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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.
SOFTWARE house UBS Corp Bhd is optimistic of achieving its net profit target of RM5.9mil for the financial year ending Dec 31, 2003, as indicated in its prospectus, despite forecasts by research houses to the contrary.
THE Securities Commission (SC) has released seven revised fund-raising guidelines to mark today's completion of the three-phase Malaysian capital market's transition to a disclosure-based regulatory (DBR) framework for fund-raising from the previous merit-based regulatory.
SPECIALITY fats manufacturer Premium Nutrients Bhd plans to spend RM20mil over the next 1 year to expand its recently-acquired processing facility in India.
SOON-TO-BE-LISTED Scomi Group Bhd expects its overseas oil and gas services business to contribute at least 40% to its income in the next three to five years, according to its president and chief executive officer Shah Hakim Zain.
THE National Economic Action Council (NEAC) remains confident that Malaysia will achieve the projected 4.5% growth in gross domestic product (GDP) this year even though a number of research bodies have scaled down their projections to below the government#039;s revised forecast.