KUCHING: Serba Dinamik Holdings Bhd has completed the share split and bonus issue exercise with the listing of the subdivided shares and bonus shares on Bursa Malaysia on Wednesday. The number of subdivided shares is 734,249,957 while the number of bonus shares is 881,099,921. Following the exercise, the enlarged number of […]
Alvin Tang
Supreme new warehouse to be completed by this month
KUCHING: Supreme Consolidated Resources Bhd expects to complete its new warehousing facilities at Demak Laut Industrial Park here by this month. The project costing about RM13 million will provide new facilities comprising a three-storey office cum warehouse that include cold storage facilities for freezer and chiller to store frozen and […]
SOP net profit jumps to RM32.6 million
KUCHING: Improved profit margins from the sale of palm oil related products have helped to push up the latest quarterly earnings of Sarawak Oil Palms Bhd (SOP) despite a double-digit drop in revenue. In third quarter to Sept 30, 2019 (Q3-2019), SOP group net profit rose to RM32.6 million from […]
SugarBun gets earning boosts from Foodpanda
KUCHING: Borneo Oil Bhd’s fast food restaurant chain SugarBun has reaped benefits from collaboration with Foodpanda as it helped to boost sales. In first quarter ended June 30, 2019 (Q1-2019), the group’s fast food and franchise operations posted increase in revenue by RM530,000 to RM12.44 million from RM11.91 million in […]
2020 start for Ibraco’s 2nd Malayan project
KUCHING: Property developer Ibraco Bhd plans to kick-start its second project in Peninsular Malaysia next year. The new project will be on a leasehold land on Bandar Petaling Jaya Selatan, which Ibraco acquired for about RM37.4 million last year. Measuring 15,811.66 sq m, the land is approved for mixed commercial development. […]
Vice-chairman sells off entire direct stake in Rimbunan Sawit
KUCHING: Rimbunan Sawit Bhd’s vice-chairman Tiong Kiong King has sold his entire direct shareholding in the oil palm plantation company. Tiong, 71, directly owned 11,011,500 shares or 0.78 percent as at April 1, 2019. He aggressively disposed off the shares over the past six months in the open market until […]
Dayang’s rights share issue price fixed at 92 sen
KUCHING: Dayang Enterprise Holdings Bhd has fixed the issue price of its rights shares at 92 sen each. The issue price represents a discount of 91 sen or about 49.73 percent to the theoretical ex-rights price of Dayang shares of RM1.83, which was calculated based on the five-day volume weighted average […]
Tycoon ups shares in Serba Dinamik
KUCHING: Serba Dinamik Holdings Bhd group managing director and CEO Datuk Dr Mohd Abdul Karim Abdullah (pic) has forked out RM10.542 million to acquire 2.51 million of the company’s shares at RM4.20 each. Making the acquisition in a direct business transaction on Nov 6, he has upped his equity interest […]
Velesto wins US$131 mln Carigali Hess contract
KUCHING: Velesto Drilling Sdn Bhd has secured a US$131 million (RM541 million) contract from Carigali Hess Operating Company Bhd for the provision of 10K jack up drilling rig for its 2020 drilling programme. The contract is expected to commence in second half of 2020 for a duration of three years, […]
Oil palm is Jaya Tiasa’s main money earner
KUCHING: The oil palm business has emerged as the biggest revenue generator for Jaya Tiasa Holdings Bhd, a traditional timber-based company. The group’s planted oil palm areas has expanded to 69,589 hectares, spreading over 10 plantations in Sarawak, which have all matured. The group also owns four palm oil mills […]