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News in brief

Digistar, BIMB Holdings and Timberwell.


UEM-Renong overhaul on track: CEO

THE UEM-Renong Bhd's group-wide restructuring exercise will be completed by November, two months behind the scheduled September deadline set when the plan was first unveiled in March.


Hopes for substantial concessions

IT'S difficult to predict what the Finance Minister would eventually unveil come Sept 12. However, given the fact that this Government practises public-private sector consultations, the Government that listens, if you like, we can expect many of the representations made by various industry groups to be included in the budget.


Peremba now plans to list on main board via IPO

PEREMBA Construction Sdn Bhd now plans to float on the KLSE main board through an initial public offering (IPO), aborting its earlier proposal for a backdoor listing via Saujana Consolidated Bhd.


Jerneh shaping up as a formidable player

JERNEH Asia Bhd, through its partnership with composite insurer Assicurazioni Generali SpA of Italy, is well on track to become a formidable insurance player in the region, Jerneh's chief executive officer Ralph Liew said in an interview.


Foreign business news in brief

Foreign busines news in brief: 'Ripplewood, Japan Telecom seal deal', 'Qantas considering low-cost carrier' and 'Amcor mops up minority shares'.


MOX posts 46% rise in net profit

INDUSTRIAL gas solutions provider Malaysian Oxygen Bhd (MOX) posted a 46% year-on-year increase in net profit to RM30.2mil for the third quarter ending June 30 on the back of a 27% rise in revenue to RM146.6mil.


Nova MSC fetches 100% premium on Mesdaq debut

NOVA MSC Bhd made a fine debut on the KLSE Mesdaq market yesterday, with its shares opening at double its public offer price of 28 sen, for a gain of 28 sen.


SSL aims for stronger market growth of products

THE name SSL International Plc may not sound familiar to the general consumer but its products under the I>Scholl, Durex, Woodward's Gripe Water/Iand I>ProSport/Ibrands are certainly household names.


Apex confident of steady growth

Apex Healthcare Bhd, which graduated to the KLSE main board yesterday, is confident of maintaining steady growth.