Executive summary for capital markets news | Fri 14 Apr 2023

Executive Summary for Capital Markets News | Fri 14 Apr 2023 CVC considers selling QSR interest after delays in IPO The Luxembourg-based private equity firm is talking to at least 1 adviser on selling its 21% equity interest worth more than RM1.2b. It had acquired the stake in 2013 after making a joint buyout with…

Executive summary for capital markets news | Thu 13 Apr 2023

Executive Summary for Capital Markets News | Thu 13 Apr 2023 MAHB’s issue price for dividend reinvestment plan shares at RM6.06 Instead of receiving cash dividends, a dividend reinvestment plan (DRP) gives shareholders the option to purchase additional shares commission-free and at significant discount to the current share price. Malaysia Airports Holdings Berhad (MAHB) said…

Executive summary for capital markets news | Wed 12 Apr 2023

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

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

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

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

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

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

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…