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
KUCHING: Sinong Pelita Oil Mill Sdn Bhd (SPOM) will buy a factory and plantation land in Oya-Dalat land district, Mukah for about RM44.8 million. The wholly-owned subsidiary of Sinong Holdings Sdn Bhd will acquire the assets from two units of KUB Malaysia Bhd (KUB). SPOM is principally involved in oil
KUCHING: Sarawak Cable Bhd’s wholly-owned unit, Leader Cable Industry Bhd (LCIB), will dispose of an industrial property in Selangor for RM65 million in cash. LCIB has entered into a conditional sale and purchase agreement (SPA) with Maxter Glove Manufacturing Sdn Bhd (MGMSB) for the proposed disposal of a parcel of
KUCHING: YKGI Holdings Bhd’s wholly-owned subsidiary Star Shine Marketing Sdn Bhd (SSM) has entered into a debt settlement arrangement with Acesteel Industries Bhd, which owes the former RM3.5 million. The settlement is via the issuance of 1,428,571 new ordinary shares representing 51.41 percent of the enlarged share capital of Acesteel
KUCHING: Zecon Bhd has fixed the issue price for its private placement at 25 sen per share. The issue price represents a discount of about 8.19 percent to the five-day volume weighted average price (VWAP) of Zecon shares at 27.23 sen (up to July 10), the company said in a
KUCHING: Sarawak exported 174,038 cubic metres of logs with free on board (FOB) value of nearly RM89.1 million in May, the highest monthly shipment recorded in 2019. The export volumes have increased significantly over the past three months. In April, 163,215 cu m worth RM81.8 million was exported, an increase