Serba Dinamik, Sam Engineering, Reach Energy, Lion Industries and Samaiden
KUALA LUMPUR (Jan 6): Based on corporate announcements and news flow on Thursday, companies that may be in focus on Friday include Serba Dinamik Holdings Bhd, Sam Engineering & Equipment (M) Bhd, Reach Energy Bhd, Lion Industries Bhd and Samaiden Group Bhd
Serba Dinamik Holdings Bhd has slipped into Practice Note 17 (PN17) status after its external auditor Nexia SSY PLT expressed a disclaimer of opinion on its audited financial statements for the 18-month period ended June 30, 2021. The oil and gas engineering company said it has 12 months to regularise its financial condition, failing which it will be delisted. Nexus noted that the group has triggered events of default for various contracts and obligations in respect of several contracts. The auditor also did not express an opinion on the group’s financial statements as the auditing process was impeded by time limitations and the occurrence of additional significant events that constrained the completion of its audit.
Sam Engineering & Equipment (M) Bhd has proposed a bonus issue of 406.05 million shares on the basis of three new shares for every share held.
Reach Energy Bhd said its unit Emir-Oil LLP which is located in Republic of Kazakhstan might be affected by the country’s recent state of emergency declaration. It said the cumulative effects might contribute to a shortfall and impact the company financially and operationally. However, it is unable to ascertain the full financial and operational impact at this juncture due to the uncertain situation in Kazakhstan.
Lion Industries Bhd has proposed to acquire a sub-divided leasehold agriculture land in Sepang for RM23 million or RM6.60 per sq ft in a related-party transaction. The group on Thursday entered into an agreement with Granprop Sdn Bhd and Premier Land Resources Sdn Bhd for the acquisition of the 80-acre (3.48 sq ft) land.
Premier Land had in December 2020 entered into an agreement to sell the 1,287 acres of land to Grandprop Sdn Bhd for RM27.88 million or RM8 per sq ft.
Samaiden Group Bhd, the renewable energy (RE) and environment solutions provider, has teamed up with a Sarawak-based firm to provide solutions for the RE market in East Malaysia. Samaiden said that under the three-year deal with Sinowaja (Malaysia) Sdn Bhd, the two parties will initially focus on projects related to solar photovoltaic, as well as smart or microgrid systems.
https://www.theedgemarkets.com/article/serba-dinamik-sam-engineering-reach-energy-lion-industries-and-samaiden
Singapore Investment
-
-
-
-
-
Portfolio Update3 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
Dubai vs. Singapore: Which City is Better?17 hours ago
-
-
Bitcoin Halving: Buy Now, Sell Later?17 hours ago
-
-
-
Today’s Deal of the day – Dobin App18 hours ago
-
-
-
-
-
-
-
-
-
-
Beware Of Scams1 day ago
-
-
-
-
Buying a home for face2 days ago
-
-
-
-
-
-
-
-
-
-
-
-
Finance Investment Movement 444 days ago
-
-
-
-
Going REITs Shopping Again5 days ago
-
-
Weekly Markets Outlook6 days ago
-
Market indeed coming down6 days ago
-
Cory Diary : Dividend Q1 '246 days ago
-
-
-
-
-
-
-
-
Banks and Miles Report – Mar 20241 week ago
-
-
Revisiting Bitcoin1 week ago
-
-
-
-
-
-
2024 (Portfolio Update)2 weeks ago
-
-
-
-
Retirement Journey Update for March 20242 weeks ago
-
-
-
1Q 2024 Investment Strategy Update2 weeks ago
-
-
Portfolio Summary for March 20242 weeks ago
-
Reasonable Dividend Yield 2024Q22 weeks ago
-
-
-
Portfolio (March 30, 2024)3 weeks ago
-
-
-
QAF #77 - 2023 Annual Report3 weeks ago
-
Lentor Hills Residences3 weeks ago
-
Burnt out!3 weeks ago
-
-
-
Feb 2024 Expenditure3 weeks ago
-
-
Starting Our Second Property Cycle4 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?4 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
-
-
-
-
-
-
-
-
-
-
-