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SHARES of Ho Hup Construction Co Bhd surged to their highest level since May 2000 on speculation that the company could see changes in its major shareholders and that the new owners would inject the RM1.02bil Penang Outer Ring Road (PORR) project into Ho Hup.
PUNCAK Niaga Holdings Bhd is believed to have settled its legal dispute with CGE Utilities (M) Sdn Bhd over the operations and maintenance contract that they signed in December 1995.
ANALABS Resources Bhd is pinning its hopes on aquaculture to return the group to the profitability it previously enjoyed after declining margins and intense competition in its key industrial waste recycling business depressed earnings to its lowest level in five years.
KUMPULAN Emas Bhd (KEB) expects to derive income from its core business of property rental, oil milling in India, and forestry in Solomon Islands beginning this financial year.
HYFLUX Ltd said it is now 'cautiously optimistic' that its full-year 2003 sales will double, even though it had earlier been forecasting it would see sales doubling this year from S$45.27mil in 2002.
TAKAFUL Nasional Sdn Bhd has come out with a new branding strategy to increase market awareness of its products and set it apart from other takaful players.
In July, MBf Cards (Malaysia) Sdn Bhd launched its first Visa credit card and called it the Gaia card.
INTEREST in water- and sewerage-related counters welled when the government awarded the water supply privatisation in Selangor and Federal Territory to Puncak Niaga Holdings Bhd, but a delay since in the issuing of further contracts has unsettled players and investors alike.
Reports on: WCT Engineering, AZRB, Muhibbah Engineering and Loh Loh.
THREE Malaysian companies were ranked in the top 20 of companies in the world's emerging markets in a rating study on corporate governance by I>Euromoney/I>, the leading subscription-based global financial magazine.