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KUALA LUMPUR: Bursa Malaysia has approved Borneo Oil Bhd’s rights issue with free warrants, enabling it to raise RM223.39mil to expand its gold mining in Peninsular Malaysia.
SARAWAK’S homegrown fast-food restaurant chain SugarBun will soon hit a network of 100 franchised outlets as it mounts further expansion.
KUCHING: Borneo Oil Bhd, which is expected to commence gold mining activities soon in a second area in Pahang, plans to invest an additional RM40mil to step up its mining operations in the state. According to executive director Raymond Teo Kiew Leong, land clearing is underway and mining equipment is being mobilised to facilitate the mining of alluvial gold and tailings at Bukit Ibam, Rompin district, in the current quarter.