Bina Puri Holdings Bhd unit Bina Puri Construction Sdn Bhd yesterday signed a RM17.5mil contract agreement with Social Security Organisation (Socso) for the design, construction, completion and commissioning of a three-storey building in Kota Kinabalu, Sabah. The project would involve the construction of a three-storey office building on 2.42 acres equipped with ancillary and infrastructure, it said in a statement. – Bernama
SIME DARBY BHD is in preliminary discussions to acquire a controlling stake in Med-Bumikar Sdn Bhd, which holds 58.56% of MBM Resources Bhd. In a statement, Sime Darby said talks on terms and conditions, including the purchase price, were ongoing.
The company said an announcement would be made if it proceeded with the transaction.
MBM is an automotive manufacturer and distributor. – AFX
Tenaga Nasional Bhd has awarded contracts amounting to a total of RM1.6bil this year to members of Persatuan Usahawan Tenaga Malaysia, TNB chairman Datuk Dr Awang Adek said at the AGM in Petaling Jaya yesterday. – Bernama
KIMBLE CORP BHD's listing will be transferred to the KLSE main board from the second board on Friday, a KLSE circular said. Kimble has a total issued and paid-up capital of 80 million shares of RM1 par value each.
The shares would trade under the consumer products sector, it added. – AFX
UTUSAN MELAYU BHD, which publishes the Malay daily Utusan Malaysia, has appointed Hashim Makaruddin as chairman and executive director of the company effective Jan 1, 2004. – AFX
TRONOH MINES MALAYSIA BHD said in a statement that all the conditions for its acquisition of construction company Zelan Holdings Sdn Bhd have been fulfilled, with the agreed completion date of the agreement being last Friday.
Tronoh bought 100% of Zelan for RM140mil via the payment of RM10mil cash and the issue of 65 million new Tronoh shares at RM2 each. – AFX
MBF HOLDINGS BHD said in a statement that the Securities and Exchange Commission of the Philippines has approved the merger of IPVG Corp and MBf Inc, and the companies are working towards concluding the exercise by the first quarter of next year. – AFX
The project would involve the construction of a three-storey office building on 2.42 acres equipped with ancillary and infrastructure, it said in a statement. – Bernama