KUCHING (May 5): Analysts are upbeat as Swift Haulage Bhd’s (Swift Haulage) wholly-owned subsidiary, Swift Integrated Logistics Sdn Bhd (SILS), had entered into a share sale agreement to purchase the entire equity interest in Standard Marine Agencies (Sarawak) Sdn Bhd (SMA).
The purchase consider
MIDF Research has reiterated its bullish stance on Swift Haulage Bhd, following the latter’s recent move to take full ownership of its 40%-owned BLG Swift Logistics Sdn Bhd.
Published on: Thursday, April 22, 2021
By: Bernama
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Kuala Lumpur: Tasco Bhd’s 70 per cent-owned unit, Tasco Yusen Gold Cold Sdn Bhd (TYGC), together with Swift Integrated Logistics Sdn Bhd (SILSB), have proposed to jointly acquire 100 per cent stake in Hypercold Logistics Sdn Bhd for RM21.10 million.
In a filing with Bursa Malaysia, Tasco said both TYGC and SILSB had entered into a conditional share sale agreement with Hypercold today for the proposed acquisition.
Under the agreement, the logistics solutions provider said TYGC and SILSB would each acquire 50 per cent stake in Hypercold for RM10.55 million respectively.
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On the rationale for the acquisition, Tasco said the company, through TYGC, had established itself as a prominent cold chain logistics provider in Peninsular Malaysia, however, it has no cold chain logistics presence in Sabah or Sarawak.
KUALA LUMPUR (April 21): Based on corporate announcements and newsflow today, companies in focus on Thursday (April 22), may be as follows: Malaysia Marine and Heavy Engineering Holdings Bhd, Tasco Bhd, Axis Real Estate Investment Trust, Luxchem Corp Bhd, Widad Group Bhd, BIMB Holdings Bhd, CIMB Group Holdings Bhd, Telekom Malaysia Bhd, Malayan Banking Bhd and Hong Leong Bank Bhd.
Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) disclosed today that the value for the engineering, procurement, construction, transportation and installation, and hook-up and commissioning services (EPCIC) contract secured from SapuraOMV Upstream (Sarawak) Inc is RM1 billion. The duration of the contract in the Jerun gas field, which lies in the SK408W block off the coast of Bintulu, is 40 months. The group had announced the contract awarded to its wholly-owned unit Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) last Thursday.