Bursa highlights for Thursday, Oct 13
* R and A Telecommunication Group Bhd, which is sitting tight for the result of its speak to Bursa Malaysia Securities against a de-posting, is looking at the obtaining of a development firm as a component of its regularization arrange.
The media transmission industry player marked on Thursday an update of comprehension with Datuk Lau Beng Wei, Lau Beng Sin, Lee Wah Lian and Lee Teck Wee for the proposed buy of the whole paid-up capital of common and building contractual worker Synergy Goldtree Sdn Bhd.
As per R and A, Synergy Goldtree had secured development contracts with an aggregate estimation of about RM839mil as at July 31, of which RM784mil was yet to be charged.
R and A said the last whole would to be resolved after the legitimate and money related due ingenuity completed on the objective organization. The entirety will be settled altogether with the new customary shares to be issued by R and A.
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* general society parcel of BCM Alliance Bhd's first sale of stock (IPO) got an oversubscription rate of 49.943 times, esteemed at RM212.94mil.
This is the most noteworthy membership rate for the general population class of an IPO so far this year.
The organization, which is included in the business clothing hardware and restorative gadgets ventures, said an aggregate of 11,094 applications for RM1.12bil in new shares were gotten for the 22 million new shares that were made accessible.
The speculative posting date is Oct 24.
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* Datuk Dickson Tan Yong Loong, 35, has resigned as executive of Berjaya Land Bhd. The determination to re-choose him at the AGM on Thursday was pulled back as he didn't look for a re-race.
Dickson is the child of Tan Sri Danny Tan Chee Sing, the sibling of Tan Sri Vincent Tan who is the greater part shareholder with right around 80% stake (immediate and roundabout).
* Tenaga Nasional Bhd's unit TNB Global Ventures Capital Bhd has issued US$750mil (RM3.16bil) sukuk under its US$2.5bil multicurrency sukuk issuance program.
The US dollar named sukuk, due 2026, were issued at standard with a benefit rate of 3.244% for every annum.
* Boustead Heavy Industries Corp Bhd's (BHIC) backup has secured a RM62.58mil government contract to give upkeep and bolster administrations to three Dauphin AS365N3 helicopters.
BHIC said BHIC Aeroservices Sdn Bhd would give upkeep and coordinations bolster administrations for these helicopters which have a place with the Malaysian Maritime Enforcement Agency.
The 33-month contract produced results on Oct 1.
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* Sealink International Bhd has settled a four-year debate with Boustead Heavy Industries Corp Bhd's unit Boustead Penang Shipyard Sdn Bhd (BPS) over a shipbuilding contract and is tolerating an installment of US$1.5mil (RM6.32mil).
The seaward marine bolster vessel proprietor and administrator, which was initially looking for US$4.93mil (RM20.8mil), told Bursa Malaysia that BPS proposed and it had acknowledged the settlement total as full and last settlement of all cases and counterclaims emerging out of the shipbuilding contract they marked on April 3, 2008.
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* Nexgram Holdings Bhd's roundabout 70%-claimed backup Blue Hill Development Sdn Bhd has been welcomed by Suara Hati Sdn Bhd and Good View Construction Sdn Bhd to take an interest with them on a 1Malaysia People's Housing Scheme (PR1MA) in Gombak, Selangor, and a 1Malaysia Civil Servants Housing (PPA1M) Bukit Katil, Malacca, individually.
The PR1MA joint-wander extend known as Gombak PR1MA Valley would include building 1,138 units of lodging and 20 retail units on 49.43 sections of land in Gombak, Selangor.
Blue Hill Development would be the fundamental sub-contractual worker for the other venture at a concurred charge to be resolved later on securing the agreement work known as Proposed PPA1M Bukit Katil, which involves the development of 462 loft units.
Nexgram noticed that there was no conviction that Blue Hill Development and/or its accomplices would be granted the two ventures.
* Damansara Realty Bhd (DBhd) has asked for the exchanging of its shares to be suspended from 9am on Friday (Oct 14) pending a declaration.
Among the development and property administrations organization's late declarations is on its unit Damansara Realty (Johor) Sdn Bhd going into an update of comprehension with Country Garden Real Estate Sdn Bhd to mutually build up a parcel of land in Johor Baru measuring around 52 sections of land.
* UOA Development Bhd has sold its 70% stake in the administrator of Dao Xiang Chinese Restaurant in Nexus, Bangsar South, for RM300,000.
"After near two years in operation, the organization concluded that it is not doable to keep working the business as the foreseen comes back from this venture don't meet the gathering's desire," it told Bursa Malaysia.
UOA had purchased Solid Chef Sdn Bhd, which runs the eatery, in March a year ago for RM2. Consequently, it consented to a shareholders' arrangement whereby a 30%c stake was taken by Liu Chunyan, a China national who was locked in to deal with the eatery's nourishment and drinks operations.
The 70% stake less one share held by UOA's unit UOA Hospitality Sdn Bhd is arranged to Liu while the rest of the share is sold to Malaysian national Wong Wah Sung.
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