KUCHING: Press Metal Aluminium Holdings Bhd has secured an additional 500MW of electricity from Sarawak Energy Bhd (SEB) to power its proposed third aluminium smelter in Samalaju Industrial Park, Bintulu. Press Metal, which is the largest aluminium producer in South East Asia, entered into a power purchase agreement (PPA) with
KUCHING: Sinong Pelita Oil Mill Sdn Bhd (SPOM) will buy a factory and plantation land in Oya-Dalat land district, Mukah for about RM44.8 million. The wholly-owned subsidiary of Sinong Holdings Sdn Bhd will acquire the assets from two units of KUB Malaysia Bhd (KUB). SPOM is principally involved in oil
KUCHING: Sarawak Cable Bhd’s wholly-owned unit, Leader Cable Industry Bhd (LCIB), will dispose of an industrial property in Selangor for RM65 million in cash. LCIB has entered into a conditional sale and purchase agreement (SPA) with Maxter Glove Manufacturing Sdn Bhd (MGMSB) for the proposed disposal of a parcel of
KUCHING: YKGI Holdings Bhd’s wholly-owned subsidiary Star Shine Marketing Sdn Bhd (SSM) has entered into a debt settlement arrangement with Acesteel Industries Bhd, which owes the former RM3.5 million. The settlement is via the issuance of 1,428,571 new ordinary shares representing 51.41 percent of the enlarged share capital of Acesteel
KUCHING: Zecon Bhd has fixed the issue price for its private placement at 25 sen per share. The issue price represents a discount of about 8.19 percent to the five-day volume weighted average price (VWAP) of Zecon shares at 27.23 sen (up to July 10), the company said in a
KUCHING: Sarawak exported 174,038 cubic metres of logs with free on board (FOB) value of nearly RM89.1 million in May, the highest monthly shipment recorded in 2019. The export volumes have increased significantly over the past three months. In April, 163,215 cu m worth RM81.8 million was exported, an increase
KUCHING: Ekovest Construction Sdn Bhd (ECSB) has claimed for general damages from Samling Resources Sdn Bhd (SRSB) for what it claimed as “wrongful termination” of the joint venture and shareholders agreement they have entered into in relation to jointly undertake the Pan Borneo Highway project. The wholly-owned subsidiary of Ekovest
KUCHING: Quality Concrete Holdings Bhd’s construction & property development segment has more than doubled its revenue in first quarter ended April 30, 2019 (Q1-2019). The segment’s turnover surged to about RM8.1 million from RM3.54 million in Q1-2018. Quality Concrete attributed the improved performance to the segment having achieved better progress
KUCHING: Subur Tiasa Holdings Bhd, whose bottomline has been hit by low logs production, is in the process of certifying its forest concessions. The Sibu-based company expects to obtain the forest management certification for its forest located in Sibu, Kapit and Bintulu regions. In the nine-month period ended April 30,
KUCHING: KKB Engineering Bhd (KKB) and its oil & gas subsidiary OceanMight Sdn Bhd have been awarded three contracts worth a combined RM29 million. Two of the contracts involved the supply of mild steel cement lined (MSCL) pipes for the Sarawak Water Supply Grid Programme to Mirecont Sdn Bhd and
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