Capital Bhd said it has obtained Bank Negara approval to commence negotiations with interested parties regarding the potential sale of its 20% stake in Southern Investment Bank Bhd (SIBB). Further details would be announced once the parties also gained approval from the central bank to start talks with Advance Synergy, it said in a stock exchange filing. – AFX-Asia
The company will acquire the stake in Deepwater Block 2C from Newfield Sarawak Malaysia Inc, a statement on Mitsubishi's website said, without providing the purchase price.
Newfield Sarawak, a subsidiary of Newfield Exploration Co, and Petronas Carigali Bhd, each holds 40% in the area. – Bloomberg
In a stock exchange filing, the company said the contract was awarded by PT Sempec Indonesia, a subsidiary of India's Punj Lloyd Ltd.
The wellhead platforms formed part of the Heera redevelopment project located offshore west coast of India, owned by Oil and Natural Gas Corp Ltd, it said.
The contract was scheduled for completion by early 2008, it added.
KUALA LUMPUR: A&M Realty Bhd said it is to pay RM16.8mil for a plot of land in Mont Kiara.
It planned to develop a condominium project worth about RM300mil, the company said.
The land covered an area of 3.0319 acres, A&M Realty said. – AFX-Asia
Unican would acquire the 1.63ha site with a factory building and offices from Invergold Sdn Bhd, it said. – AFX-Asia
In a stock exchange filing, the company said another wholly-owned subsidiary, Sanbumi Holiday Sdn Bhd, had also been awarded 20 tourism bus licences. – AFX-Asia
Further details would be announced once the parties also gained approval from the central bank to start talks with Advance Synergy, it said in a stock exchange filing. – AFX-Asia
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