Pharmaniaga, George Kent, Bintai Kinden, TCS, Awanbiru, KNM, TM, Tan Chong Motor, Samaiden, RGT

Pharmaniaga, George Kent, Bintai Kinden, TCS, Awanbiru, KNM, TM, Tan Chong Motor, Samaiden, RGT

KUALA LUMPUR (Dec 1): Based on corporate announcements and news flow on Wednesday, companies in focus on Thursday (Dec 2) may include: Pharmaniaga Bhd, George Kent (Malaysia) Bhd, Bintai Kinden Corp Bhd, TCS Group Holdings Bhd, Awanbiru Technology Bhd, KNM Group Bhd, Telekom Malaysia Bhd, Tan Chong Motor Holdings Bhd, Samaiden Group Bhd and RGT Bhd.

Pharmaniaga Bhd will embark on setting up a halal insulin manufacturing plant at its high-technology plant in Pharmaniaga Lifesciences Puchong, according to the group’s managing director Datuk Zulkarnain Md Eusope. On the other hand, the group’s chief financial officer Noraini Mohamed Ali said the company had earmarked a capital expenditure of RM107 million for FY21 for its manufacturing division, specifically its halal vaccine and insulin plant, while a further RM295 million is earmarked in FY22 for its logistics and distribution division.

George Kent (Malaysia) Bhd has signed a memorandum of understanding (MoU) with the Malaysia Digital Economy Corporation (MDEC) to collaborate and promote the growth of the tech ecosystem in advancing Malaysia’s digital economy transformation as George Kent seeks new growth opportunities in the digital space.

Bintai Kinden Corp Bhd has inked a MoU with Charter Built Sdn Bhd to jointly develop a piece of industrial land near KLIA. Bintai said the industrial land measuring 36 hectares has a potential gross development value of not less than RM700 million.

TCS Group Holdings Bhd has won a RM126 million contract from Saujana Permai Development Sdn Bhd to build a condominium project in Bandar Saujana Putra. The project known as Arcadia comprises two 21-storey blocks, with 315 units each, together with retail lots.

Awanbiru Technology Bhd said it has secured a contract worth RM75.89 million to provide Google Workspace Solution services to Pernec Integrated Network Systems Sdn Bhd. The group said it will provide Google Workspace Solution, including implementation, deployment and support services for a unified communication and collaborative service managed by Pernec.

KNM Group Bhd, which is in the midst of negotiating for new financing to repay its 2.78 billion baht (RM352.57 million) bonds after missing payments last month, announced the appointment of three non-independent non-executive directors on Wednesday. They are James Beltran, who is linked to the Melewar group, Singaporean businessman Datuk Indera Naresh Mohan, and Ravindrasingham Balasingham.

Telekom Malaysia Bhd has appointed the Employees Provident Fund's chief digital technology officer Muhammad Afhzal Abdul Rahman as its non-independent and non-executive director.

Tan Chong Motor Holdings Bhd said it has terminated its commercial papers and medium term notes (MTN) programmes worth a combined nominal value of RM1.5 billion. This came after the full redemption of the notes which were outstanding under the MTN programme with a nominal value of RM500 million on Nov 24.

Renewable energy and environment solutions provider Samaiden Group Bhd has inked a 20-year solar power purchase agreement with Perbadanan Pengurusan Sunway Nexis, under which the latter will purchase electricity generated from a rooftop solar photovoltaic (PV) power system that will be developed by Samaiden. The rooftop solar PV power system will be a 531-kilowatt-peak grid-connected system that will be built at Sunway Nexis' premises in Kota Damansara.

RGT Bhd is buying a 70% stake in Keenness Precision Engineering Sdn Bhd (KPESB) for RM9.8 million, in a move to further venture into electronic manufacturing service. RGT is buying the stake from KPESB’s directors Ooi Swang Kieat and Tan Eng Thuan.

https://www.theedgemarkets.com/article/pharmaniaga-george-kent-bintai-kinden-tcs-awanbiru-knm-tm-tan-chong-motor-samaiden-rgt