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Salcon Bhd has secured a 50-year concession for the Changle County water supply project in China#039;s Shandong province through its joint venture with Changle County General Water Supply Company (CCGWSC).
THE Federation of Malaysian Manufacturers (FMM) wants its members to consider joint venture operations in a third country with their Thai counterparts.
AMWAY (M) Holdings Bhd has posted a 25% increase in pre-tax profit to RM21.1mil for its third quarter ended May 31 from RM16.8mil in the previous corresponding quarter. Revenue for the quarter was RM120.3mil, up 32% from RM91.5mil a year ago.
PEMBINAAN Jayabumi (Sarawak) Bhd#146;s (PJSB) initial public offering (IPO) comprising 4 million RM1 shares at an issue price of RM1.70 each has been oversubscribed by 8.01 times.
KLSE main board company TH Group Bhd (THG), which is into plantations, contracting services and information technology-related investments, will move into a fourth core business, healthcare, with the acquisition of the Nilai Cancer Institute (NCI), the first private oncology hospital in Malaysia.
SALCON Bhd, which is aiming for a KLSE main board listing in the first week of September, is confident of achieving more than RM20mil in pre-tax profit for the year ending July 31 compared with RM12.5mil the previous year, said chief executive officer Lim See Teok.
PBA Holdings Bhd#146;s (PBA) month-old joint-venture company, Pinang Water Ltd (PWL), has secured its first waterworks project in China that will yield a minimum committed gross revenue of RM243mil over a 29-year period.
Property Talk: A weekly column by S.C. Cheah. This week he says developers are giving big discounts, attractive rental guarantee, free maintenance fees and a host of other incentives that includes a contest with a BMW I>318iA/Ias the grand prize to push sales in the current sluggish property market.
OMRON Electronics Sdn Bhd expects to achieve a 33% increase in turnover to RM60mil in 2005 from RM45mil in 2002 following increased demand for industrial automation solutions.
News in brief on Cahaya Mata, Granite Industries, Southern Bank and PBA Holdings.