KUALA LUMPUR: THe trading stock of companies with recent announcements include EWI, REDtone, NPC, BAT, Hartalega
, Cloudpoint, Seal, Sanichi, Advancecon, Reneuco, Bina Puri and YTL Corp.
Eco World International Bhd plans to reduce its share capital by a further RM500 million to pay a targeted 21 sen per share in dividends or RM504 million in total payout over the next two years, after setting aside funds for working capital and funding requirements.
Redtone Digital Bhd bagged a RM398.1 million MyGovUC 3.0 contract from the Malaysian Administrative Modernisation and Management Planning Unit (Mampu) to provide unified communications solutions.
NPC Resources Bhd proposed to divest 7,505 acres (3,037 hectares) of oil palm land in the state, for RM165.11 million.
British American Tobacco (Malaysia) Bhd’s (BAT Malaysia) net profit declined 23.27% to RM47.36 million in the fourth quarter ended Dec 31, 2023, from RM61.72 million a year ago, attributed to significant investments in launching vapour products, resulting in higher operating expenses.
Hartalega Holdings Bhd recorded a second straight quarterly profit of RM22.38 million in the third quarter ended Dec 31, 2023, versus a net loss of RM31.91 million a year before, as lower raw material prices and cost savings from its operational rationalisation exercise.
Cloudpoint Technology Bhd is acquiring a 75% equity interest each in Unique Central Sdn Bhd (UCSB) and Uniqcen Sales & Services Sdn Bhd (USSSB) for a total of RM26.78 million cash.
Seal Incorporated Bhd is diversifying into solar project engineering, procurement, construction and commissioning (EPCC) by subscribing for ordinary and preference shares of MSR Green Energy Sdn Bhd (MSRGE) in a RM15 million deal which raises its stake in the solar EPCC outfit to 20%.
After more than five years in talks, Sanichi Technology Bhd has terminated its memorandum of understanding with Singapore-based FKS Holdings Pte Ltd to provide fresh produce such as seafood, wagyu beef, fruits and vegetables to international food and beverage industry players.
Advancecon Holdings Bhd’s wholly owned subsidiary Advancecon Infra Sdn Bhd has bagged a RM27.3 million contract from Mujur Minat Sdn Bhd to carry out site clearing and earthworks construction (stage 1) for the Gamuda Gardens Park mixed development project in Rawang, Selangor.
Bursa Malaysia has warned Reneuco Bhd that its shares will be suspended if it fails to submit its annual report for the financial year ended Sept 30, 2023, by Feb 8.
Bina Puri Holdings Bhd was hit with a winding-up petition by an indirect subsidiary of YTL Corp Bhd, YTL Cement Marketing Sdn Bhd, for an alleged unsettled amount of RM1.74 million.
