KUCHING: Kim Hin Industry Bhd’s quarterly losses have worsened due to weaker sales of ceramic tiles in Malaysia and overseas markets. In the second quarter ended June 30, 2019 (Q2-2019), Kim Hin’s group net loss widened to about RM9.9 million from RM5.1 million in Q2-2018 as group revenue fell marginally
KUCHING: Tycoon Datuk Dr Mohd Abdul Karim Abdullah has offered to acquire the remaining about 44.17 million shares representing 51.37 percent of the total issued Sarawak Consolidated Industries Bhd (SCIB) shares not already held by him and persons acting in concert (PACs) with him at an offer price of RM1.10
KUCHING: Pepper farmers, who are hit by prolonged depressed pepper prices, could reduce production costs and increase the yield of their pepper vines by using a special fertiliser produced by the Malaysian Pepper Board (MPB). According to MPB’s new director-general Stanley Liew, the fertiliser is manufactured using a special bio-chemical
KUCHING: Serba Dinamik International Ltd (SDIL) has secured a contract worth US$250.3 million (RM1.05 billion) for the construction of a chlorine processing plant and an independent power plant in Uzbekistan. In Malaysia, its sister company Serba Dinamik Sdn Bhd (SDSB) has won two operation and maintenance (O&M) contracts from Petronas
KUCHING: OM Materials (Sarawak) Sdn Bhd’s ferroalloy smelting plant in Samalaju Industrial Park, Bintulu has raised the production volumes of ferrosilicon (FeSi) and manganese alloy in second quarter this year. In the second quarter ended June 30, 2019 (2Q-2019), the plant produced 57,901 tonnes of FeSi and 62,750 tonnes of
KUCHING: Leong Hup International Bhd’s group profits will be hit by the significant decrease in the selling prices of poultry and eggs. Listed on Bursa Malaysia in May this year, Leong Hup is one of the largest producers of poultry, eggs and livestock feed in South East Asia. It operates
KUCHING: Bina Puri Holdings Bhd has proposed to undertake a renounceable rights issue with free detachable warrants that could raise up to RM39.54 million. Proceeds from the fund raising exercise will be utilised to fund the group’s existing construction and property development projects which include the Pan Borneo Highway project
KUCHING: The Employees Provident Fund Board (EPF) has raised its stake in Serba Dinamik Holdings Bhd as it continues to scoop up the company’s shares in the open market. EPF’s equity interest in Serba Dinamik has jumped to over 106.1 million shares representing 7.225 percent from about 98.7 million shares
KUCHING: The Vietnamese authorities are investigating alleged dumping of medium density fibreboard (MDF) by Malaysia and Thailand. The probe carried out by the Trade Remedies Authority (TRA) under the Ministry of Industry and Trade was initiated in October last year. The TRA sent questionnaires to local companies and the deadline
KUCHING: Press Metal Aluminium Holdings Bhd has secured an additional 500MW of electricity from Sarawak Energy Bhd (SEB) to power its proposed third aluminium smelter in Samalaju Industrial Park, Bintulu. Press Metal, which is the largest aluminium producer in South East Asia, entered into a power purchase agreement (PPA) with