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Muar Ban Lee eyes Central, South America

Muar Ban Lee Group Bhd (MBL), the core business of which is to set up oilseed-crushing plants for plantation clients, is en route for a listing on the Main Market of Bursa Malaysia on Oct 28. The company aims to grow by further tapping its existing markets, such as Indonesia, Papua New Guinea (PNG) and Nigeria, and extending its operations into new markets such as Central and South America. MBL derives most of its revenue from Indonesia, PNG and Nigeria, which together account for 50% of the world’s production of palm kernel oil. “Currently, overseas operations contribute the bulk of MBL’s revenue, at 81.2% in FY2008 (ended Dec 31). The largest revenue source comes from Indonesia, at 42%, Malaysia (19%), PNG (16%) and Cameroon (9%),” says RHB Research in a recent report. It also notes that 32.5% of MBL’s revenue is in US dollars. MBL plans to expand its presence in these overseas market by utilising RM1.5 million of the RM13.65 million proceeds from its initial public offerin ....

Indonesia General , West Kalimantan , Kalimantan Barat , Papua New Guinea , Jakarta Raya , United States , Khoon Hai , Muar Ban Lee Group Bhd , Main Market , Bursa Malaysia , Central Kalimantan , South America , Datuk Seri Tan Khoon Hai ,

Jardine CCL makes third attempt to privatise Cycle & Carriage Bintang at higher price of RM2.70 per share

KUALA LUMPUR (July 14): Jardine Cycle & Carriage Ltd (Jardine CCL) is making a third attempt to privatise Cycle & Carriage Bintang Bhd (CCB) at a higher offer price of RM2.70 a share, compared with RM2.40 under its previous offer last year. ....

Kuala Lumpur , Bintang Bhd , Jardine Cycle Carriage Ltd , Investment Bank , Muar Ban Lee Group Bhd , Jardine Cycle , Carriage Ltd , Carriage Bintang Bhd , Bursa Malaysia ,

XOX's unit to acquire Theron for RM19.25mil

KUALA LUMPUR: XOX Bhd has proposed to acquire two ordinary shares in Theron Holdings Sdn Bhd, representing 100% of the total issued and paid-up share capital of Theron for RM19.25mil. ....

Kuala Lumpur , Hong Kong , Theron Holdings Sdn Bhd , Hong Kong Limited , Muar Ban Lee Group Bhd , Bursa Malaysia , Muar Ban Lee Group , Muar Ban Lee , Symphony Life , Corporate News ,