Business

Friday September 4, 2009

New in brief


PETALING JAYA: Bina Puri Holdings Bhd has secured a construction contract worth RM36.76mil from Sunsea Development Sdn Bhd.

The company said in a filing with Bursa Malaysia that the project, in Kota Kinabalu, was expected to be completed in nine months.

The contract involves earthworks, piling works and building a basement retaining wall.

It said with the award, the company’s current order book stood at RM2.32bil with RM1.15bil secured year to date.

PETALING JAYA: KUB Malaysia Bhd’s wholly-owned subsidiary, KUB Telekomunikasi Sdn Bhd, has accepted a contract from Telekom Malaysia Bhd (TM) for the supply and delivery of a residential gateway with a value of RM23.15mil.

In a filing with Bursa Malaysia, the company said the contract tenure was for two years and it would contribute positively to the group’s earnings for the financial year ending Dec 31, 2009.

PETALING JAYA: ACE Market-listed TechnoDex Bhd will distribute its online game “Lian Yu” to Taiwan, Macau and Hong Kong via Taiwanese online games developer Unalis Corp.

TechnoDex chief executive officer Nigel Lee said in a statement that this would mark the company’s maiden foray “into markets beyond our traditional market.”

He said Unalis would pay OYou8 Digital Interactive Co Ltd, a company in which TechnoDex has a 33% stake, 1.7 million yuan in royalties as well as a percentage-based royalty payment based on airtime sales of the game.

PETALING JAYA: Malaysia Smelting Corp Bhd (MSC) has clarified that it is proposing to divest a 22.1% stake in Australia’s Beaconsfield Gold NL as part of efforts to focus on cost rationalisation and reduction as well as working on various alternatives to reduce overall gearing.

It said in a filing with Bursa Malaysia that this included possible divestments of the company’s non-tin assets.

The company said other non-tin assets it was planning to divest included a 30% stake in the Philippines-based Rapu Rapu Polymetallic project it acquired on April 17, it said.

PETALING JAYA: Oil and gas process equipment manufacturer KNM Group Bhd has bought six million of its own shares from Aug 24 to Sept 1.

According to a filing with Bursa Malaysia, the company bought the shares for RM4.60mil or between 75.5 sen and 78 sen per share.


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