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Tags: News

KLSE News: 21 Nov 2014 – Mah Sing Group aims to raise up to RM630m in a capital raising exercise which will entail a renounceable rights issue…

Mah Sing Group aims to raise up to RM630m in a capital raising exercise which will entail a renounceable rights issue with free warrants, to fund its future expansion, said its executive director Datuk Steven Ng. SapuraKencana Petroleum Bhd is buying oil firm Petroliam Nasional Bhd’s (Petronas) entire interest in three blocks offshore southern Vietnam […]

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KLSE News: 20 Nov 2014 – Electricity supply to areas affected by floods will be cut off by Tenaga Nasional if the water reaches dangerous level…

Electricity supply to areas affected by floods will be cut off by Tenaga Nasional if the water reaches dangerous level. The move to cut power is a temporary measure to ensure public safety, and supply would be re-connected once flood waters receded, TNB senior GM (corporate affairs and communications) Datuk Mohd Aminuddin Mohd Amin said. […]

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KLSE News: 19 Nov 2014 – Malayan Banking Bhd (Maybank) aims to hit RM1bn in total online remittances in two years…

Malayan Banking Bhd (Maybank) aims to hit RM1bn in total online remittances in two years with the introduction of its M2U Visa Direct service. In collaboration with Visa, the service allows Maybank2u customers to transfer funds from their savings or current accounts to overseas issued Visa cardholders in over 200 countries. Jentayu Danaraksa Sdn Bhd, […]

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KLSE News: 18 Nov 2014 – Felda Global Ventures Downstream Sdn Bhd (FGVD), a unit of Felda Global Ventures Holdings Bhd…

Felda Global Ventures Downstream Sdn Bhd (FGVD), a unit of Felda Global Ventures Holdings Bhd (FGV), plans to invest up to RM80m to build a Vitamin E processing plant in the East Coast Economic Region (ECER). FGV chairman Tan Sri Mohd Isa Samad said the investment would involve the purchase of three acres of land […]

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KLSE News: 17 Nov 2014 – The Sarawak Corridor of Renewable Energy (Score) has secured FDI of more than RM7bn in July YTD…

The Sarawak Corridor of Renewable Energy (Score) has secured FDI of more than RM7bn in July YTD. MIDA deputy CEO II Datuk N. Rajendran said this represents 96% of the total approved investment of in Sarawak. “There is (additional) potential investment of RM6.7bn in Sarawak that can be approved this year,” he said. More foreigners, […]

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KLSE News: 14 Nov 2014 – Sime Darby Bhd will be satisfied with having only a 51% controlling stake in New Britain Palm Oil Ltd (NBPOL)…

Sime Darby Bhd will be satisfied with having only a 51% controlling stake in New Britain Palm Oil Ltd (NBPOL), which will allow it to secure control of the latter at the shareholder, board and management levels, says its president and group chief executive Tan Sri Mohd Bakke Salleh. He said the conglomerate was also […]

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KLSE News: 13 Nov 2014 – Bumi Armada has agreed to extend the period for the execution of the 10-year US$1.18bn Madura contract…

Bumi Armada has agreed to extend the period for the execution of the 10-year US$1.18bn Madura contract until 27 Nov 2014. (BMSB) Sunway is adjusting the number of Sunway Construction Group shares to be offered for sale under the proposed listing exercise following the change in the paid-up share capital, excluding treasury shares. Under the […]

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KLSE News: 12 Nov 2014 – Puncak Niaga has set aside RM534m, or 34% of total RM1.6bn cash proceeds from divesting PNSB and Syabas…

Puncak Niaga has set aside RM534m, or 34% of total RM1.6bn cash proceeds from divesting PNSB and Syabas, to be distributed to shareholders as special dividends. This translates to RM1/share. The water takeover deal by Air Selangor (subsidiary of KDEB) is expected to be completed in 60 days. (BMSB) Genting Bhd’s 52%-owned subsidiary, Genting Singapore […]

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KLSE News 11 Nov 2014 – Palm oil stockpiles in Malaysia climbed to the highest level since February 2013…

Palm oil stockpiles in Malaysia climbed to the highest level since February 2013 as production fell less than predicted by analysts and traders. Reserves rose 3.7% to 2.17m metric tons in October from a month earlier while output slid 0.2% to 1.89m tons. (Bloomberg) The merger of RHB Islamic Bank, Malaysia Building Society Bhd and […]

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KLSE News: 10 Nov 2014 – Ta Ann’s high capital expenditure cycle is expected to end soon and that will provide spare cash to reward shareholders…

Ta Ann’s high capital expenditure cycle is expected to end soon and that will provide spare cash to reward shareholders with even more generous dividends. Its CEO Dato Wong Kuo Hea revealed that the group would spend an estimated RM60m on oil palm planting activities on the remaining 4,000ha of its land bank next year. […]

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