KUALA LUMPUR (July 17): Based on corporate announcements and news flow today, stocks in focus on Monday (July 20) may include: PDZ Holdings Bhd, Sanichi Technology Bhd, FGV Holdings Bhd (FGV), Daya Materials Bhd, LKL International Bhd, Perdana Petroleum Bhd, Naim Holdings Bhd, Boustead Holdings Bhd and Willowglen MSC Bhd.
Shipping firm PDZ Holdings Bhd and precision mould maker Sanichi Technology Bhd will jointly design, develop and manage a regional e-commerce logistics hub on 94.7 hectares of land in Desaru, Johor. The duo said they had concluded a collaboration agreement that would lead to the formation of a special purpose vehicle to carry out the project, which will facilitate bulk-breaking, packaging and distribution throughout the Southeast Asian region.
FGV Holdings Bhd (FGV) is set to grow its logistics sector’s revenue with a newly added fleet. The additional assets, comprising road tankers, curtainsider trailers and dumper trucks, would boost the company’s logistics arm under FGV Transport Sdn Bhd.
Daya Materials Bhd, a Practice Note 17 (PN17) company, has obtained 75% approval in principle from its creditors for its proposed debt restructuring scheme. This was confirmed at a meeting chaired by the Corporate Debt Restructuring Committee, the oil and gas service provider said in a filing with Bursa Malaysia today.
Medical accessories manufacturer LKL International Bhd plans to raise up to RM45.45 million via a private placement to fund its capital expenditure (capex) and expansion. In a bourse filing, the group announced that it would be placing out up to 85.76 million shares or 20% of its share capital to third party investors to be identified.
Perdana Petroleum Bhd has secured a vessel chartering contract from its major shareholder Dayang Enterprise Holdings Bhd, worth an estimated RM6.5 million. Under the contract, it will be chartering an accommodation workbarge (AWB) and an anchor handling tug vessel for Dayang.
Naim Holdings Bhd's wholly-owned unit Petrochemical Hub Sdn Bhd is selling two parcels of vacant land measuring some 405.6ha in Bintulu, Sarawak to the Sarawak Economic Development Corp for RM340 million to enable the seller to unlock the value of the assets and propose a dividend to shareholders. The lands, which have a 99-year tenure each expiring in November 2112, are located at the Kidurong Industrial area off Jalan Sabekas at Tanjong Kidurong, Bintulu.
Boustead Holdings Bhd has unveiled its transformation plan to drive the group forward for the next three years as part of its strategy to strengthen prospects and unlock value. Premised upon the three pillars of Evolve, Efficiency and Excellence, the firm said this will set a course for the transformation of the group into a high-performing and sustainable organisation.
Willowglen MSC Bhd's unit has been awarded a contract worth about RM16.28 million by Sapura Rail Systems Sdn Bhd to provide supervisory control and data acquisition. The contract was awarded to its wholly-owned Willowglen (Malaysia) Sdn Bhd. The job involves the design, manufacture, supply, delivery, installation, testing and commissioning of the system solution.
https://www.theedgemarkets.com/article/pdz-sanichi-fgv-daya-materials-lkl-perdana-petroleum-naim-boustead-and-willowglen
Shipping firm PDZ Holdings Bhd and precision mould maker Sanichi Technology Bhd will jointly design, develop and manage a regional e-commerce logistics hub on 94.7 hectares of land in Desaru, Johor. The duo said they had concluded a collaboration agreement that would lead to the formation of a special purpose vehicle to carry out the project, which will facilitate bulk-breaking, packaging and distribution throughout the Southeast Asian region.
FGV Holdings Bhd (FGV) is set to grow its logistics sector’s revenue with a newly added fleet. The additional assets, comprising road tankers, curtainsider trailers and dumper trucks, would boost the company’s logistics arm under FGV Transport Sdn Bhd.
Daya Materials Bhd, a Practice Note 17 (PN17) company, has obtained 75% approval in principle from its creditors for its proposed debt restructuring scheme. This was confirmed at a meeting chaired by the Corporate Debt Restructuring Committee, the oil and gas service provider said in a filing with Bursa Malaysia today.
Medical accessories manufacturer LKL International Bhd plans to raise up to RM45.45 million via a private placement to fund its capital expenditure (capex) and expansion. In a bourse filing, the group announced that it would be placing out up to 85.76 million shares or 20% of its share capital to third party investors to be identified.
Perdana Petroleum Bhd has secured a vessel chartering contract from its major shareholder Dayang Enterprise Holdings Bhd, worth an estimated RM6.5 million. Under the contract, it will be chartering an accommodation workbarge (AWB) and an anchor handling tug vessel for Dayang.
Naim Holdings Bhd's wholly-owned unit Petrochemical Hub Sdn Bhd is selling two parcels of vacant land measuring some 405.6ha in Bintulu, Sarawak to the Sarawak Economic Development Corp for RM340 million to enable the seller to unlock the value of the assets and propose a dividend to shareholders. The lands, which have a 99-year tenure each expiring in November 2112, are located at the Kidurong Industrial area off Jalan Sabekas at Tanjong Kidurong, Bintulu.
Boustead Holdings Bhd has unveiled its transformation plan to drive the group forward for the next three years as part of its strategy to strengthen prospects and unlock value. Premised upon the three pillars of Evolve, Efficiency and Excellence, the firm said this will set a course for the transformation of the group into a high-performing and sustainable organisation.
Willowglen MSC Bhd's unit has been awarded a contract worth about RM16.28 million by Sapura Rail Systems Sdn Bhd to provide supervisory control and data acquisition. The contract was awarded to its wholly-owned Willowglen (Malaysia) Sdn Bhd. The job involves the design, manufacture, supply, delivery, installation, testing and commissioning of the system solution.
https://www.theedgemarkets.com/article/pdz-sanichi-fgv-daya-materials-lkl-perdana-petroleum-naim-boustead-and-willowglen
