News in brief

  • Business
  • Friday, 30 Dec 2005

Texchem Resources Bhd said it has agreed to sell a 30% stake in Ojitex Holdings Sdn Bhd to Oji Paper Co Ltd for RM18.51mil. 

“The proposed disposal is to enable Texchem to reprioritise its investments and realise immediate cashflow of about RM18.51mil,” the company told Bursa Malaysia. 

Texchem said the disposal would enable it to reduce group borrowings or use part of the proceeds for reinvestment. – AFX-Asia 

EBWORX BHD has won a S$2.7mil (RM6.1mil) contract to implement its Digital Credit Management System’s Secured Loan Module for Overseas Chinese Banking Corp Ltd (OCBC). 

The contract covered the software licence and professional service fee, eBworx said in a statement.  

The project is expected to be completed within 12 months. 

Chief executive officer Tan Suan Fong said the project marked the third time that Singapore’s OCBC had chosen eBworx to implement its software. 

The project was expected to contribute positively to future earnings of eBworx, he added. – Bernama 

KPJ Healthcare Bhd said its wholly-owned subsidiary Kumpulan Perubatan (Johor) Sdn Bhd has agreed to acquire 60% in Selangor Medical Centres Sdn Bhd (SMC) from SMC shareholders for RM48mil. 

The purchase will be settled via internal funds. 

KPJ said in a statement to Bursa Malaysia the stake would be acquired from Koperasi Serbaguna Anak-anak Selangor Bhd, Hashim Abdullah, Pantai Bharu Holdings Sdn Bhd, Shamsuddin Hj Nor, Selangor Amal Holdings Sdn Bhd and Medi-Vision Sdn Bhd. 

“The proposed acquisition is in line with KPJ Group’s objective to increase its network of hospitals to locations where private healthcare is in demand,” it said. – AFX-Asia 

l Aeon Co (M) BHD has entered into a conditional sale and leaseback agreement with Equity Nirvana Sdn Bhd for the sale of Kinta City Shopping Centre for RM121mil cash.  

The proposed sale and leaseback is made on the understanding that the purchaser will lease the property to Aeon on completion of the sale and purchase of the property. – Bernama 

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