Bursa highlights for Friday, Jan 22

Bursa highlights logo for Star Online (Business).

Bursa highlights on Jan 22

Shell Refining Co (Federation of Malaya) Bhd (SRC) has confirmed that its major shareholder Shell Overseas Holdings Ltd is in discussions with Shandong Hengyuan Petrochemical Co Ltd to sell its 51% stake in SRC. Read more

IT services provider Nexgram Holdings has agreed with the Securities Commission that something may be amiss about the details of its subsidiaries’ ‘assets’. It has set up a special committee to look into the matter. Read more  

The ink is not yet dry on the 10% share placement contract he signed on Monday with Cab Cakaran Corp Bhd, but Indonesian billionaire Anthoni Salim has sought more shares in the poultry farmer. He has bought shares amounting to a 6.69% stake through off-market transactions. Read more

SapuraKencana Petroleum Bhd, which inked agreements with Petronas Carigali in late 2014 to buy assets in Vietnam (stakes in oil and gas exploration and production blocks) for US$400mil (RM1.7bil), has terminated the deal amid the current low oil price environment. Read more

Eastern & Oriental Bhd’s subsidiary Tanjung Pinang Development has formally awarded a RM1.08bil contract to reclaim 760 acres for the phase 2 of the massive Seri Tanjung Pinang project in Penang. This signing comes a day after E&O announced that the Penang government has pushed back the reclamation deadline by three years. Read more

Tokyo-listed meat packing firm NH Foods has boosted its stake in poultry farmer Lay Hong Bhd from 9.1% to 22.9% by buying RM40mil worth of shares. Read more

Property developer Global Oriental Bhd has joined hands with the Perak state’s investment arm to develop a mixed development project in the state with an estimated gross development value of RM900mil. Read more  

Mercury Industries Bhd’s 70%-owned subsidiary, Paramount Bounty Sdn Bhd, has secured a RM106.6mil contract to build units in Malacca under the Perumahan Rakyat 1Malaysia scheme. Read more