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Investegate |Bion PLC Announcements | Bion PLC: Final Results and Publication of Annual Report

Summary of business stories from June 21 to 27

Corporate News Astro and Netflix have entered into a partnership that will see the streaming service brought on to Astro s platform. The content providers announced in a joint statement that Astro customers will soon be able to access Netflix on their connected Ultra Boxes, first at launch, and subsequently on Ulti Boxes. The partnership offers their Malaysian customers greater convenience by having Netflix with their Astro subscription, which will provide easy access for payment in a single bill at the best value. Oil services and engineering company Serba Dinamik Holdings Bhd is taking legal action against its external auditor KPMG PLT for alleged negligence, breach of contract and breach of statutory duty.

Serba Dinamik shares suspended today

SCIB has ambitious plan for 2021

(SCIB), which had recently become a billion ringgit market capitalisation company, is aiming to double its size in the next 12 months. The construction outfit, which is controlled by Datuk Mohd Karim Abdullah, (pic) is eyeing to take up bigger roles that include bidding for bigger infrastructure projects, embarking on mergers and acquisitions (M&As), as well as becoming project owners. Karim acknowledged that while the Covid-19 pandemic posed challenges to the construction sector, he is confident SCIB would be able to achieve 20% to 30% revenue and profit growth this year compared with 2020. This will be driven by its strong order book and new technology adoption that will improve its profit margins.

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