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Prostasco suit seeks refund from PT ASU and damages from 2 directors
KUALA LUMPUR: Protasco Bhd has launched a legal suit against Indonesian-based PT Anglo Slavic Utama (PT ASU) and two of its directors, Tey Por Yee and Ooi Kock Aun, at the Kuala Lumpur High Court. PT ASU is the first defendant, while Tey and Ooi are the second and third defendants, respectively.
Protasco slips after oilfield venture called off
KUALA LUMPUR: Shares of Protasco Bhd fell to a low of RM1.75 in active trade on Wednesday as investors trimmed their stakes after it abandoned its venture into the onshore marginal oilfield development in Indonesia.
Protasco fourth quarter profit jumps
PETALING JAYA: Construction outfit Prostasco Bhd saw its net profit more than doubled in the final quarter of 2013 to RM15.87mil from RM6.74mil a year earlier, lifted by improvements across most of its segments.
Trading ideas: Yinson, Tanjung Offshore, Prostaco
KUALA LUMPUR: Hwang DBS Vickers Research expects two oil & gas counters - Yinson Holdings and Tanjung Offshore to attract added interest on Tuesday while also in focus could be Prostasco.
Trading ideas: Yinson, Tanjung Offshore, Prostaco
Hwang DBS Vickers Research expects two oil & gas counters - Yinson Holdings and Tanjung Offshore to attract added interest on Tuesday while also in focus could be Prostasco.
Protasco shines on strong order book
The prospects of construction company Protasco Bhd appear bright with its current outstanding order book of RM2.2bil from concessions, a RM246.2mil Kedah road project as well as its diversification into overseas projects, specifically in Libya.
