MINETEC (7219) MINETECH RESOURCES BERHAD - Will BENEFIT FROM MRT 2 !!
MINETEC started as a drilling and blasting service in 1977 by the
founder, Mr. Michael K S Chin, has since developed into one of the
largest aggregate mining business in Malaysia. To date, Minetech
Resources Berhad (MRB) operates an expanding network of 9 quarries
around Malaysia and overseas. With over 30 years of industry experience,
MRB has also positioned itself to provide quality and specialised civil
engineering works including drill and blast services, earthworks, road
pavement projects and building construction.
Imagine with so many quarry and premix at Most important Selangor state, MRT projects, highway will for sure need those product in futures.
We all know that MRT2 projects will be awarding soon, and the Tunneling job worth a big value of RM 12 billions. souce: http://www.thestar.com.my/business/business-news/2016/02/11/bidding-starts-for-mrt-2/
*Apart
from having a more expensive tunnel, MRT 2, also known as the Sungai
Buloh-Serdang-Putrajaya line, will offer more main civil engineering and
construction packages from the first line.
Is this all really going to benefit MINETEC? Looking at MINETEC, they
are specialize in drilling, blasting, infrastructure works, rock
drilling ! What else company can do all this? Yes it's MINETEC.
According to many professional in construction field, before starting this tunneling projects, soil stabilizing job needed to be done and who can do? MINETEC again !!
According to many professional in construction field, before starting this tunneling projects, soil stabilizing job needed to be done and who can do? MINETEC again !!
I can't explain too much on how much MINETEC will indirectly benefit from those big projects, it's all on future outlook and own views.
Minetech evolved from a
drilling and blasting services company to an integrated provider of
quarrying services and facilities. Listed on the Second Board of Bursa
Malaysia Securities, Minetech has 13 subsidiaries.
Minetech operates nine
quarries in Malaysia. With an 8.16-million-tonne capacity, the company
is among the largest aggregates players in the country and boasts a 10
per cent market share in the production of construction materials.
Turnkey quarry operation
services - quarry face development, drilling and blasting, loading and
hauling, rock crushing and loading of finished aggregates - are only
some of Minetech's strengths. Minetech also offers specialised civil
engineering services and machinery rental. The company's cost-effective
offerings boost client productivity.
Blasting is a critical aspect
of quarrying operations. Minetech is the main contractor for rock
blasting at one of Malaysia's most successful gold mines, Selinsing.
Minetech is also renowned for
controlled blasting, which can detonate 140,000 tonnes in one go. The
company has worked on projects for the MRT in Malaysia, which runs
through urban areas. Through controlled blasting, Minetech ensures
surrounding structures remain unaffected.
Minetech plans to evolve into a multicore company by diversifying into mining and technology-driven construction.
MRT Corp awards RM2.74b contracts to Gadang, SunCon, TRC and Acre Works
KUALA LUMPUR (March 10): Mass Rapid
Transit Corp Sdn Bhd (MRT Corp) has awarded work packages worth a total
of RM2.74 billion to four companies for the MRT2 construction.
The companies are Trans Resources Corporation Sdn Bhd, Gadang Engineering (M) Sdn Bhd, Acre Works Sdn Bhd, Sunway Construction Sdn Bhd, MRT Corp said in a statement.
Gadang Engineering, a unit of Main Market-listed Gadang Holdings Bhd, bagged the highest value contract package worth RM952.09 million. This is for the construction of a viaduct guideway and other associated works from Serdang Raya to Universiti Putra Malaysia.
Trans Resources, meanwhile, has been given the responsibility of constructing a viaduct guideway and other associated works from Kampung Muhibbah to Serdang Raya worth RM858.18 million. Trans Resources is a unit of TRC Synergy Bhd, which is controlled by its founder Tan Sri Sufri Mohd Zin.
Acre Works received the third work package worth RM715.99 million, in which it is expected to complete a viaduct guideway and other associated works from Persiaran Alpinia to Persiaran APEC.
Acre Works’ executive chairman Datuk Idrose Mohamed was formerly the chief executive officer at the then Syarikat Prasarana Negara Bhd (now Prasarana Malaysia Bhd) and also Pos Malaysia Bhd.
As for Sunway Construction — part of Sunway Construction Group Bhd — it was awarded a RM212.3 million job to build elevated stations and other associated works at Damansara Damai, Sri Damansara West and Sri Damansara East.
This is in addition to Sunway Construction’s current job of building the elevated guideway from Sungai Buloh to Persiaran Dagang, Sri Damansara for the MRT2 line, and also building the elevated viaduct for from Section 17, Petaling Jaya to the Semantan Portal for the MRT1 line.
“I wish to welcome them back to the MRT project. Their experience working on the (MRT1) Line will be invaluable, as they have would have many lessons learnt. I believe this will enable them to give their best and perform well for the (MRT2) project,” MRT Corp chief executive officer Datuk Seri Shahril Mokhtar said in the statement.
Shahril added all four winning tenderers were selected on the basis of the best evaluated tender, where the tenders were evaluated on their technical, commercial, legal, financial and Industrial Collaboration Programme (ICP) evaluation.
MRT2, also known as the of the Sungai Buloh-Serdang-Putrajaya (SSP) Line, is 52.5km long and is expected to be fully operational by the second quarter of 2022, with average daily ridership of 529,000 passengers.
The companies are Trans Resources Corporation Sdn Bhd, Gadang Engineering (M) Sdn Bhd, Acre Works Sdn Bhd, Sunway Construction Sdn Bhd, MRT Corp said in a statement.
Gadang Engineering, a unit of Main Market-listed Gadang Holdings Bhd, bagged the highest value contract package worth RM952.09 million. This is for the construction of a viaduct guideway and other associated works from Serdang Raya to Universiti Putra Malaysia.
Trans Resources, meanwhile, has been given the responsibility of constructing a viaduct guideway and other associated works from Kampung Muhibbah to Serdang Raya worth RM858.18 million. Trans Resources is a unit of TRC Synergy Bhd, which is controlled by its founder Tan Sri Sufri Mohd Zin.
Acre Works received the third work package worth RM715.99 million, in which it is expected to complete a viaduct guideway and other associated works from Persiaran Alpinia to Persiaran APEC.
Acre Works’ executive chairman Datuk Idrose Mohamed was formerly the chief executive officer at the then Syarikat Prasarana Negara Bhd (now Prasarana Malaysia Bhd) and also Pos Malaysia Bhd.
As for Sunway Construction — part of Sunway Construction Group Bhd — it was awarded a RM212.3 million job to build elevated stations and other associated works at Damansara Damai, Sri Damansara West and Sri Damansara East.
This is in addition to Sunway Construction’s current job of building the elevated guideway from Sungai Buloh to Persiaran Dagang, Sri Damansara for the MRT2 line, and also building the elevated viaduct for from Section 17, Petaling Jaya to the Semantan Portal for the MRT1 line.
“I wish to welcome them back to the MRT project. Their experience working on the (MRT1) Line will be invaluable, as they have would have many lessons learnt. I believe this will enable them to give their best and perform well for the (MRT2) project,” MRT Corp chief executive officer Datuk Seri Shahril Mokhtar said in the statement.
Shahril added all four winning tenderers were selected on the basis of the best evaluated tender, where the tenders were evaluated on their technical, commercial, legal, financial and Industrial Collaboration Programme (ICP) evaluation.
MRT2, also known as the of the Sungai Buloh-Serdang-Putrajaya (SSP) Line, is 52.5km long and is expected to be fully operational by the second quarter of 2022, with average daily ridership of 529,000 passengers.
MINETEC (7219) will benefit from the MRT 2 project. That why share price sharp rise on friday !!
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MINETECH RESOURCES BERHAD ("MRB" OR THE "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MRB ("MRB SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED MRB SHARES ("PRIVATE PLACEMENT")
| MINETECH RESOURCES BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | MINETECH RESOURCES BERHAD ("MRB" OR THE "COMPANY")
PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MRB ("MRB SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED MRB SHARES ("PRIVATE PLACEMENT")
|
We refer to the announcements made on
26 April 2016, 27 April 2016, 18 May 2016, 1 July 2016, 14 July 2016 and
24 November 2016 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of MRB, TA Securities wishes to announce that the Board has on 9 March 2017 (“Price-fixing Date”) fixed the issue price for the 2nd placement tranche of 30,000,000 Placement Shares at RM0.15 each (“Issue Price”).
The Issue Price of RM0.15 is at a premium of approximately RM0.0462 or 44.51% to
the 5-day volume weighted average market price of the MRB Shares up to
and including 8 March 2017, being the last market day immediately
preceding the Price-fixing Date, of RM0.1038.
This announcement is dated 9 March 2017.
|
|
MINETEC (7219) weekly chart show a very strong BULLISH signal !! Since MINETEC break 11sen strong resistance with huge volume, it is forming a double bottom pattern "W" . From technical view, MINETEC will moving higher to 17sen in short term.
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MINETEC (7219) MINETECH RESOURCES BERHAD - Will BENEFIT FROM MRT 2 !!
http://klse.i3investor.com/blogs/Stockoftheday/118071.jsp
