Serba Dinamik, ATA IMS, Dialog, Censof, MAHB, Allianz Malaysia, JHM Consolidation, TH Plantations, China Automobile, Ipmuda, Advance Information Marketing and Kamdar
KUALA LUMPUR (Dec 15): Based on corporate announcements and news flow on Wednesday (Dec 15), companies in focus on Thursday (Dec 16) may include: Serba Dinamik Holdings Bhd, ATA IMS Bhd, Dialog Group Bhd, Censof Holdings Bhd, Malaysia Airports Holdings Bhd, Allianz Malaysia Bhd, JHM Consolidation Bhd, TH Plantations Bhd, China Automobile Parts Holdings Ltd, Ipmuda Bhd, Advance Information Marketing Bhd and Kamdar Bhd.
Serba Dinamik Holdings Bhd has confirmed that it has defaulted on its US$222.22 million (RM939.77 million) sukuk, and said the incident may significantly impact the group’s financial performance. Responding to queries by Bursa Malaysia, the group said the default also means the sukuk holders have the right to seek immediate payment for 25% of the outstanding amount of the Islamic bond, which was supposed to mature in May 2022. The group however said it "will be in close communications with its financiers to minimise any financial impact that may arise from the default".
ATA IMS Bhd said the four summonses the group received in October from the Johor Bahru Labour Department were not related to allegations of forced labour that the company faced amid the impending termination of its contract by major client Dyson. The group said the four summonses were issued to its wholly-owned ATA Industrial (M) Sdn Bhd for having temporarily accommodated nine workers in houses of a residential area that did not have the Certificate of Accommodation.
Dialog Group Bhd has bagged an RM360 million contract from Petronas Gas Bhd for the Southern Transmission Improvement and Readiness (STAR) project in Johor. It said the scope of work of the project involves the engineering, procurement, construction and commissioning of a new booster compressor station with associated equipment and facilities at Mengkibol, Kluang.
Censof Holdings Bhd has secured an iPayment contract worth RM13.45 million from the Accountant General's Department. The group said it is of the opinion that the contract will contribute positively to its earnings.
Malaysia Airports Holdings Bhd’s (MAHB) network of airports in Malaysia recorded a total of 2.3 million passenger movements in November 2021, surpassing the two-million mark for the first time since the onset of the Covid-19 in April last year. Managing director Datuk Iskandar Mizal Mahmood said the 77% increase from the 1.3 million recorded in October was mainly contributed by domestic passenger movements, which continued to improve since the easing of interstate travel restrictions.
Allianz Malaysia Bhd has appointed Sean Wang Wee Keong as its new CEO and executive director with effect from Jan 1. Wang will be replacing current CEO Zakri Mohd Khir, who will be retiring on Dec 31. Zakri will however continue to serve the group as a non-independent and non-executive director.
JHM Consolidation Bhd plans to raise RM92 million via a private placement for the construction of its new manufacturing facility at the Batu Kawan Industrial Park in mainland Penang. Under the exercise, up to 55.76 million new shares, representing 10% of JHM’s 557.6 million issued shares, will be issued to independent third party investors to be identified later
TH Plantations Bhd said Tamaco Plantation Sdn Bhd has withdrawn its lawsuit against the group over its decision not to proceed with the proposed disposal of two plantation units for RM170 million. TH Plantations said Sabah-based Tamaco on Dec 10 withdrew the suit to compel TH Plantation to complete the sale of Bumi Suria Ventures Sdn Bhd and Maju Warisanmas Sdn Bhd, which was proposed in December 2019.
Bursa Malaysia Securities has commenced de-listing procedures against China Automobile Parts Holdings Ltd (CAP) after the company failed to issue annual reports for the financial year ended June 30, 2017 (FY17) until FY20. It noted that CAP had failed to demonstrate expeditious steps taken towards the finalisation of the outstanding financial statements, although it had adequate time and opportunity to submit the statements. Meanwhile, CAP said it will be submitting an appeal to Bursa Securities in due course.
Ipmuda Bhd, which will soon change its name to Jentayu Sustainables Bhd, said it has received the Sabah government’s approval for its proposal to develop two hydro plants in Sipitang with total capacity of 160 megawatts. Ipmuda said the State government gave the greenlight to the group for “exclusive water and land rights to develop run-of-river hydroelectric cascading schemes” in Sungai Maligan and Ulu Padas, Sipitang, with installed capacity of 31mw and 129mw respectively.
Business process outsourcing solutions provider Advance Information Marketing Bhd (AIM) said employee fraud and control deficiencies have been found at its wholly-owned Indonesian unit, PT CLS System, based in Jakarta. AIM said the subsequent findings of an internal audit further confirmed the employee fraud, and that PT CLS has lodged a police report over the issue. AIM has also appointed BDO Consulting Sdn Bhd as forensic auditor to carry out an independent forensics audit.
Kamdar Bhd is disposing of a property in Bayan Lepas, Penang for RM12.3 million to repay its bank borrowings. The group said it is selling the land with a four-storey detached factory on it to GSH Precision Technology Sdn Bhd.
https://www.theedgemarkets.com/article/serba-dinamik-ata-ims-dialog-censof-mahb-allianz-malaysia-jhm-consolidation-th-plantations
Singapore Investment
-
-
-
-
-
-
-
-
What do I fear?3 hours ago
-
-
-
The Price Of A Thousand Yen5 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Keyboarding Warriors3 days ago
-
-
-
-
Cory Diary : Portfolio updates3 days ago
-
-
-
Weekly Markets Outlook4 days ago
-
-
-
Portfolio Update5 days ago
-
-
-
-
-
-
-
Beware Of Scams6 days ago
-
-
-
Buying a home for face1 week ago
-
-
-
-
-
-
Finance Investment Movement 441 week ago
-
-
Market indeed coming down1 week ago
-
-
-
-
-
-
Banks and Miles Report – Mar 20242 weeks ago
-
-
Revisiting Bitcoin2 weeks ago
-
-
-
-
2024 (Portfolio Update)2 weeks ago
-
-
-
Retirement Journey Update for March 20243 weeks ago
-
-
-
1Q 2024 Investment Strategy Update3 weeks ago
-
-
Portfolio Summary for March 20243 weeks ago
-
-
-
Portfolio (March 30, 2024)3 weeks ago
-
-
-
QAF #77 - 2023 Annual Report4 weeks ago
-
Lentor Hills Residences4 weeks ago
-
Burnt out!4 weeks ago
-
-
-
Feb 2024 Expenditure4 weeks ago
-
-
Starting Our Second Property Cycle5 weeks ago
-
-
-
-
-
-
-
Feb 2024 Portfolio1 month ago
-
-
Summary of February 20241 month ago
-
The Market Is A Scam!1 month ago
-
-
-
-
-
-
-
-
-
Options Trading Journal Jan 20242 months ago
-
-
-
-
-
-
-
End of 2023 Review3 months ago
-
-
Year 2023 DIYQuant Portfolio Performance Report3 months ago
-
Monthly Summary of November 20234 months ago
-
3 Simple Poker Strategies for Beginners4 months ago
-
Migration of website4 months ago
-
-
Abandon REITS?5 months ago
-
-
-
-
-
-
-
-
-
August 2023 Portfolio Updates7 months ago
-
-
-
-
Hello SP Group, I'm Back!9 months ago
-
-
-
-
A New Light11 months ago
-
-
-
-
-
-
-
Demoralized1 year ago
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment1 year ago
-
-
-
-
-
-
-
-
-
-
-
Home
companies
Serba Dinamik, ATA IMS, Dialog, Censof, MAHB, Allianz Malaysia, JHM Consolidation, TH Plantations, China Automobile, Ipmuda, Advance Information Marketing and Kamdar