said its investment in Sri Lanka is set to grow aggressively as its unit MTN Networks has now become the local market leader. In a statement, Telekom Malaysia said its Sri Lanka unit has achieved its first million subscriber mark and now commands 50% of the country's mobile subscriber base. – AFX-Asia
CIMB Group said in a statement the investment followed the earlier entry of Sunnetic Sdn Bhd, a Malaysian holding company whose shareholders were CIMB Muamalat Fund I and Navis Asia Fund III. – Bernama
, formerly the Kuala Lumpur Stock Exchange Bhd, said it has received approval from the authorities to change the names of its subsidiaries. In a statement, Bursa Malaysia said the name change is to better reflect the business and services offered by the demutualised exchange as well as for synergy in branding. – AFX-Asia
Southern Bank said in a statement it was proposing to issue up to US$200mil worth of subordinated notes, which would fall due in 2014. The notes are callable with step-up in 2009.
No further details were given in the statement. – AFX-Asia
Innovest said in a statement the exchange had also asked it to justify why its shares should not be de-listed as the company was unable to regularize its financial condition within the prescribed time frame stipulated by Bursa Malaysia, as required under Practice Note 4/2001 of the listing rules.
The company said it did not get a further extension from the exchange to regularise its financial condition.
Innovest said it now had 14 days to make written representations to the stock exchange. – AFX-Asia
Emivest said in a statement to the stock exchange that upon completion of the proposed share split, the issue and paid-up capital would remain at RM60mil but the number of shares would rise to 120 million from 60 million currently.
The proposed share split is subject to relevant approvals being obtained. – AFX-Asia
The company earlier reported its first quarter to April net profit increased to RM26.5mil from RM14.49mil a year earlier, as sales grew 18% to RM314.03mil from RM267.11mil previously. – AFX-Asia
At the close of the acceptance and payment period on June 17, the company had received applications for 69.14 million rights shares, Kulim said in a statement.
The shares have a face value of 50 sen each. – AFX-Asia
Chief executive and managing director Seiji Kuraishi said: “We are eyeing previous Odyssey customers and also those who had bought the (Toyota) Harrier and the Estima.”
Speaking after the launch of the 2.4-litre iVTEC Odyssey in Kuala Lumpur yesterday, he said the model was a major success in Japan, where it was introduced last October.
The MPV has an ultra-low floor and features a five-speed sport shift automatic transmission. The seven-seater vehicle would have an on-the-road price of about RM240,000. – Bernama
Saujana Consolidated said in a statement that development work would start in early 2005 and should be completed in three to four years.
Saujana Consolidated owns the land, while property development firm Riverion is responsible for the funding needs of the project as well as sale of the completed properties.
The proposed development is subject to relevant approvals being obtained. – AFX-Asia
·IT firm Comintel Corp Bhd (Comcorp) has received Securities Commission's (SC) approval to list on the Bursa Malaysia second board.
The company said in a statement it would make an application to Bursa Malaysia for the proposed listing.
Comcorp provides total IT, communications systems and integration services mainly to Government agencies.
The company's customers include Motorola Inc, the Defence Ministry and Home Ministry. – AFX-Asia
said it had bought back 2.8 million shares for a total of RM10.46mil, at prices ranging from RM3.64 and RM3.76 each on Tuesday. In a statement, the gaming company said that after the purchase its cumulative net outstanding treasury shares shares stand at 39.9 million. - AFX-Asia
has a lower profit before tax of RM189.993mil for the financial year ended April 30, 2004 from RM294.209mil recorded in the previous year. Turnover was also lower at RM779.231mil compared with RM1.488bil previously. – Bernama MOLePoints has been in the market since February 2002 and was the first on-line payment system the central bank approved, the company said. – AFX-Asia
In a statement, Telekom Malaysia said its Sri Lanka unit has achieved its first million subscriber mark and now commands 50% of the country's mobile subscriber base. – AFX-Asia
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