News in brief

  • Business
  • Thursday, 07 Oct 2004

BANGALORE, India: Malaysian call centre firm, SCICOM Bhd, started its Indian operations yesterday when it opened a customer care centre for Nokia in the southern technology hub of Bangalore. 

Its Indian subsidiary, SCICOM Contact Centre Services Pte Ltd, will provide support to Nokia's Indian clients in six local languages, the parent firm's executive director, Leo Ariyanayakam, told reporters. 

He said collaboration between the two countries has resulted in about 30 Indian firms establishing bases in Malaysia's Multimedia Super Corridor. – AFX-Asia 

Bina Puri Holdings Bhd is exploring tin mining business opportunities in Indonesia. 

The company said it was conducting a preliminary tin mining survey in Indonesia and a decision would be made once a technical survey and commercial feasibility study was completed. – AFX-Asia 

GLOBAL SOFT (MSC) BHD said it will sell up to 8.56 million new shares at 42 sen via a private placement. – AFX-Asia 

UEM BUILDERS BHD said it has secured two contracts worth M34.8mil from Faber Union Sdn Bhd for piling works at two residential condominium projects in Singapore.  

Faber Union is an indirect associate of UEM Builders' parent, United Engineering (M) Bhd. – AFX-Asia 

REKAPACIFIC BHD recorded a higher pre-tax loss of RM60.82mil for the first quarter ended July 31, compared with RM60.41mil in the equivalent period last year. 

Its revenue dropped to RM15mil from RM19mil. – Bernama 

LEBAR DAUN BHD said its public shareholding spread, based on record of depositors at Sept 29, was 25.07% of its paid-up capital, held by 548 public shareholders, a shortfall of 452 shareholders from the minimum public shareholding requirement of 1,000 public shareholders. 

The company said it would continue to monitor the shareholding spread closely, and hoped that in the current stable market conditions, trading in its shares would continue to be active and help it achieve the public shareholding spread. – Bernama 

EDEN ENTERPRISE (M) BHD has proposed to acquire Musteq Hydro Sdn Bhd through subsidiary Langkawi Batik Enterprise Sdn Bhd. 

The RM17.134mil deal would be settled by a cash payment of RM10mil and an issues of 7.134 million RM1 shares in Eden at par. – Bernama 

MTD CAPITAL BHD has signed an agreement to buy a 10% stake in CIDB Inventures Sdn Bhd from Golden Land Development Sdn Bhd for RM8.5mil. 

The acquisition, which would increase MTD Capital's stake in CIDB to 29.14% from 19.14%, would give MTD Capital an exposure to the attractive investment potential of CIDB's projects in India, MTD Capital said. – AFX-Asia 

Melewar Industrial Group Bhd said it would raise up to RM6.67mil through a rights issue of up to 33.33 million warrants at 20 sen each. 

The warrants will be allocated to existing shareholders on the basis of one for every five Melewar shares held. – AFX-Asia 

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