Serba Dinamik, Vertice, Vizione, Hock Seng Lee, AirAsia, SCBuild, Gagasan Nadi Cergas, Impiana Hotels

Serba Dinamik, Vertice, Vizione, Hock Seng Lee, AirAsia, SCBuild, Gagasan Nadi Cergas, Impiana Hotels

KUALA LUMPUR (Dec 29): Based on corporate announcements and news flow on Wednesday, companies in focus on Thursday (Dec 30) may include Serba Dinamik Holdings Bhd, Vertice Bhd, Vizione Holdings Bhd, Hock Seng Lee Bhd, AirAsia Group Bhd, SC Estate Builder Bhd, Gagasan Nadi Cergas Bhd and Impiana Hotels Bhd.

Serba Dinamik Holdings Bhd chief executive officer Datuk Dr Mohd Abdul Karim Abdullah, who could not be located on Tuesday (Dec 28), turned up at the Sessions Court on Wednesday to be charged in relation to the group's submission of a false statement to Bursa Malaysia. Meanwhile, the group's vice-president of accounts and finance, Muhammad Hafiz Othman, was slapped with an additional charge at the Shah Alam Sessions Court for allegedly creating fictitious sales, causing falsified revenue to be recorded in Serba Dinamik's earnings report for the quarter and year ended Dec 31, 2020.

Construction group Vertice Bhd and Consortium Zenith Sdn Bhd have mutually agreed to terminate the Package 2 contract of the Penang Mega Infrastructure Project. The contract, awarded by Consortium Zenith to Buildmarque Construction Sdn Bhd in August 2018, was for the construction of a bypass connecting Bandar Baru Ayer Itam and the Tun Dr Lim Chong Eu Expressway in Penang, for a contract value of RM815 million. Buildmarque is a 50:50 joint venture between Vertice's wholly-owned unit Vertice Construction Sdn Bhd and Vizione Construction Sdn Bhd, a wholly-owned subsidiary of Vizione Holdings Bhd.

Permodalan Nasional Bhd's unit trust fund, Amanah Saham Bumiputera (ASB), has disposed of its entire 9.55% stake in Sarawak-based infrastructure company Hock Seng Lee Bhd. ASB sold the stake comprising 52.49 million shares on Monday (Dec 27). Based on Bloomberg data, ASB was the second largest shareholder of Hock Seng Lee, after the company's investment holding firm Hock Seng Lee Enterprise Sdn Bhd, which holds a 58.46% stake.

AirAsia Group Bhd will complete its renounceable rights issue to its existing shareholders upon listing of the redeemable convertible unsecured Islamic debt securities and warrants on Friday (Dec 31). The group will be able to raise RM974.5 million — a strong injection to support the group's overall fundraising strategy.

Tycoon Tan Sri Lee Kim Yew has said SC Estate Builder Bhd's (SCBuild) existing 10 directors can be criminally liable for rejecting the nominations of eight candidates aspiring to be new directors of the construction company. Lee, who is Country Heights Holdings Bhd executive chairman, is among the eight nominated candidates. He accused the current directors of unlawfully rejecting the written nominations made by two SCBuild shareholders — Valuevest Ventures Sdn Bhd and Datuk Eric Tan Chwee Kuang — for the eight candidates to be elected to the company's board at the annual general meeting on Dec 31.

Gagasan Nadi Cergas Bhd has secured a RM195.21 million contract from Paramount Corp Bhd to build 1,076 units of affordable homes in Greenwood Salak Perdana, Sepang. This contract is part of the RM385 million job announced in May to build high-rise affordable homes in Greenwood Salak Perdana and Kemuning Utama, the group noted.

Impiana Hotels Bhd has proposed to acquire a 30% stake in fintech solution provider Accuventures Sdn Bhd for RM4.2 million. Through this acquisition, Impiana said it will be implementing digitalisation solutions for the group to manage its hospitality business operations.

https://www.theedgemarkets.com/article/serba-dinamik-vertice-vizione-hock-seng-lee-airasia-scbuild-gagasan-nadi-cergas-impiana