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ATA IMS, KPower, Sime Darby, TNB, Careplus, Hong Seng Consolidated, Sapura Energy, Dataprep, Bintai Kinden, Ireka and Poh Kong

KUALA LUMPUR (Dec 14): Based on corporate announcements and news flow on Tuesday (Dec 14), companies in focus on Wednesday (Dec 15) may include: ATA IMS Bhd, KPower Bhd, Sime Darby Bhd, Tenaga Nasional Bhd (TNB), Careplus, Hong Seng Consolidated Bhd, Sapura Energy Bhd, Dataprep Holdings Bhd, Bintai Kinden Corp Bhd, Ireka Corp Bhd and Poh Kong Holdings Bhd.

ATA IMS Bhd said it has asked for charges that it violated labour laws to be dropped, saying any infractions were caused by "challenges presented during the pandemic". ATA was charged with four violations of laws relating to minimum standards for worker accommodation, the Labour Department said last week.

KPower Bhd said Serba Dinamik Holdings Bhd group managing director and CEO Datuk Dr Mohd Abdul Karim Abdullah has resigned as its non-independent non-executive chairman. The resignation is effective immediately and following his resignation, Mustakim Mat Nun, the group’s deputy chairman, will assume the chairman’s position temporarily.

Sime Darby Bhd's automotive unit Sime Darby Motors (SDM) Malaysia plans to work together with Tenaga Nasional Bhd (TNB) for two years to explore initiatives to accelerate the adoption of electric vehicles (EVs), including ensuring a network of highly efficient EV charging infrastructure is in place to support this growth. The two parties also aim to look into other energy-efficient and renewable energy initiatives to optimise the cost of EV charging infrastructure and to reduce carbon emissions.

Careplus Group Bhd said the Securities Commission Malaysia has approved of its proposed transfer from Bursa Malaysia's ACE Market to the Main Market. The rubber glove maker made its ACE Market debut 11 years ago in December 2010.

Hong Seng Consolidated Bhd, formerly known as MSCM Holdings Bhd, has announced the resignation of Datuk Seri Dr Chen Chaw Min as its independent non-executive chairman — just over six months since his appointment.  The retired government officer resigned to concentrate on his other careers.

Sapura Energy Bhd CEO Datuk Mohd Anuar Taib said the group's asset divestment strategy is progressing well and is confident that the group will benefit from the exercise. Anuar, however, did not elaborate further on the details of the asset divestment strategy. Chief financial officer Andy Chew said the group has not set any financial target on its divestment strategy, adding it will thoroughly review its core and non-core assets

Dataprep Holdings Bhd said its collaborative partner Asia Coding Centre Sdn Bhd has received notification from the Ministry of Health to commence a trial run and deployment of Covid-19 screening RT-PCR molecular testing at the ministry’s existing sites. This includes the registration, sampling and testing until the issuance of the testing result. It added that the operations of the Covid-19 screening will be performed jointly under its subsidiary Dataprep Asia Sdn Bhd.

Bintai Kinden Corp Bhd has inked a deal to explore and pursue an engineering, procurement, construction and commissioning contract for the power import project by Malaysia LNG Sdn Bhd in Sarawak. The firm said its unit Kejuruteraan Bintai Kindenko Sdn Bhd is teaming up with Kejuruteraan Gemilang Jaya Sdn Bhd to jointly explore and pursue the EPCC contract.

Ireka Corp Bhd has secured an affordable and mixed housing development of 9.75 hectares on government land in Terengganu, with the provisional sum of the project amounting to RM58.29 million. The construction and property group said its subsidiary Ireka Development (Terengganu) Sdn Bhd has accepted a letter of award by Koperasi Permodalan Sahabat Terengganu Bhd to develop the project in Kampung Baru Kuala Abang in Dungun district.

Poh Kong Holdings Bhd’s net profit dropped 63% to RM5.42 million for the first quarter ended Oct 31, 2021, from RM14.64 million a year earlier, on lower revenue due the lockdown. Quarterly revenue fell 21% year-on-year to RM175.29 million from RM221.9 million, the group’s bourse filing showed. On a quarter-on-quarter basis, Poh Kong returned to the black after reporting a net loss of RM13.26 million for the immediate preceding quarter, as revenue jumped 105% from RM85.62 million.


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