Tenaga Nasional Bhd (TNB) has received a copy of the letter from the Energy Commission (EC) relating to the Commission's conditional award to Tadmax Resources Bhd, to develop a 1,000MW combined-cycle gas-fired power plant in Pulau Indah, Selangor.
In a filing with Bursa Malaysia today, TNB said it will be evaluating the offer and its role in the project.
"TNB will make announcement accordingly, as and when there is material development on this matter," it added.
To recap, Tadmax had announced on Aug 3, the award by the EC for the new power plant, with TNB to be invited to participate in the project.
However, the following day (Aug 4), TNB said it had not been notified of the EC's decision to invite the group to participate in the project.
The number of passengers passing through the 39 airports in the country which Malaysia Airports Holdings Bhd (MAHB) manages, rose 8.5% to 7.82 million in July this year from 7.21 million a year ago, which the airport operator said it indicates existence of latent demand for air travel.
"The high passenger traffic registered in July 2016 was partly due to the Raya festive season and long holidays. A large number of airlines (also) registered a high double-digit growth for July 2016," said MAHB in a filing with Bursa Malaysia today.
Including Istanbul's Sabiha Gökçen International Airport (SGIA), MAHB handled 5.1% more passengers to 10.5 million in July 2016, from 9.99 million in July 2015.
This is the highest passenger volume handled by the system of airports for a month to-date, said the airport operator.
Ho Wah Genting Bhd and Korea-based SM Dutyfree Co Ltd have signed a memorandum of understanding (MoU) today to collaborate and evaluate the feasibility of opening duty free outlets in Malaysia.
Ho Wah said its subsidiary HWG Duty Free Sdn Bhd plans to establish duty free outlets in Malaysia, while SM Dutyfree is in the business of operating duty free outlets.
"The MoU is entered into to allow the parties to negotiate the terms of the collaboration and to evaluate the feasibility of the collaboration and the proposed business for the parties' best interest.
"SM Dutyfree is desirous to provide the business know-how, products and information technology system to HWG," it said.
Flexible packaging manufacturer Daibochi Plastic and Packaging Industry Bhd's net profit fell 15.5% to RM6.08 million or 2.23 sen per share for the second quarter ended June 30, 2016 (2QFY16), from RM7.19 million or 2.64 sen per share a year ago, on higher operating costs driven by the group's revised wage policy in January, less favourable product mix and higher production wastage.
Revenue, however, rose 8.2% to RM97.03 million, from RM89.67 million, driven by higher exports particularly to Asean and Australia.
Daibochi also declared a second interim dividend of 1.33 sen per share amounting to RM3.6 million for the financial year ending Dec 31, 2016 (FY16), payable on Sept 22. This brings total interim dividends for the year to 2.78 sen per share or RM7.6 million.
Property developer Yong Tai Bhd is despatching a circular to its shareholders today on its proposed corporate exercise to bring in Hong Kong-listed Sino Haijing Holdings Ltd as a new substantial shareholder.
In a statement today, Yong Tai chief executive officer Boo Kuang Loon said the company will seek shareholder's approval for the corporate exercise at its forthcoming extraordinary general meeting (EGM) on Sept 1.
Upon obtaining approval, Sino Haijing will seek the Securities Commission Malaysia's approval on the exemption to undertake a mandatory acquisition of all remaining Yong Tai shares.
Tin miner and metal producer Malaysia Smelting Corp Bhd (MSC) saw its net loss narrow to RM10.28 million or 10.3 sen per share in the second quarter ended June 30, 2016 (2QFY16), from RM14.91 million or 14.9 sen per share a year ago, on higher revenue, favourable valuation adjustment on tin inventory arising from a higher quarter closing tin price and a positive impact from foreign currency translations.
The net profit was however off-set by a higher share of losses from its associates and joint ventures.
Revenue for 2QFY16 grew 15% to RM396.28 million, from RM344.47 million in 2QFY15, due to higher tin prices and sales quantity.
For the cumulative six months (1HFY16), MSC swung back to a net profit of RM14.65 million or 14.7 sen per share, versus a net loss of RM17.8 million or 17.8 sen loss per share in 1HFY15. Revenue was up 10.8% at RM804.68 million, from RM726.11 million.
http://www.theedgemarkets.com/my/article/tnb-tadmax-mahb-ho-wah-genting-daibochi-yong-tai-and-msc
