News in brief


  • KUALA LUMPUR: Puncak Niaga Holdings Bhd's wholly-owned unit Puncak Oil & Gas Sdn Bhd has signed a joint-venture agreement with Aerosystems Tactical Sdn Bhd to provide water supply treatment equipment in Sarawak. 

    This will see Puncak Niaga broadening its earnings base from relying solely on its existing water-related activities. – Bernama 

  • KUALA LUMPUR: Sarawak Energy Bhd signed a memorandum of understanding last Saturday for China Three Gorges Project Corp to undertake a comprehensive review of the proposed design of the civil construction works and the mechanical and electrical plant and equipment of the Murum Hydroelectric Project in Sarawak. – Bernama 

  • PETALING JAYA: Ireka Corp Bhd has announced a proposed acquisition from Telekom Malaysia Bhd (TM) a parcel of land in Kuala Lumpur for RM10.8mil and the execution of a call option agreement that allows ownership of the land to be transferred to Aseana Properties Ltd. 

    A conditional sales and purchase agreement was signed on Aug 10 between wholly-owned subsidiary United Time Development Sdn Bhd (UTD) and TM for the 54,003 sq ft parcel.  

    The land is currently designated for use of a telecommunications exchange facility, which has not been erected. 

  • PETALING JAYA: CB Industrial Product Holding Bhd has been awarded a RM79mil contract by Felda Palm Industries Sdn Bhd for the supply of palm oil mills at seven locations. 

  • PETALING JAYA: SCOMI GROUP BHD has announced a share buy-back of 300,000 shares for between RM1.55 to RM1.57 per share.

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