KUCHING: Sarawak Oil Palms Bhd’s (SOP) wholly-owned subsidiary Asia Oils Investment Ptd Ltd (AOIPL) has subscribed for shares worth US$4.625 million in a Singapore-based company, Seaworth Pte Ltd. The share subscription is to enable the SOP group to participate in the shipping business and to provide logistical support to the
Press Metal unit acquires four aluminium-related firms KUCHING: Press Metal Aluminium Holdings Bhd’s wholly-owned subsidiary PMB (Klang) Sdn Bhd is buying several aluminium-related companies in Peninsular Malaysia and Sabah for cash consideration of RM44.39 million. Three of the companies are owned by Everlast Aluminium (M) Sdn Bhd, which is 100
KUCHING: Business tycoon Datuk Dr Mohd Abdul Karim’s (pic) unconditional mandatory takeover offer to acquire the remaining Kumpulan Powernet Bhd (KPB) shares not already owned by him and persons acting in concert (PACs) will remain open for acceptances until Nov 13, 2019. The executive deputy chairman of KPB is offering
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