Executive Summary for Capital Markets News | Wed 12 Apr 2023 Citaglobal positive on power supply for ECRL The company’s consortium with Reneuco Berhad is expected to receive more concrete news in the next few months. The consortium is finalising the presentation and details with Malaysia Rail Link Sdn Bhd, a wholly-owned subsidiary of the…
Executive Summary for Capital Markets News | Tue 11 Apr 2023 UMW gets RM1b Rolls-Royce contract In Aug 2015, UMW Aerospace became Malaysia’s first home-grown Tier 1 aerospace engine component supplier to Rolls-Royce after receiving a 25+5 year contract to manufacture and assemble fan cases for the Trent 1000 and Trent 7000 engines. It took…
Executive Summary for Capital Markets News | Mon 10 Apr 2023 Spritzer proposes 1-for-2 bonus shares This will entail the issuance of 106.44m new shares at an entitlement date to be determined. Spritzer’s shares will increase from the current 212.88m – including 27.33m treasury shares and giving a share capital of RM223.24m – to 319.31m….
Executive Summary for Capital Markets News | Fri 7 Apr 2023 Rhone Ma and Kulim to jointly develop Jemaluang Dairy Valley project The company announced that its 49%-owned subsidiary – A2 Fresh Holdings Sdn Bhd (A2FSB) – had entered into a commercial agreement with the East Coast Economic Region Development Council, Kulim (Malaysia) Berhad and…
Executive Summary for Capital Markets News | Thu 6 Apr 2023 Petronas Carigali sells 50% of Samarang PSC to Sabah state-owned company The Samarang field – 50km offshore Sabah – is producing 36,000 barrels of oil and gas equivalent per day. Gas production of 134 standard cubic feet per day supplies customers in Kota Kinabalu…
Executive Summary for Capital Markets News | Wed 5 Apr 2023 Southern Cable’s orders get a RM38.3m bump from TNB contract addendum The contract to supply underground cables and conductors increased from RM293.8m to RM332.1m. The company has a longstanding relationship with Tenaga Nasional Berhad (TNB) for 19 years. Its total orders accordingly increased from…
Executive Summary for Capital Markets News | Tue 4 Apr 2023 Nextgreen in JV to develop 20 oil palm waste centres Nextgreen Biomass Sdn Bhd – a wholly-owned subsidiary of Nextgreen Global Berhad – signed a shareholders’ agreement with Greentech Malaysia Alliances Sdn Bhd (GMA), Koperasi Sahabat Amanah Ikhtiar Malaysia Berhad (KS) and Koperasi Perkhidmatan…
Capital markets news summary for Mon 3 Apr 2023 RHB and Boost Holdings to subscribe for 100m Boost shares RHB Bank Berhad and Boost Holdings Berhad jointly incorporated Boost Berhad on 1 Mar 2023 to carry out a digital banking business. Boost Holdings is a subsidiary of Axiata. Both parties agreed to subscribe for the…
Capital markets news summary for Fri 31 Mar 2023 Creador to exit Mr. DIY by disposing remaining 4.92% The 464.55m shares are being offered by the private equity firm for RM1.43 a piece, 6.54% discount to the counter’s last close. 322m shares will be sold to other investors for RM460.46m cash. CLSA and Credit Suisse…
Capital markets news summary for Thu 30 Mar 2023 Kim Loong’s revenue for 4Q2023 down 13.05% As fresh fruit bunch (FFB) and crude palm oil (CPO) prices started falling in late 2022, the Johor-based planter recorded lower revenue of RM431.82m in 4Q ended 31 Jan 2023 compared to RM496.63m in 4Q2022. However, net profit climbed…