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UBG Bhd believes it can double the order books of both Loh Loh Corp Bhd and Putrajaya Perdana Bhd in a little more than a year. It has a viable platform that would enable the Sarawak-based company to expand its reach to new markets and sectors.
UBG Bhd believes the way forward is to grow via acquisitions and it will set aside about RM500mil to acquire more companies.
INTERESTING movements have been taking place at Cahya Mata Sarawak Bhd (CMS) in recent times.
KUCHING: Cahya Mata Sarawak Bhd (CMSB), an investment holding company, on Tuesday opened its RM190mil integrated cement plant in Jalan Mambong, off Borneo Heights Road, here.
PETALING JAYA: Kenanga Investment Bank Bhd (KIBB), a unit of K&N Kenanga Holdings Bhd (Kenanga Holdings), has inked a Subscription Agreement (SA) and a Joint Venture (JV) Agreement with Rakuten Securities Inc to jointly provide online brokerage services.
PETALING JAYA: Cahya Mata Sarawak Bhd's (CMS) sale of its long-held substantial interest in UBG Bhd to PetroSaudi International Ltd for RM466mil is crucial to meet its funding needs for the multi-billion ringgit aluminium smelter project, Sarawak Aluminium Co (Salco), said a source.