News in brief


  • Business
  • Thursday, 02 Dec 2004

Boustead Properties Bhd said it would make a 1-for-4 bonus issue. Bousted told Bursa Malaysia it will issue up to 55.12 mil ordinary shares. The shares will trade ex-bonus from Dec 16. – AFX-Asia 

·PK RESOURCES BHD said it has sold its entire holdings in its wholly-owned subsidiary, PK Fertilizers, to Pristine Acres for a total of RM31.3mil in cash on Nov 30. – AFX-Asia 

FURQAN BUSINESS ORGANISATION BHD’s property development unit, FBO Land, plans to sell several plots of land in Kuala Lumpur for a total of RM26mil. 

Furqan said it planned to sell the 26 acres to property investment company Kuntumus Sdn Bhd. Furqan said the properties had been sold in an effort to reduce debt. – AFX-Asial  

LEADER UNIVERSAL HOLDINGS BHD has registered higher pre-tax profit of RM4.246mil in the third quarter ended Sept 30, 2004 against pre-tax profit of RM834,000 recorded in the same period last year. Its revenue rose to RM333.978mil from RM256.8mi. – Bernama 

UNITED OVERSEAS BANK announced that the company together with Saujana Golf and Country Club had recently introduced a new MasterCard Club card, UOB Saujana Platinum MasterCard. – Bernama 

THE public portion of The Media Shoppe Bhd public issue of 24.68 million shares of 10 sen each at an issue price of 35 sen per share has been oversubscribed, said Malaysian Issuing House in a statement yesterday. 

The 1.2 million shares made available for public subscription were oversubscribed 92.86 times. 

A total of 8,707 applications for 112.62 million shares were received from the public. The placement of 21.88 million shares to identified investors has also been fully placed out. 

All notices of allotment for these shares will be mailed to successful applicants on or before Dec 7, 2004.  

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