> SC ISSUES REVISED RULES ON SECURITIES BORROWING AND LENDING: The Securities Commission yesterday released a set of revised guidelines to facilitate the reintroduction of securities borrowing and lending (SBL) in Malaysia.
This followed the announcement by BURSA MALAYSIA BHD last week that it would allow regulated short selling on the local stock exchange from Jan 3 next year.
In a statement, the SC said under the revised Guidelines on Securities Borrowing and Lending, Bursa Malaysia Securities Clearing was authorised to be the central lending agency for all SBL activities conducted in Malaysia.
“It also serves to ensure that short-selling transactions can only be undertaken if accompanied by authorised SBL arrangements,” the commission said. The revised guidelines, which superseded the earlier guidelines issued in December 1995, are available on the SC website at www.sc.com.my. – Bernama
> SBBS TO BE DELISTED ON JAN 10: SBBS Consortium Bhd will be delisted and removed from the stock exchange effectively Jan 10, Bursa Malaysia Securities Sdn Bhd said yesterday. Bursa said the company had failed to issue the annual audited accounts for financial year ended Dec 31 last year and more than six months had lapsed from the expiry of the timeframe stipulated.Upon the delisting of SBBS, it will continue to exist but as an unlisted entity.
> PPB OIL UNIT IN CHEMICAL SUPPLY DEAL: PPB Oil Palms Bhd's wholly-owned subsidiary, Clonal Palms Sdn Bhd (CPSB) has entered into a Supply and Service Agreement with Agrocom Enterprise Sdn Bhd for the supply of chemical media and provision of technical advisory services to CPSB.
CPSB owns and operates a laboratory in Kuching, producing high-yielding tissue-cultured oil palm planting materials for supply to PPBOP group’s oil palm estates in Sabah, Sarawak and Indonesia. – Bernama
> TANJUNG OFFSHORE SUBSIDIARY GETS PERTONAS CARIGALI JOB: Tanjung Offshore Bhd’s wholly-owned subsidiary, Tanjung Offshore Services Sdn Bhd (TOS), has been awarded a contract from Petronas Carigali Sdn Bhd for the provision of gas turbines maintenance service amounting to RM6mil. – Bernama
> JAKS RESOURCES FORMS CONSORTIUM TO SECURE PIPES SUPPLY CONTRACT IN KEDAH: JAKS Resources Bhd has entered into a joint-venture agreement with BINA DARULAMAN BHD (BDB) to form a consortium to secure contract from the Kedah state government for the supply of pipes, fittings and related components for the implementation of various waterworks projects in the state. – Bernama
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