Handal Energy Bhd is proposing to diversify its business to include telecommunications (telecoms) network infrastructure solutions and marine sand segments.
KUALA LUMPUR, June 27 Handal Energy Bhd has proposed to diversify its principal activities into two new business segments to further expand its revenue stream and earnings.
Handal Energy Bhd's 49%-owned associate company Handal Borneo Resources Sdn Bhd has entered into an agreement with Tanjung Aru Eco Development Sdn Bhd (TAED), a unit of Chief Minister of Sabah Inc, for the operation, management, extraction and sale of marine sea sand for a 15-year period in three concession areas.
A 14-year high in the price of Brent crude hasn't rubbed off on Bursa Malaysia-listed oil and gas (O&G) counters even though oil prices hit US$130 (RM543.85) per barrel on Monday (March 7).
Based on corporate announcements and news flow today, companies in focus tomorrow may include: Kuala Lumpur Kepong Bhd, IJM Plantations Bhd, Malaysia Smelting Corp Bhd, Top Glove Corp Bhd, Eversendai Corp Bhd, MSM Malaysia Holdings Bhd, Greatech Technology Bhd, Tiong Nam Logistics Holdings Bhd, Central Global Bhd, Yinson Holdings Bhd, Kejuruteraan Asastera Bhd, MQ Technology Bhd, Handal Energy Bhd and Fitters Diversified Bhd.