Bursa highlights for Monday, Jan 11

Bursa highlights logo for Star Online (Business).

Bursa highlights on Jan 11

Duta-Ulu Klang Expressway concession holder Ekovest Bhd has been given a 53½-year toll concession for the construction and maintenance of the RM3.738bil, 35km Setiawangsa-Pantai Expressway in Kuala Lumpur (formerly known as the DUKE Phase-3). Read more

Seacera Group Bhd’s 60%-owned subsidiary, SPAZ Sdn Bhd, has been prequalified for the construction works related to the proposed Damansara-Shah Alam Elevated Expressway (DASH) and proposed Sungai Besi-Ulu Kelang Elevated Expressway (SUKE). Read more

Sime Darby Bhd chief operating officer Tan Sri Dr Abd Wahab Maskan, 65, has resigned from his post as chief operating officer due to health and medical condition. Read more

Hua Yang Bhd plans to launch a mixed development project in Johor Baru with an estimated gross development value of RM346.4mil. Read more

East Malaysia-based consumer packaged goods distributor Kim Teck Cheong Consolidated made its listing debut only last November, but it already has ambitious plans which include doubling its revene by buying over a competitor. Read more

Premium cookware maker Ni Hsin Resources Bhd has ended its trademark licence agreement with the owner of the Buffalo brand. The brand, based on Ni Hsin’s latest annual report, made up 67% of its cookware sales for 2014. Ni Hsin says the termination will, among others, enable it to focus on developing an in-house brand name. Read more

Technology service provider Omesti Bhd, which made a net loss of RM12.4mil for the first half-year ended Sept 30, 2015, plans to do a private placement to raise gross proceeds of up to RM29.95mil, mainly to be used for working capital. Read more

Berjaya Corp Bhd has disposed of a 7.44% stake in garment and packaging product maker Magni-Tech Industries Bhd for RM50mil or RM4.13 a share to Perbadanan Nasional Bhd, leaving it with a 8.43% stake. Read more

Poultry-based firm Lay Hong Bhd is placing out a 10% stake worth up to RM30.52mil to Tokyo Stock Exchange-listed NH Foods Ltd and plans to set up a joint venture with the Japanese company. Read more

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