News in brief

  • Business
  • Thursday, 29 Jan 2004

THE MSEB has classified ANSON PERDANA BHD as a PN4 condition company and will place it under trading restriction beginning today. 

The trading restriction is imposed on the PN4 condition company pursuant to paragraph 8.14 (3A) of Listing Requirements.  

The trading restriction is in the form of full payment before purchase and will continue to be imposed on Anson until further notice. – Bernama 

Formosa Prosonic Industries BHD has acquired 4.13 million shares in Acoustech Bhd at RM1.20 each to raise its shareholding in Acoustech by 5.3% to 21.2%. 

Formosa, which produces speaker systems and plastic components for audio entertainment systems, will fund the RM4.96mil purchase from internal funds. 

Acoustech manufactures multimedia speaker systems for personal computers and auto systems in additional to peripherals such as computer headphones and headsets and microphones. . – AFX-Asia 

TRC Synergy Bhd said its wholly-owned unit Trans Resources Corp Sdn Bhd has secured a project worth RM7.29mil from property-based Putrajaya Holdings Sdn Bhd.  

In a statement, the company said the completion date for the project would be on Jan 31, 2006. - AFX-Asia 

INGRESS CORP BHD said its entire issued and paid-up share capital comprising 64 million shares will be transferred from the second board to the main board of the MSEB, under “industrial products”, tomorrow. - AFX-Asia 

ANSON PERDANA BHD's shares will be placed under trading restriction from today for failing to comply with original time frames specified in Practice Note 4/2001 (PN4) to regularise its financial condition, the stock exchange said in a circular. 

This trading restriction is in the form of full payment before purchase and will continue to be imposed on Anson until further notice, it added. - AFX-Asia 

WOVENTEX CORP BHD said its shares will be listed and quoted under its new name SCIENTEX PACKAGING BHD from today. 

In a statement, the company said the short form of its stock name for its shares and warrants will be changed from “Woventx” and “Woventx-wa” to “Scipack” and “Scipack-Wa”, respectively. - AFX-Asia 

SAAG CONSOLIDATED BHD said it has obtained the Indian government’s approval to buy 701,200 shares in RR Greenhands Infrastructure (India) Ltd for RM371,052 and to subscribe for 4.65 million new shares in the latter for RM3.88mil. 

SAAG said in a statement the completion of its proposed acquisition was pending the completion of the proposed subscription, expected by March 2004. RR Greenhands is involved in business activities relating to infrastructure and housing developments. – AFX-Asia 

Universiti Industri Selangor (Unisel) is close to acquiring a 50-acre land in Sepang from KUMPULAN DARUL EHSAN BHD unit, Kumpulan Hartanah Selangor Bhd, for its biotechnology-related project. 

Unisel vice-chancellor Datuk Prof Abdul Aziz Ibrahim said the purchase would involve RM5mil. He, however, said the payment method had yet to be finalised. “We are in the final stage of purchasing the land. We should sign the sale and purchase agreement in the near future,” he told Bernama.  

Unisel is the developer, operator and caretaker of Selangor's Bio-Valley project. – Bernama 

MALAYSIAN RESOURCES CORP BHD said its wholly-owned unit Semasa Sentral Sdn Bhd (SSSB) has entered into a concession agreement (CA) with the government to undertake the operation, management and maintenance of Stesen Sentral Kuala Lumpur. 

The salient terms of the CA include: 

·The concession period is for 15 years from Nov 30, 2000 to Nov 29, 2015. In consideration for the grant of the concession, SSSB shall pay to the government the sum of RM60,000 per year. 

The government shall procure the grant of the lease of the undivided portion of the retail areas and speculative office within Stesen Sentral Kuala Lumpur to SSSB for a yearly rental of RM60,000 payable to Federal Land Commissioner. 

SSSB shall have a minimum paid-up capital of RM5mil and procure the issuance of a preference share with a par value of RM1 to the Minister of Finance. – Bernama 

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