Sarawak. The construction arm of Pansar has received a letter of acceptance from Sarawak Public Works Department for the proposed construction and completion of Sarawak Coastal Road remaining works for ‘Package D2A:
KUCHING: Syarikat SESCO Bhd is seeking relief of more than RM81 million against Cahya Mata Sarawak Bhd (CMSB) and over RM30 million against Malaysian Phosphate Additives (Sarawak) Sdn Bhd (MPA) under a notice of arbitration served on the two companies. According to Cahya Mata, SESCO had, through their advocates, filed