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KL Infrastructure Group Bhd (KLIG), which hopes to be listed on the KLSE main board by June this year, plans to use 95% of the projected RM100mil proceeds to retire borrowings, executive director Al-Jeffery Ibrahim said.
KUMPULAN Guthrie Bhd#146;s property development business will contribute 40% to group revenue this year while plantations will make up the balance.
WHILE traffic for the month of January 2003 was good, domestic traffic was weaker on a month-to-month basis following the seasonally strong month of December. Traffic for February 2003 was also weaker after Chinese New Year but forward bookings are looking stronger this year.
PLUS Expressways Bhd has indeed come a long way. But one thing has remained certain through the wild swings of the economy, the rise and fall of its parent United Engineers (M) Bhd that led to its own indebtedness and change of control - it has always been a prized asset.
HARDLY three weeks after its Valentine#039;s Day listing, Symphony House Bhd has created a minor stir on the share market with its proposed acquisition of Malaysian Issuing House Sdn Bhd (MIH) for RM2.45 million cash. It was, by far, the most active counter on the Kuala Lumpur Stock Exchange (KLSE) on Wednesday (the day the announcement was made) and Thursday.
Online investment advisor Surf88.Com writes on Maxis.
TELEKOM Malaysia Bhd has an-nounced that it is on the #147;comeback path#148; following stronger performances from its cellular and multimedia divisions. TM Cellular Sdn Bhd, its cellular arm, has made a long awaited return to the black, posting a pre-tax profit of RM9.8mil from a loss of RM150mil for the financial year to end December. Its subscriber base is now some 1.6 million.