News in brief

  • Business
  • Thursday, 05 Jun 2003

Suria Capital Holdings Bhd said the Securities Commission (SC) has approved the company's proposal to extend by 12 months to June 10 2004, its planned sale of 178.492 million shares or 100% stake in SABAH BANK BHD

In a statement, Suria said the extension is to allow more time to pay the final sum due. 

The SC also gave the company a 6-month extension to end-2003 to allow Suria to seek the commission's approval for the proposed privatisation of seven ports that are currently under the jurisdiction of the Sabah Ports Authority, and to use the Sabah Bank sale proceeds to finance the privatisation exercise. – AFX 

PERMODALAN NASIONAL BHD (PNB) said it sold 7 million shares in MALAYSIA MINING CORP BHD via a direct trade on May 2. 

The company did not disclose the sale price or the identity of the buyer. After the sale, PNB holds 110.158 million shares, or 9.8%, of Malaysia Mining Corp. – AFX 

UDA HOLDINGS BHD has made Datuk Zahari Omar its managing director effective May 26. He will replace Datuk Abdul Razak Hussain who retired on the same date. 

Zahari is a member of the British Columbia Institute of Chartered Accountants, Malaysian Institute of Accountants and Malaysian Institute of Certified Public Accountants. 

He is also executive vice-president of the Malaysian Resources Corp Bhd and has had held senior posts in the New Straits Times Group, Sistem Televisyen Malaysia Bhd and managing director of Park May Bhd and Faber Group Bhd. – Bernama 

SCK GROUP BHD is in final stage of negotiation with its lenders on the revised proposed restructuring scheme as announced in December 2002. Upon the lenders’ approval, Aseambankers Malaysia Bhd will, on behalf of it, make the necessary submission to the relevant authorities for approval. – Bernama 

LEONG HUP HOLDINGS BHD has posted a pre-tax loss of RM20.12mil for the financial year ended March 31compared with a pre-tax profit of RM19.81mil in the previous year, the company said. 

Revenue decreased to RM501mil from RM576.08mil. – Bernama  

Dataprep Holdings Bhd has posted a pre-tax loss of RM35.67mil for the financial year ended March 31compared with pre-tax profit of RM15.35mil in the previous year.  

Revenue fell to RM97.09mil from RM133.41mil. – Bernama  

VS Industry Bhd has reported an increase in pre-tax profit of RM7.66mil in the third quarter ended April 30 compared with RM7.01mil recorded in the previous corresponding quarter. 

Revenue rose to RM244.53mil from RM186.67mil, the compnay said. – Bernama 

ANTAH HOLDINGS BHD has posted an increase in pre-tax loss of RM7.32mil for the third quarter ended March 31compared with RM4.94mil loss in the previous corresponding quarter. 

Turnover decreased to RM70.85mil from RM98.88mil. - Bernama  

MAA HOLDINGS BHD has posted pre-tax loss of RM14.37mil for the first quarter ended March 31compared with pre-tax profit of RM13.6mil in the previous corresponding quarter. 

Revenue increased to RM426.1mil from RM274.06mi, the company said. – Bernama 

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