News in brief

  • Business
  • Saturday, 20 Dec 2003

  • THE KLSE is the fourth largest stock exchange in Asia, after Mumbai, Tokyo and Hong Kong, in terms of the number of listed companies, at 902 as of yesterday, the exchange said in a statement.  

    Of the 902 companies, 595 are listed on the main board, 277 on the second board and 30 on Mesdaq. 

    KLSE executive chairman Mohd Azlan said this was a significant development in reflecting the continued confidence and interest of issuers and companies seeking to raise funds in the Malaysian capital markets. 

    He said activity and growth in the initial public offering market of the KLSE year-to-date had been positive, with 54 new listings and total funds mobilised amounting to RM7.52bil. 

    The KLSE, he noted, was the seventh largest in Asia in terms of market capitalisation. – AFX. 

  • Construction-based Mitrajaya Holdings Bhd said its unit Pembinaan Mitrajaya Sdn Bhd has been awarded a RM9.52mil contract by Putrajaya Holdings Bhd to build eight units of housing. 

    The company said in a statement the project would commence on Dec 22 and take nine months to complete. It was expected to contribute positively to the company's future earnings, it added. – AFX. 

  • , enroute to a Mesdaq listing, plans to invest part of the RM37mil proceeds from its initial public offer in equipment and infrastructure, a move that will enhance efficiencies for the leisure and amusement technology solutions provider. 

    “The listing will enable us to tap the vast potential in selected developing countries for technical support and management of gaming and amusement machines,'' director Chuah Kim Chiew said in a statement issued in conjunction with its underwriting yesterday. 

    Dreamgate is making a public issue of 11.428 million new 10 sen shares at 50 sen each, of which 8 million shares will be allocated to eligible employees and directors and 5.428 shares to the public. A total of 63 million offer shares will be placed out.  

  • A new Asean Plan of Action for Energy Cooperation (APAEC) has been considered as the blueprint for Asean cooperation for the next five years (2004-2009). 

    The draft of the blueprint was deliberated during the Asean Special Senior Officials on Energy Meeting (SOME), which met in Kuala Lumpur on Dec 15-18, said the Energy, Communications and Multimedia Ministry in a statement yesterday. 

    The plan of action will be submitted for consideration at the 22nd Asean Ministers of Energy Meeting (AMEM) scheduled in June 2004 in the Philippines.  

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