Type something and hit enter


Reservoir Link, Teladan Setia, Barakah Offshore, SCIB, Transocean, CN Asia, Homeritz and Widad

KUALA LUMPUR (April 14): Based on corporate announcements and news flow today, companies in focus tomorrow (April 15) may include: Reservoir Link Energy Bhd, Teladan Setia Group Bhd, Barakah Offshore Petroleum Bhd, Sarawak Consolidated Industries Bhd, Transocean Holdings Bhd, CN Asia Corp Bhd, Homeritz Corp Bhd and Widad Group Bhd.

Sarawak-based Reservoir Link Energy Bhd said today it has been appointed one of the panel umbrella contractors by Petroliam Nasional Bhd (Petronas) to provide new technology equipment and services. The company said its wholly-owned unit Reservoir Link Sdn Bhd (RLSB) received the Letter of Appointment (LOA) for the services on Dec 11, 2020 while Petronas' approval to announce the panel appointment was obtained on April 13, 2021. The appointment shall be valid for five years from the date of LOA until Dec 10, 2025.

Newly listed Teladan Setia Group Bhd said it is acquiring three parcels of land measuring a combined 210ha (520 acres) in Jasin, Melaka for RM95.1 million, to develop affordable houses priced between RM200,000 and RM400,000. Teladan Setia said its wholly-owned unit Asal Harta Sdn Bhd is buying the land parcels from Eramaju Tegas Sdn Bhd.

Barakah Offshore Petroleum Bhd has proposed to undertake a private placement of up to 167.16 million new shares, equivalent to 20% of its existing issued shares, to raise RM14.29 million for its working capital, payment of salaries to staff as well as operating and administrative expenses. The shares will be placed to independent third-party investors to be identified soon at an issue price to be determined later.

Sarawak-based Sarawak Consolidated Industries Bhd (SCIB) is acquiring a loss-making construction firm in Seri Kembangan, Selangor for RM4.98 million, to explore business expansion plans in Peninsular Malaysia. SCIB said the group inked a conditional share sale agreement with three individuals — Noorazylawati Abdul Bakar, Mohd Khairil Mohd Hatta and Ibrahim Mohd Noor — to acquire Kencana Precast Concrete Sdn Bhd (KPCSB).

Transocean Holdings Bhd is buying a 40% stake in Enfrasys Solutions Sdn Bhd from Enfrasys Consulting Sdn Bhd for RM20 million. The logistics company said the purchase consideration will be settled via issue of new shares at RM1 per share.  

In less than two months after it announced the proposal of a bonus issue of warrants, share placement and share issuance scheme (SIS), CN Asia Corp Bhd today proposed a three-for-two bonus issue of shares. The company said the proposed bonus issues aim to improve trading liquidity and marketability of the company shares and to attract greater participation by investors.

Furniture maker Homeritz Corp Bhd is temporarily stopping the operations of its manufacturing plant in Kawasan Perindustrian Bukit Bakri, Muar, Johor for seven days, beginning April 13, after several of its workers there tested positive for Covid-19. The suspension of operations will cause a delay in the shipment of several sales orders, according to the group.

Widad Group Bhd has proposed the acquisition of a firm for RM35 million cash, which will expand the group's integrated facilities management service offerings into the defence industry. Widad said its wholly-owned subsidiary Widad Capital Sdn Bhd has signed a Heads of Agreement to acquire Palm Shore Holdings Sdn Bhd (PSHSB) from Nawawi Tamby and Mohd Ghauth Mohd Yusoff, who hold 70% and 30% stakes in the firm respectively.


Back to Top
Back to Top