KUCHING: Dayang Enterprise Holdings Bhd (DEHB) will make the first issuance of unrated Islamic medium term notes (Sukuk Murabahah) Programme within 60 business days from Oct 22, 2019, the day it made a lodgement with Securities Commission Malaysia (SC). The lodgement pursuant to SC’s Guidelines on Unlisted Capital Market Products
KUCHING: TDM Bhd’s Indonesian subsidiary has been sanctioned by the Indonesian authorities and ordered to stop activities in about 900 hectares of oil palm plantation area damaged by fire recently. TDM said its subsidiary PT Rafi Kamajaya Abadi (PT RKA) had received and accepted the decision of the governor of
KUCHING: One man’s loss is another man’s gain as the saying goes. That aptly sums up the situation Vietnam is now in, gaining from China’s loss of its share in the US furniture market as the world’s two largest economies are tangled in a trade war. And as an added
Bonus issue and issuance of free warrants also OK’ed KUCHING: Serba Dinamik Holdings Bhd (SDHB) has obtained the approval of Bursa Securities for its proposed share split, bonus issue and issuance of free warrants. The company has proposed a share split involving a subdivision of every two existing ordinary shares
KUCHING: Sealink International Bhd’s (Sealink) controlling shareholder, the Yong family, has sold 150 million shares or 30 percent of equity interest in the company. The disposal via their family vehicle Sealink Holdings Sdn Bhd (SHSB) was transacted in crossing deals at 36.5 sen per share for RM54.75 million on Oct
KUCHING: Malaysia’s export of tropical plywood products to the European Union (EU) has fallen drastically, with the country losing its market share to China. In the first six months of 2019 (H1-2019), EU’s imports of plywood products from Malaysia was down by 32 percent to 19,700 metric tonnes (MT) from
KUCHING: The syndicated lenders have been granted an order by the High Court here to sell the land charged as collateral by a Zecon Bhd subsidiary for obtaining financing facilities for the construction of the Petra Jaya Hospital project. Zecon was terminated as the project’s turnkey contractor by the Public
KUCHING: AirAsia Bhd and AirAsia X (AAX) have jointly filed a writ of summons at the Kuala Lumpur High Court, claiming some RM479.78 million from Malaysia Airports (Sepang) Sdn Bhd (MASSB). The claim is for loss and damage caused by negligence on the part of MASSB, its servants and/or agents
KUCHING: Fresh from taking control of Sarawak Consolidated Industries Bhd (SCIB), billionaire corporate figure Datuk Dr Mohd Abdul Karim’s next acquisition target is to buy out minority shareholders in Kumpulan Powernet Bhd (KPB). He raised his stake in KPB to about 36.13 percent after acquiring additional 12,251,700 shares (16.09 percent)
KUCHING: Sarawak Cable Bhd (SCB) has proposed a private placement that could raise up to RM7.29 million for its working capital. The power and telecommunication cables manufacturer’s proposed private placement entails the issuance of up to 31.705 million shares, representing up to 10 percent of the existing number of the
