News in brief

  • Business
  • Saturday, 09 Oct 2004

PUBLIC FINANCE BHD's entire issued and paid-up ordinary shares will be delisted from Bursa Malaysia effective Oct 14. The delisting follows Public Bank's privatisation of Public Finance. – Bernama 

Public Bank Bhd announced yesterday that foreigners held 38.40% of its issued shares as at Sept 30. The percentage is calculated based on the total number of shares in issue, excluding the 100.177 million shares which it had bought back and retained as treasury shares as at end-September. 

Public Bank said as the percentage of foreign shareholdings exceeded its maximum foreign shareholding limit of 30%, the extra 8.4% of shares would not be entitled to voting rights. – Bernama 

Crest Builder Holdings Bhd said its wholly-owned subsidiary Crest Builder Sdn Bhd has been awarded a contract by Guthrie Property Development Holdings Bhd for the proposed construction and completion of 136 double-story link-houses at Bukit Jelutong, Shah Alam, for a contract sum of some RM40.01mil. 

The contract period is 18 months from the date of site possession, which has been set on Oct 21, 2004 and the contract is expected to be completed by April 20, 2006. – Bernama 

ASIAEP BHD recorded a pre-tax profit of RM1.08mil and revenue of RM2.56mil for the second quarter ended Aug 31, 2004. – Bernama 

YTL CEMENT BHD has proposed to acquire 107,500,000 ordinary shares of RM1 each representing 32.1% equity interest in Perak-Hanjoong Simen Sdn Bhd from Doosan Heavy Industries & Construction Co Ltd for RM75.25mil cash. 

The proposed acquisition is subject to approval of the shareholders of YTL Cement at an EGM to be convened. – Bernama 

Supermax Corp Bhd has been awarded two hospital contracts in Canada through its joint venture company with Canadian counterpart, Jean Hubert & Slyvain Bergeron, valued at C$5mil a year. 

The joint venture company, Supermax Canada Inc, had sealed the contracts for two years and an option of another year, Supermax said in a statement yesterday. 

Supermax would be the first Malaysian brand of gloves to be supplied to the hospitals in Canada, which would further contribute to the group’s earnings. 

It said the first load of the high value-added products would be delivered to the hospitals starting mid this month. – Bernama 

GOLD IS BHD has entered into a share sale agreement with ECOSEM Sdn Bhd for the acquisition of 510,000 ordinary shares of RM1 each, representing 51% equity interest in iPanel Malaysia Sdn Bhd (IPM), and 136,500 ordinary shares of S$1 each, representing 30% equity in iPanel Pte Ltd (IPS). 

The acquisitions would allow Gold IS to increase its shareholding in IPM and IPS, expand investment and tap the opportunities offered by the electronic control system industry. – Bernama 

Leader Steel Holdings Bhd has offered and granted Leader Steel Sdn Bhd director Goh Kee Seng the options to subscribe up to 10% of the total number of new ordinary shares of 50 sen each in the company. – Bernama 

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