News in brief

  • Business
  • Tuesday, 05 Aug 2003

NEPLINE BHD'S wholly owned subsidiary Timor Offshore Sdn Bhd has proposed to dispose of two shipping vessels to E.A. Bunkering Services Sdn Bhd for US$3.43mil. 

The vessels are M.T. Kembayong Melati, a 5,066 dead weight tonne (dwt) single-hull Det Norske Veritas-classed, clean product tanker and M.T. Melati Sutera, which is a 2,784 dwt single-hull Det Norske Veritas-classed clean product tanker. – Bernama 

LANKHORST BHD'S wholly owned subsidiary Lankhorst Hartanah Sdn Bhd proposed to dispose of a 5,087 sq m land in Shah Alam to Ahmad Shalimin Ahmad Shaffie for RM5mil. 

The original cost of investment of the land was RM5.72mil. 

The land was originally intended for the purpose of building Lankhorst's head office and office complex. – Bernama 

MAGNA PRIMA BHD has proposed a private placement of up to 3.633 million new shares, representing about 10% of its issued and paid-up share capital, at an issue price to be determined later. – Bernama 

TALAM CORP BHD'S wholly owned subsidiary Maxisegar Sdn Bhd has made an early settlement of two Islamic debt securities totalling RM900mil. 

The settlement for RM300mil Al-Bai Bithaman Ajil with Islamic debt securities (BaIDs) was seven months earlier than its maturity date. 

Meanwhile, for the RM600mil BaIDs, it was 15 months earlier than the maturity date. – Bernama 

IPMUDA BHD'S pre-tax profit for the second quarter ended June 30 rose to RM2.67mil from RM2.5mil in the previous corresponding quarter. 

Ipmuda said in a statement that its net profit increased to RM1.51mil from RM1.15mil. 

Turnover dropped to RM84.76mil from RM114.88mil. 

For the half-year ended June 30, pre-tax profit fell to RM3.17mil from RM5.29mil previously while net profit dropped to RM1.59mil from RM2.64mil.  

Turnover shrank to RM164.95mil from RM224.48mil. 

Barring any unforeseen circumstances, Ipmuda expects its operations to remain satisfactory for the current financial year. – Bernama 

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