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OPTIMISTIC - that#039;s how group chairman Tan Sri Mohd Saleh Sulong feels about the DRB-HICOM Bhd group#039;s prospects this year.
ROAD Builder (M) Holdings Bhd will be on a strong footing to become a leading infrastructure group in the region after the completion of its corporate streamlining exercise next year, its executive vice-chairman Tan Sri Chua Hock Chin said. The move to unlock value from the group's property assets, Seremban 2 and Shah Alam 2, held by its 70%-owned RB Land Sdn Bhd to associate Econstates Bhd is expected to be completed in the April-June quarter.
SUNWAY Holdings Incorporated Bhd (SunInc) plans to take its 63%-owned unit Sunway Construction Bhd (SunCon) private in a cash-and-share deal worth RM221.2mil.
SUNWAY Infrastructure Bhd (SIB), which is en route to a KLSE main board listing in the middle of this month, expects to turn in its maiden profit by 2006 with pre-tax earnings of RM1.43mil.
THE chairmen and chief executives of Telekom Malaysia Bhd and Celcom (M) Bhd, in a joint press conference yesterday, denied there was a rift between them and disagreement over the re-listing of Celcom, contrary to some recent media reports.