https://www.theedgemarkets.com/article/cpo-stocks-down-192-december-2020-—-mpob?type=corporate

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3114366

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3111146

ESOS 40,725,439units @ RM0.1026 @ 7 December 2020

If I buy Fintech-OR at open market and subscribe the mother shares, will I get the warrant C ?

Fitters still untapped fully the export market for PVC-O pipes...

Pfizer announced that its vaccine is 90% effective for Covid-19 treatment. But they still not confirmed on the safety of the vaccine and how long it can protect people.

Post removed.Why?

Vortex: To raise up to RM84m via a rights issue, private placement. Vortex Consolidated is planning to raise up to RM84.18m via a rights issue and private placement, mainly for repayment of borrowings and working capital. Interestingly, the cash call amount is slightly more than its current market capitalisation of RM83.98m. The proposed rights issue will involve the issuance of up to 370.84m rights shares on the basis of one right share for every one share held. (The Edge)

Based on 31 Mac 2020 Financial Statement, VC needs to repay their term loan (Property development cost) of RM62,203,569 which payable in December 2021 at the interest rate of 7.0%. At least they can save the financing cost approx RM4.35m.

Will I eligible for right shares if bought shares today?

KUALA LUMPUR (Feb 26): RHB Retail Research said Fitters Diversified Bhd may move higher after it continued holding above the 47 sen support.

In a trading stocks note today, the research house said given that it has formed a long white candle above the rising 21-day SMA line, this indicates a positive sign.

“A bullish bias may appear above the 49.5 sen level, with an exit set below the 47 sen threshold.

“Towards the upside, the near-term resistance is at 56 sen. This is followed by the 60 sen level,” it said.

http://www.theedgemarkets.com/article/fitters-diversified-may-move-higher-says-rhb-retail-research?type=malaysia

AirAsia X to fly to US by 1H17 and to accelerate resumption of European flights, says report

By Billy Toh | 2016-12-16 11:07:04

KUALA LUMPUR (Dec 16): Air Asia Bhd's low-cost long-haul arm, Air Asia X Bhd, will begin flying to Hawaii in the first half of next year and also speed up the resumption of European flights.

The Wall Street Journal (WSJ) quoting an airline spokesman reported that the group had initially targeted an earlier start date to link Kuala Lumpur with Honolulu, via a refuelling stop in Osaka, Japan, but had to push back the start date as it awaits approval from the US Federal Aviation Administration.

WSJ's report said AirAsia X also shared its plans to resume flights to Europe once it takes delivery of the new Airbus Group SE A330neo planes in 2018, and said it plans to fly its new Airbus.

Currently, Airbus is still developing the A330neo, an upgraded model of the A330 with more efficient engines made by Rolls-Royce Holdings Plc.

However, the group intends to commence Europe routes earlier by renting Boeing Co 777 long-haul planes to jump-start European service.

The decision has yet to be finalised, WSJ quoted the spokesman as saying.

["http:\/\/theedgemarkets.com\/my\/article\/airasia-x-fly-us-1h17-accelerate-resumption-european-flights-says-report?type=corporate"]

The Board of Directors of Wah Seong Corporation Berhad (“WSC”) is pleased to announce that further to its announcements as follows:-

an announcement made on 9 July 2016 in relation to the tender awarded by Nord Stream 2 AG to its pipe coating business unit, Wasco Coatings Europe B.V. (“WCEu”), an indirect wholly-owned subsidiary of WSC incorporated in The Netherlands for the provision of concrete weight coating and storing of pipes for Nord Stream 2 Project; and
an announcement made on 11 August 2016 in relation to a Letter of Intent signed by WCEu and Nord Stream 2 AG to commence mobilization of works for Nord Stream 2 Project pending the finalization of a formal contract to be signed by WCEu and Nord Stream 2 AG,
WCEu has signed the contract with Nord Stream 2 AG (“Contract”) on 6 September 2016 and the contract is valued at approximately EURO 600 million (equivalent to RM2.726 billion based on the exchange rate of EURO 1.00 to RM4.5442).

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5199781

Air Asia X Berhad introducing the Air Asia Premium Red Lounge @ LCCT KL / KLIA 2 starting today...

Total TECHNICS OIL & GAS LIMITED as at 31.03.16 - 228,717,675unit, Investment in securities by SENDAI as at 31.03.16 i.e 68,317,969unit (29.87%) : Investment values translated in Quarterly report as at 31.3.16 i.e RM38,041,000.00 @ RM0.57 or SGD0.19. NAV Technics as at 31.3.16 is SGD0.2399. @ RM0.72. Will there any further impairments LOSS for this investment SINCE Technics shares trading suspended?

The Board of Directors of Fajarbaru Builder Group Bhd ("FBG" or "the Company") wishes to announce that the Company had on 26 May 2016 entered into a Sale and Purchase of Shares Agreement (“SPSA”) to acquire 20,000 ordinary shares of RM1.00 each (“Shares”) in Akokaya Sdn. Bhd. (Company No. 657511-P) (“AKSB”) representing 20% of the total issued and paid up capital in AKSB from the unrelated party, Dato’ Sri Lim Ah Chap (“Seller”) for a total cash consideration of RM20,000.00 (Ringgit Malaysia Twenty Thousand only) (“the said Consideration”) (“the said Acquisition”).

Please refer to the attachment for further details of announcement.

This announcement is dated 26 May 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5105697

On behalf of the Board of Directors of MRCB (“Board”), RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that MRCB Builders, a wholly-owned subsidiary of MRCB, had on 26 May 2016, entered into a project delivery partner agreement with KLSB whereby KLSB has appointed MRCB Builders as a PDP in connection with the construction and completion of common infrastructure for the Majlis Bandaraya Petaling Jaya area at the proposed Kwasa Damansara Township located on a piece of land (formerly known as Rubber Research Institute Malaysia land) in Sungai Buloh measuring approximately 2,330.42 acres, for a provisional fee of RM112.28 million (excluding 6% goods and services tax and reimbursable costs as set out in Note 2 of Section 2.2 of this Announcement) (“Proposed PDP Contract”).

Further details of the Proposed PDP Contract are set out in the attachment below.

This Announcement is dated 26 May 2016.

The Company had on 26 May 2016 requested for the suspension of trading of its securities for one (1) market day, that is, from 9.00 a.m. on 26 May 2016 to 5.00 p.m. on 26 May 2016 pending a material announcement of a related party transaction where the percentage ratio calculated in accordance with Chapter 10 of the Main Market Listing Requirements exceeds 5%, thereby requiring shareholders’ approval.

The request for suspension is made under Paragraph 3.1(b) of Practice Note 2 of the Listing Requirements on Requests for Suspension.

Bursa Securities had on 26 May 2016 approved its request for the suspension in trading of its securities from 9.00 a.m. on 26 May 2016 to 5.00 p.m. on 26 May 2016.

This announcement is dated 26 May 2016.

http://www.nst.com.my/news/2016/05/145595/airasia-x-fly-direct-tehran-kl-and-bangkok?m=1

http://www.thestar.com.my/business/business-news/2016/05/13/asian-markets-slide-as-klci-falls-nearly-24-pts/

http://www.thestar.com.my/business/business-news/2016/05/13/asian-markets-slide-as-klci-falls-nearly-24-pts/

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5090753

http://www.nst.com.my/news/2016/04/141957/airasia-x-increases-flight-frequencies-eight-destinations?m=1

http://www.theedgemarkets.com/my/article/jcy-group-establishes-principal-hub-johor

S-Con Thailand, how much will it contribute to sendai's Q1 earning? any idea?

http://www.theedgemarkets.com/my/article/mrcb-build-rm568m-processing-and-distribution-centre-giant

KUALA LUMPUR (April 5): Malaysian Resources Corp Bhd (MRCB) will build a RM56.8 million cold storage processing and distribution centre in Kajang, Selangor, for the Giant retailer chain.
MRCB's wholly-owned subsidiary MRCB Builders Sdn Bhd today signed a contract with GRC Retail (M) Sdn Bhd, through Jupiter Lagoon Sdn Bhd, a wholly-owned subsidiary of Hong Kong-based Dairy Farm International Holdings Ltd and an associate of GCH Retail.
GCH Retail operates the Giant chain of hypermarkets and supermarkets in Malaysia.
The 140,000 sq ft processing and distribution centre will be built on a five-acre site in Kajang. The distribution centre will be built on a 12-month fast track basis and is expected to be completed in August next year.
Speaking to reporters after the signing ceremony, GCH Retail regional director for Malaysia and Brunei Datuk Tim Ashdown said it is an important development for the group as it currently has a small fresh food facility measuring 40,000 sq ft in the country.
"This will allow us to control the supply chain much more actively," he said, adding that the new facility will further bring down the cost of logistics and deliver lower prices to its customers.
Ashdown also said the group plans to open five new Giant stores this year.
Over the years, MRCB has constructed 12 Giant outlets in Malaysia, valued at over RM500 million. A RM52 million outlet in Setapak here is set to be delivered this month.
MRCB shares closed unchanged at RM1.23 in the morning session with 259,300 shares traded, for a market capitalisation of RM2.2 billion.

http://www.theguardian.com/global-development/2016/mar/31/migrant-workers-suffer-appalling-treatment-in-qatar-world-cup-stadiums-says-amnesty

Eversendai said it had stopped dealing with the two labour supply companies, had no intention of working with them in future, and would engage direct labour “wherever possible”. It said it was now in full compliance with welfare standards.

Unit KNM Hantar 3 Tiang Besar Kepada Rapid
KUALA LUMPUR, 28 Mac (Bernama) -- KNM Process Systems Sdn Bhd, anak syarikat milik penuh KNM Group Bhd, menghantar tiga tiang besar untuk dipasang di Kompleks Steam Kraker Pembangunan Bersepadu Penapis dan Petrokimia (RAPID) di Pengerang.

KNM dalam satu kenyataan hari ini berkata tiang besar itu juga merupakan kargo pertama tiba di Kemudahan Pemunggahan Bahan (MOLF) RAPID yang dibina oleh Petronas bagi pemunggahan kargo berat semasa tempoh pembinaan.

"Tiang besar ini, yang pertama seumpamanya tiba di tapak projek RAPID, juga menandakan bahawa projek itu kini beralih kepada fasa pembinaan tapak dan pembinaan peralatan," kata syarikat itu.

KNM berkata tiang itu, dengan diameter antara 4.5 meter hingga 5.5 meter, dengan kepanjangan 50 meter hingga 76 meter dan berat 110 tan hingga 212 tan, dipasang di kemudahan pasang siap syarikat itu di Taman Perindustrian Bukit Rambai, Melaka.

Kemudahan pasang siap lain syarikat itu di Malaysia juga ketika ini sedang memasang siap sejumlah besar peralatan proses utama bagi projek RAPID dengan jangkaan penghantaran pertama dalam tempoh 12 bulan akan datang.

"KNM juga dipertanggungjawabkan untuk mengeluar sejumlah 259 unit tiang, menara, reaktor dan vesel tekanan, 20 unit tangki simpanan dan 140 penukar haba dan pendingin udara bagi projek RAPID di beberapa kemudahan syarikat di Malaysia dan Itali," kata syarikat itu.

Projek RAPID yang terdiri daripada tapak bersepadu bertaraf dunia itu dijangka mengubah selatan Johor menjadi hab petrokimia baharu yang penting.

-- BERNAMA

Seasoned banker’s exit from ECM Libra raises speculation about his future plans

AMMB Holdings Bhd founder Tan Sri Azman Hashim could net some RM27.45mil if and when the deal to sell his indirect stake in ECM Libra Financial Group goes through.

The deal, which was announced in February is puzzling observers as the price the seasoned banker has agreed to works out to 37 sen per share, making it a relatively low price compared to ECM Libra’s current net tangible assets of RM1.48 per share.

A question that has been asked by many is why would an experienced banker sell on the cheap.

Notably, ECM Libra’s cash position itself , not taking into account any of its other assets, is already at 36 sen per share, close to what Azman has agreed to exit at.

ECM Libra sold its investment banking unit to K&N Kenanga Holdings Bhd for RM875mil via a combination of cash, shares and loan stocks back in 2012.

The group which now does fund management and corporate advisory has cash and short-term funds amounting to RM105.38mil and has no borrowings and debt securities as at Oct 31, 2015.

Based on ECM Libra’s annual report, it also has properties, plant and equipment worth RM24.5mil with no valuation on these done in recent times.

One speculated reason for the relatively cheap exit from ECM Libra is that Azman may be building up his war chest to prepare for any fund raising exercise in AMMB, if it happens.

http://www.thestar.com.my/business/business-news/2016/03/26/is-azman-building-his-war-chest/

Plato Capital acquires Malaysian firms

Plato Capital has acquired a wholly-owned subsidiary known as Truesource Sdn Bhd (TSSB) in Malaysia with an issued and paid-up capital of RM2.00 (equivalent to S$0.67(1)) comprising two ordinary shares for a cash consideration of RM2.00, funded by internal resources

TSSB was incorporated on 18 February 2016, with its principal business activity being investment holding.

The acquisition of TSSB is not expected to have any material impact on the Group’s earnings per share and/or net tangible assets per share for the financial year ending 31 December 2016.

According to a filing, TSSB had entered into a conditional share sale agreement with



four independent third parties to acquire 74,194,973 ordinary shares of RM0.12 each or 25.89 per cent of the total issued and paid-up capital of ECM Libra Financial Group Berhad (ECMLIB),



a Malaysia-incorporated firm listed on the Main Board of Bursa Malaysia Securities Berhad. This makes ECMLIB an associated company of Plato Capital.

The principal business of ECMLIB is in financial services with core business segments including fund management and investment holding, with Lim Kian Onn, a director and controlling shareholder of Plato Capital also serving as a director and substantial shareholder of ECMLIB.

Together with his wife, Lim holds 24.367 per cent of the share capital of ECMLIB.

The aggregate purchase consideration was RM27,452,140.00 (S$9,169,014.76) payable by cash at completion, with the consideration of RM0.37 per subject share at a 12.1 per cent premium to ECMLIB’s traded price of RM0.33 as at 23 February 2016.

Plato Capital explained that the transaction represented an opportunity to purchase a stake in a business with significant complementary investments in the education and precision engineering sectors, while ECMLIB’s fund management license offers significant synergies and strategic relevance.

The Board of Directors of ECM Libra Financial Group Berhad (“ECM Libra”) wish to announce that the Board has received a Notification of Potential Mandatory General Offer from Mr Lim Kian Onn. The Board was informed that a conditional Share Sale Agreement (“Agreement”) has been executed on 23-2-2016 between Amcorp Group Berhad, Hikkaya Jaya Sdn Bhd, Arab-Malaysian (CSL) Sdn Bhd and Equity Vision Sdn Bhd as vendors (“Vendors”) and Truesource Sdn Bhd as purchaser (“Purchaser”) with respect to 74,194,973 ordinary shares in ECM Libra (“Sale Shares”). The Purchaser is a subsidiary of Plato Capital Limited.

Mr Lim Kian Onn is a director and substantial shareholder of both ECM Libra and Plato Capital Limited.

The Board was informed that under the Agreement, there are conditions precedent which are required to be satisfied in order for the Purchaser to complete the sale and purchase of the Sale Shares. Pursuant to the Malaysian Code on Take-Overs and Mergers, 2010, the Purchaser and/or parties acting in concert will be obliged to undertake a mandatory general offer (“MGO”) to acquire all the remaining shares in ECM Libra not already owned by the Purchaser and parties acting in concert when the Agreement becomes unconditional. Mr Lim Kian Onn has informed that upon the Agreement becoming unconditional, he will undertake the MGO in accordance with the provisions of the Malaysian Code on Take-Overs and Mergers, 2010.

This announcement is dated 24 February 2016.

Look @ trading volume ^_^

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4927001

PRESS RELEASE -EVERSENDAI WINS RM316 MILLION IN NEW CONTRACTS

http://www.gdnonline.com/Details/35769

The contractors in the Gulf region must adopt the latest construction software to ensure the swift delivery of nearly $3 trillion worth of construction projects, said industry experts ahead of The Big 5 Show in Dubai, UAE.

The largest construction event in the Middle East region, Big 5 kicks off tomorrow (November 23) and will run for the next two days offering ample opportunity for the networking of industry's decision-makers and professionals.

Counting both ongoing and planned construction projects, the GCC’s construction pipeline totals $2.8 trillion, especially in mixed-use mega-developments, airports and seaports, and transportation infrastructure, according to the recent report “GCC Powers of Construction 2015” by Deloitte.

In anticipation of this growth, architects, engineers, contractors, and real estate companies are posting strong demand for Building Information Modeling (BIM) software to create 3D constructable models that can enhance collaboration, visibility, and efficiency across the design, build, and operate stages of projects, the experts stated.

Demonstrating the growing Middle East demand for BIM, Dubai Municipality recently expanded the mandate for using BIM for a wider range of projects, including all government buildings, and smaller projects that are at least 20 stories tall.

"The Middle East is seeing nationwide transformation in construction innovation, with projects for mega-events such as World Expo 2020 in Dubai and 2022 Fifa World Cup Qatar stretching design boundaries. Advancing government BIM mandates further demonstrate the Middle East’s desire to be on par with global innovators in the construction field,” remarked Paul Wallett, the area business director for Tekla Middle East.

One of the best examples of how BIM can deliver complex designs is the Sheikh Khalifa Bin Zayed Al Nahyan Masjed, which will be one of the UAE’s largest mosques by 2016, holding up to 20,000 worshippers.

The majestic 86-m diameter dome, which will be the UAE’s largest in a mosque, features an exterior steel Arabic calligraphy design, installed by engineering firm Eversendai.

"Building information models used on the Sheikh Khalifa Bin Zayed Al Nahyan Masjed, allowed us to accurately model complex rib trusses and tension ring trusses, simplify complex design, and resolve clashes with HVAC ( heating, ventilation and air-conditioning) sector," remarked Sreenivasa Rao Vipparla, the head of design and engineering, Eversendai Engineering.

"We are committed to supporting further BIM construction innovation in the UAE and region. Thanks to Tekla software, we were able to win marquee projects using the innovation angle," he added.

Among the most innovative BIM projects in the region are the Abu Dhabi Midfield Terminal Building in the UAE; the Qatar Faculty of Islamic Studies and Lusail Multipurpose Sports Hall in Doha; and the King Abdullah Financial District in Saudi Arabia.

On a global level, Tekla’s parent company Trimble recently acquired the Norwegian firm Vianova, which provides BIM software for infrastructure design.

"Further integrating with Trimble in 2016 will help bring us closer to our customers in the Middle East," remarked Wallett.

"From BIM to holographic technology to real estate management software, we will deliver best practices in technology to help the Middle East’s architecture, engineering, and construction firms deliver on innovation agendas," he added.

At The Big 5, the company is showcasing its BIM software - Tekla Structures 21 and Tekla Structural Designer, along with BIMsight, an open BIM viewer, and Tekla Field 3D for viewing BIM models on smartphones and tablets.-TradeArabia News Service

http://www.prnewswire.com/news-releases/piramal-realty-launches-vivaan-one-of-the-most-premium-towers-of-piramal-vaikunth-exclusively-for-dubai-551622981.html

Piramal Realty's board includes Deepak Parekh (Chairman of HDFC), Nitin Nohria (Dean of Harvard Business School), Robert Booth (former CEO of EMAAR Properties Dubai) and Subbu Narayanswamy (Director of McKinsey & Co. and head of the real estate/infrastructure practice in Asia). The company collaborates with the world's leading architectural practices, including HOK, KPF, and Make and partners with world-class contractors, such as L&T and Eversendai.