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Felcra to rebuild its cash position

PETALING JAYA: Felcra Bhd is currently reviewing several options, including a proposed bond issuance and an outright sale of non-performing assets, to rebuild its depleting cash position.

Nazrul: We have plantation estates, mills and commercial buildings, which we could monetise either in the form of leveraging or an outright sale.

KKB increases capex to RM30mil

KUCHING: KKB Engineering Bhd (KKB) has increased its 2019 capital expenditure (capex) to RM30mil, from an earlier approved sum of between RM20mil and RM25mil, in order to invest more in automation and information and communication technology (ICT) at its steel fabrication yard at Jalan Bako here.

Optimism on Genting group continues

The Genting group of companies, one of Malaysia’s most cash-rich conglomerates, begins its current financial year with a dent in its bottom line.