2021-01-14 08:06:08 GMT2021-01-14 16:06:08(Beijing Time) Xinhua English
BANDAR SERI BEGAWAN, Jan. 14 (Xinhua) Hengyi Industries Sdn Bhd, a joint venture between China and Brunei, conducted an emergency response exercise at Pulau Muara Besar Industrial Park (PMB) to test the readiness and response plan of Hengyi as well as various related agencies.
According to a statement from Hengyi on Thursday, with the collaboration of the National Disaster Management Centre (NDMC), Hengyi organized the Tier 3 Emergency Response Tabletop Exercise on Wednesday, aiming to test the readiness and the response plan of Hengyi as well as various government, non-government, and private sector agencies in managing a major incident and evacuation in PMB to minimize risks and avoid casualties.
KUALA LUMPUR (Jan 13): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Jan 14) include: Eco World Development Group Bhd, UEM Sunrise Bhd, George Kent (Malaysia) Bhd, Chin Hin Group Property Bhd, WCT Holdings Bhd, Greatech Technology Bhd, HeiTech Padu Bhd, Aeon Credit Service (M) Bhd, Dayang Enterprise Holdings Bhd, Landmarks Bhd, Petronas Dagangan Bhd, Maxis Bhd, Genting Malaysia Bhd, AE Multi Holdings Bhd, PNE PCB Bhd and Wintoni Group Bhd.
Eco World Development Group Bhd (EcoWorld) said the property developer’s board has decided not to pursue the proposed merger with rival
UEM Sunrise Bhd following careful evaluation of the merger alongside EcoWorld’s own business plans and the current challenging environment with the re-implementation of the Movement Control Order (MCO). EcoWorld said that since the last announcement on Dec 30, 2020 regarding the proposed merger, the parties involved had been engaged in discussions with a view tow
KUALA LUMPUR (Jan 13): AE Multi Holdings Bhd has bagged another project to set up the production facility for PNE PCB Bhd, a new entrant to the rubber glove industry.
The company filed its press statement to Bursa Malaysia announcing that its unit AE Multi Industries Sdn Bhd has received a letter of award from PNE Glove Sdn Bhd a unit of PNE PCB Bhd to design, build and deliver on a turnkey basis a glove-manufacturing factory of up to 59,000 square feet within eight months.
The factory will have the capacity to house up to 10 glove-dipping lines for the sole-purpose of manufacturing medical grade nitrile gloves, said AE Multi.
In a filing with Bursa Malaysia, KAF Investment Bank Bhd (KAF), which is the adviser for the proposed acquisition, said on behalf of HLT that the purchase would be satisfied via the issuance of 90 million shares at an issue price of RM1 per share
PETALING JAYA: HLT Global Bhd is proposing to acquire the remaining 4.73 million shares or 45% stake in HL Rubber Industries Sdn Bhd (HLRI) for RM90mil.
In a filing with Bursa Malaysia, KAF Investment Bank Bhd (KAF), which is the adviser for the proposed acquisition, said on behalf of HLT that the purchase would be satisfied via the issuance of 90 million shares at an issue price of RM1 per share
KUALA LUMPUR: HLT Global Bhd has has proposed to acquire the remaining 45% stake in glove making unit HL Rubber Industries Sdn Bhd (HLRI) for RM90mil.
The company told Bursa Malaysia today that it will issue 90 million new shares at RM1 each to pay for the acquisition.
For the 10-month ended Oct 31, 2020, HLRI recorded an unaudited profit after tax of RM32.58mil the back of a revenue of RM125.32mil. The Group is expected to benefit from the Proposed Acquisition in the future from both financial and operational perspectives, it said.
As it is, HLRI is a 55% subsidiary of HLT Global.