long term...slowww

JHM CONSOLIDATION BERHAD ("JHM" OR "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The terms used herein shall have the same meaning as those defined in the announcement dated 6 April 2017, unless otherwise stated.

We refer to the announcements dated 6 April 2017, 12 April 2017 and 13 April 2017 in relation to the Proposals.

On behalf of the Board, Affin Hwang IB wishes to announce that Bursa Securities had, vide its letter dated 14 April 2017, approved the listing of and quotation for the following:

(i) 123,732,500 Bonus Shares to be issued pursuant to the Proposed Bonus Issue; and

(ii) up to 24,746,500 Placement Shares to be issued pursuant to the Proposed Private Placement.

The approval granted by Bursa Securities

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JHM CONSOLIDATION BERHAD ("JHM" OR "COMPANY")

(I) PROPOSED BONUS ISSUE; AND

(II) PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The terms used herein shall have the same meaning as those defined in the announcement dated 6 April 2017, unless otherwise stated.

We refer to the announcements dated 6 April 2017, 12 April 2017 and 13 April 2017 in relation to the Proposals.

On behalf of the Board, Affin Hwang IB wishes to announce that Bursa Securities had, vide its letter dated 14 April 2017, approved the listing of and quotation for the following:

(i) 123,732,500 Bonus Shares to be issued pursuant to the Proposed Bonus Issue; and

(ii) up to 24,746,500 Placement Shares to be issued pursuant to the Proposed Private Placement.

The approval granted by Bursa Securities

Najib speaks at a press conferece after chairing the Bumiputera Economic Action Council yesterday. The government has announced that 45 per cent of the LRT 3 contracts worth RM9 billion would be awarded to Bumiputera companies through the “carve out and compete” concept. — Bernama photo
KUALA LUMPUR: The government has announced that 45 per cent of the Light Rail Transit 3 (LRT 3) contracts worth RM9 billion would be awarded to Bumiputera companies through the ‘carve out and compete’ concept.

Prime Minister Datuk Seri Najib Tun Razak said the eligible companies had to compete among themselves based on merit.

“It (contracts) is not being randomly awarded and they (Bumiputera companies) must prove their ability and consideration will be given based on merit,” he said after chairing the Bumiputera Economic Action Council yesterday.

He also said the overall package had been carefully detailed, encompassing civil works and systems.

It includes bridges and buildings for parking involving nine packages, underground tunnels (one), car depot (two), bus depot (three), works systems, and supply of construction materials among others.

Najib said Bumiputera contractors from grades G2 to G7 under the CIDB had the opportunity to participate in the four key categories.

Of these four, 120 sub-contract packages for the overall civil works worth RM60 million would be awarded to Bumiputera contractors in grades G2-G4.

For contractors from grades G5-G6, he said they could bid for 64 packages estimated at RM240 million in the civil segment, while a number of key packages worth RM2.5 billion and including the construction of bridges and train stations has been awarded to those in grade G7.

According to the Prime Minister, system works and other construction projects worth RM1.25 billion would also be awarded.

“The ‘carve out and compete’ initiative has to date recorded encouraging success and is proof that it has helped enhance the participation of Bumiputera contractors in mega projects.

“The opportunities in the LRT 3 project is the result of cooperation between Prasarana Malaysia Bhd and MRCB-George Kent Sdn Bhd as the Project Delivery Partner, as well the Bumiputera Agenda Steering Unit (Teraju) and agencies under the Works Ministry,” he said. — Bernama