KUALA LUMPUR (Dec 30): Based on corporate announcements and news flow today, companies in focus tomorrow (Dec 31) may include: Sime Darby Plantation Bhd, Tompyak Holdings Bhd, Alliance Bank Malaysia Bhd, AME Elite Consortium Bhd, UEM Sunrise Bhd, Eco World Development Bhd, Uzma Bhd, G Capital Bhd, FGV Holdings Bhd, Stella Holdings Bhd, Willowglen MSC Bhd and K-One Technology Bhd.
The United States has banned imports of palm oil from Malaysian producer
Sime Darby Plantation Bhd over allegations of forced labour in the production process, according to the US Customs and Border Protection. The agency said it has issued a withhold release order , which will allow it to detain shipments based on suspicion of forced labour involvement under long-standing US laws aimed at combating human trafficking, child labour and other human rights abuses.
KUALA LUMPUR (Dec 30): Sime Darby Property (Nilai) Sdn Bhd has awarded to Stella Holdings Bhd s wholly owned subsidiary Mewah Kota Sdn Bhd a RM20.97 million contract involving water and electricity infrastructure work in Negeri Sembilan.
In a filing with Bursa Malaysia today, Stella said the project within the Nilai Impian 2 township in Seremban involves, among others, construction of an incoming water pipe and elevated water tank. The contract is for a period of 18 months and the date for completion shall be on July 6, 2022,” Stella said. The contract is not expected to contribute to the earnings of Stella Group for the financial year ending March 31, 2021. However, the contract is expected to contribute positively to the earnings of Stella Group for the future financial years, Stella said.