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Bursa highlights on March 7
The Penang state government has doubled the raw water intake fee charged to PBA Holdings Bhd (PBAHB), from 3 sen per cu metre to 6 sen per cu metre, starting Jan 1. PBAHB estimates the annual water intake fee to be paid to the state government was about RM61.5mil for 2016-2018. Read more
Reach Energy Bhd will acquire a 60% interest in Palaeontol BV for US$154.9mil (RM633mil) through a tripartite conditional agreement with Palaeontol Cooperatief UA and MIE Holdings Corp. Palaeontol owns Emir-Oil LLP, which in turn owns the entire working interest over 850.3 sq km in an onshore contracted area in Kazakhstan with four oil and gas producing fields. Read more
Felda Global Ventures Holdings Bhd’s (FGV) unit Felda Global Ventures Downstream Sdn Bhd (FGVD) proposed purchase of about 55% in China-based edible oil producer Zhong Ling Nutri-Oil Holdings Ltd for RM976.25mil is subject to shareholders’ approval. This is contrary to its earlier announcement on the deal. Read more
Construction firm TSR Capital Bhd has accepted a RM268.9mil contract from the Employees Provident Fund’s unit Kwasa Land Sdn Bhd for common infrastructure works at the Kwasa Damansara township development in Sungai Buloh. Read more
Sunzen Biotech Bhd’s renounceable rights issue was oversubscribed by 14.06% at the close of acceptance on Feb 22. The animal health specialist company raised RM44.8mil from the rights issue which will be used to expand its business. Read more
Carimin Petroleum Bhd’s subsidiary, Carimin Engineering Services Sdn Bhd, has secured a contract to provide mechanical services for Petronas Carigali Sdn Bhd. Read more
Facility services provider AWC Bhd has bagged a 10-year renewal of its concession to maintain Government buildings, as well as a new contract for critical asset refurbishment, worth about RM700mil in total. The renewal of its concession to maintain and give support services for Government buildings in Malacca, Negri Sembilan, Johor and Sarawak is worth about RM555mil. Read more
Damansara Realty Bhd’s 75% owned subsidiary TMR Urusharta (M) Sdn Bhd has received a letter of award worth about RM35mil to provide comprehensive cleaning and related services at the KL International Airport. Read more
Special-purpose acquisition company Sona Petroleum Bhd has announced that March 30 will be the date of its EGM to seek its shareholders’ nod for the US$25mil (RM102.1mil) proposed qualifying acquisition of the Stag Oilfield offshore Western Australia. Read more
IT service provider Nexgram Holdings Bhd has appointed Ferrier Hodgson MH Sdn Bhd as the special auditor to carry out independent verification over certain assets within the group such as cash and bank balances and pre-development costs. Read more
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