KUALA LUMPUR: Stocks which could see trading interest on Friday, March 18 include APFT Bhd which will list on the Main Market of Bursa Malaysia.
Other stocks which saw recent corporate developments are SIME DARBY BHD [], FABER GROUP BHD [], KARAMBUNAI CORP BHD [], PARKSON HOLDINGS BHD [] and CypARK RESOURCES BHD [].
Flight education and training academy APFT's15 million shares allocated for public subscription was oversubscribed by 12 times. The offer price was 50 sen each.
Emirates International Energy Services, which is involved in a dispute with Sime Darby Bhd in Abu Dhabi, has served the official suit papers and it seeking US$178.2 million in compensation.
Emirates International and Sime Darby Engineering had signed an exclusive agency agreement in September 2006 in the United Arab Emirates. Under the agency agreement, Emirates International was contracted to, amongst others, identify suitable projects for potential participation of Sime Darby Engineering.
Faber Group proposed to cancel 75 sen of the existing par value of its RM1 share in a move to reduce its accumulated losses.
Based on its paid-up share capital as at Dec 31, 2010 of RM363.0 million, it said the credit arising from the reduction of the par value would be about RM272.3 million.
Cambodia's China Central Asia Group (CCAG) is teaming up with Karambunai Corp in a beachfront mixed development project in Kamabunai, Sabah which would see CCAG pumping in RM310 million and the latter providing the land.
Karambunai Corp would provide 75 acres of land for the project valued RM270 million, which is ''the first phase of the Karambunai integrated resort city (KIRC) development.
S P Setia Bhd's net profit for the first quarter ended Jan 31, 2011 jumped 62% to 62.04 million from RM38.19 million a year ago, on the back of a 43% increase in revenue to RM518.88 million, due mainly from its property development activities in the Klang Valley, Johor Bahru and Penang.
S P Setia said its sales for the first quarter of FY2011 totalled RM737 million and were its highest ever sales recorded in a single quarter.
'As at Feb 28, 2011, the group's sales for the first four months of the financial year totalled RM953 million ' another new record and a 25% increase from the corresponding period last year. The group is therefore well on-target to achieve and deliver its FY2011 sales target of RM3 billion,' it said.
Parkson is teaming up with PT Tozy Bintang Sentosa (TBS) to expand its Parkson department stores in Indonesia. Parkson signed an exclusivity agreement with TBS Group for the proposed collaboration. The TBS Group operates six retail stores and it planned to add another two more stores.
Cypark plans to invest RM94.29 million to build a 10Mw renewable energy plant with grid connection, at the RE Park in Pajam. The project is expected to generate gross national income (GNI) of RM12.16 million each year for the next 21 years, totaling RM255.36 million.
Other stocks which saw recent corporate developments are SIME DARBY BHD [], FABER GROUP BHD [], KARAMBUNAI CORP BHD [], PARKSON HOLDINGS BHD [] and CypARK RESOURCES BHD [].
Flight education and training academy APFT's15 million shares allocated for public subscription was oversubscribed by 12 times. The offer price was 50 sen each.
Emirates International Energy Services, which is involved in a dispute with Sime Darby Bhd in Abu Dhabi, has served the official suit papers and it seeking US$178.2 million in compensation.
Emirates International and Sime Darby Engineering had signed an exclusive agency agreement in September 2006 in the United Arab Emirates. Under the agency agreement, Emirates International was contracted to, amongst others, identify suitable projects for potential participation of Sime Darby Engineering.
Faber Group proposed to cancel 75 sen of the existing par value of its RM1 share in a move to reduce its accumulated losses.
Based on its paid-up share capital as at Dec 31, 2010 of RM363.0 million, it said the credit arising from the reduction of the par value would be about RM272.3 million.
Cambodia's China Central Asia Group (CCAG) is teaming up with Karambunai Corp in a beachfront mixed development project in Kamabunai, Sabah which would see CCAG pumping in RM310 million and the latter providing the land.
Karambunai Corp would provide 75 acres of land for the project valued RM270 million, which is ''the first phase of the Karambunai integrated resort city (KIRC) development.
S P Setia Bhd's net profit for the first quarter ended Jan 31, 2011 jumped 62% to 62.04 million from RM38.19 million a year ago, on the back of a 43% increase in revenue to RM518.88 million, due mainly from its property development activities in the Klang Valley, Johor Bahru and Penang.
S P Setia said its sales for the first quarter of FY2011 totalled RM737 million and were its highest ever sales recorded in a single quarter.
'As at Feb 28, 2011, the group's sales for the first four months of the financial year totalled RM953 million ' another new record and a 25% increase from the corresponding period last year. The group is therefore well on-target to achieve and deliver its FY2011 sales target of RM3 billion,' it said.
Parkson is teaming up with PT Tozy Bintang Sentosa (TBS) to expand its Parkson department stores in Indonesia. Parkson signed an exclusivity agreement with TBS Group for the proposed collaboration. The TBS Group operates six retail stores and it planned to add another two more stores.
Cypark plans to invest RM94.29 million to build a 10Mw renewable energy plant with grid connection, at the RE Park in Pajam. The project is expected to generate gross national income (GNI) of RM12.16 million each year for the next 21 years, totaling RM255.36 million.
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