KUCHING: KKB Engineering Bhd has secured two contracts worth a combined RM29 million for the supply of pipes and fittings as well as steel products. The steel fabricator has entered into an agreement with Sinohydro Corporation (M) Sdn Bhd for the supply of pipes and fittings. The contract duration is
KUCHING: A Dayang Enterprise Holdings Bhd (Dayang) unit has won a new contract for the maintenance of offshore structure from Petronas Carigali Sdn Bhd. Wholly-owned subsidiary Dayang Enterprise Sdn Bhd (DESB) was awarded the contract for the provision of hook-up, commissioning and topside major maintenance services — Peninsular (Non-ANGSI and
KUCHING: Borneo Oil Bhd, which owns fast-food restaurant chain SugarBun, has made massive impairments to the assets and expenditure related to the group’s mining and energy operations. This has resulted in the company’s mining, energy and related business division to suffer a huge loss of RM73.06 million in fourth quarter
KUCHING: BLD Plantation Bhd’s bottomline has been hit by the lower average selling prices of palm oil products. In the first quarter ended June 30, 2019 (Q1-2019), BLD suffered group net loss of RM17.58 million on revenue of RM338.8 million. Loss per share was 18.8 sen. There were no comparison
KUCHING: Hubline Bhd has generated a first time revenue of RM6.3 million in third quarter ended June 30, 2019 (Q3-2019) from the recent acquisition of a 51 percent stake in aviation company Layang Layang Aerospace Sdn Bhd. The shipping firm paid about RM14.2 million for the stake in Layang Layang,
KUCHING: Bilateral trade between Malaysia and Cambodia, a long-established investment destination of Malaysia banks and other leading corporate firms, has blossomed over the years. This is evident as the two-way trade between the two Asean member countries has grown stronger from RM425.6 million in 2016 to RM445.8 million in 2017
KUCHING: Debt-laden Zecon Bhd is planning to undertake another private placement exercise to raise funds. It plans to place out up to 30 percent of the total number of the company’s issued shares. In disclosing this when releasing the results of financial year ended June 30, 2019 (FY2019) last week,
KUCHING: Serba Dinamik Holdings Bhd (SDHB) has proposed a bonus issue and issuance of free warrants to reward its shareholders. The company also proposes a share split involving a subdivision of every two existing ordinary shares into thee shares (subdivided shares). The bonus issue of 881.1 million shares is on
KUCHING: Naim Holdings Bhd has chalked up strong financial results in first half of 2019 (H12019), driven by higher contributions by its property and construction business. Group revenue surged to RM300.8 million from RM260.2 million in H1-2018 or an increase of RM40.6 million or 15 percent. The leading property developer
KUCHING: The Samalaju Industrial Port has generated a double-digit growth in revenue as it handles more cargoes from energy-intensive industries from Samalaju Industrial Park, Bintulu. In second quarter ended June 30, 2019 (Q2-2019), the speciallybuilt port increased its revenue to RM28.87 million from RM23.78 million in Q2-2018 or up by
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