Bursa highlights logo for Star Online (Business).
Bursa highlights on March 10
A Zecon Bhd-Kimlun Sdn Bhd joint-venture has secured a RM1.46bil contract to build and upgrade phase 1 (Serian Roundabout to Pantu Junction) of the Pan Borneo Highway in Sarawak. The RM29.9bil toll-free highway project will cover 2,239km in Sabah and Sarawak. Read more
Soon-to-be-listed Ranhill Holdings Bhd’s special-purpose vehicle Ranhill (Yongxin) Water Co Ltd has won a 29-year concession to operate a wastewater treatment plant in Maoping Industrial Park in Jiangxi, China. It will invest 50 million yuan (RM31.5mil) in the 10-million-litre-per-day plant. Read more
Scomi Engineering Bhd (SEB), facing a possible termination of contract from Prasarana Malaysia for allegedly falling behind schedule, will contest the validity of the “notice to remedy” that it received from the KL Monorail System owner. Prasarana had on Wednesday given SEB 60 days to “remedy’ the situation. Read more
Malaysia Building Society Bhd (MBSB) plans to raise up to RM2bil via a renounceable two-call rights issue of new shares to meet its capital requirement. This will help boost its leverage ratio to at least 12.5% in compliance with Bank Negara’s requirement, Read more
Roof tile maker ML Global Bhd has extricated itself from the Practice Note 17 (PN17) status after six years of trying, whereby it had to revise its original regularisation plan by bringing in property developer LBS Bina Group Bhd as a strategic investor. Read more
Key Alliance Group Bhd, whose trading volume surged to 85.975 million shares on Thursday, has received an unusual market activity query from Bursa Malaysia Securities on the sudden jump. The loss-making technology solutions firm had not replied as of Thursday. Read more
Independent “burn-in” service firm KESM Industries Bhd
’s profit attributable to owners of the company more than tripled to RM7.0mil in the second quarter ended Jan 31, 2016 from RM2.09mil a year earlier due to higher demand for all services. The company, which services the electronics and semiconductor industries, posted a 211% jump in profit to RM15.06mil for the first half-year compared with the same period in the preceding financial year.
* Note: There will be no Bursa Highlights for Friday’s announcements to the bourse, but we will return on Monday next week
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