KUALA LUMPUR, 30 JUNE: Serba Dinamik Holdings Bhd, Aeon Credit Service (M) Bhd, Paramount Corp Bhd, Star Media Group Bhd, RCE Capital Bhd, Mah Sing Group Bhd, Ahmad Zaki Resources Bhd (AZRB), Cheetah Holdings Bhd, Nestcon Bhd, AE Multi Holdings Bhd, Green Ocean Corp Bhd, Boustead Heavy Industries Corp Bhd (B) may be among the companies in focus tomorrow (Thursday, July After selling another 96 million shares in Serba Dinamik Holdings Bhd on the open market on June 25, the Employees Provident Fund (EPF) ceased to be a significant shareholder in the oil and gas services firm. Serba Dinamik’s largest shareholder and group CEO, Datuk Mohd Abdul Karim Abdullah, sold 46.3 million shares or 1.2 percent of the company on June 28, citing force-selling as the basis for the sale. Datuk Awang Daud Awang Putera, a co-founder and non-independent director, was also obliged to sell 26.95 million shares, or 0.7 percent of the company, between June 28 and today.
A joint application for a digital bank license has been submitted to Bank Negara Malaysia by AEON Credit Service (M) Bhd and its parent firm, AEON Financial Service Co Ltd (AFS). According to AEON Credit, the company and AFS will collaborate by combining their skills and resources to establish a joint venture company in Malaysia to engage in the business of a digital bank after a license is obtained.
Meanwhile, a consortium consisting of Paramount Corp Bhd, Star Media Group Bhd, RCE Capital Bhd, Prosper Palm Oil Mill Sdn Bhd, and a technology partner has applied for a digital banking license with Bank Negara Malaysia.
Mah Sing Group Bhd achieved RM650.5 million in property sales in the first five months of this year (5M21), accounting for 40% of its RM1.6 billion sales target for 2021. Several releases planned for the second half of this year will help the property developer accomplish its sales target (2H21). Meanwhile, Mah Sing Healthcare Sdn Bhd, the company’s healthcare division, has successfully secured long-term glove orders, which will fill four glove dipping lines.
Tan Sri Wan Zaki Wan Muda, the founder of Ahmad Zaki Resources Bhd (AZRB), has announced that he will step down as executive vice chairman of the company tomorrow (Thursday, July 1). However, the 72-year-old group’s largest shareholder will continue to serve on the AZRB board of directors.
Chia Kee Foo has resigned as chairman and managing director of Cheetah Holdings Bhd, effective today, to pursue his personal interests.
Nestcon Bhd, a newly-listed building and construction services firm, has won an RM230 million contract to construct serviced apartments in Sungai Buloh, Selangor. The contract was won by the group through its wholly-owned Nestcon Builders Sdn Bhd, which was awarded by Mightyprop Sdn Bhd.
Green Ocean Corp Bhd has awarded AE Multi Holdings Bhd an RM65.18 million contract to design, install, and commission eight double former dipping lines for rubber glove production. The letter of award was received by AE Multi’s wholly-owned subsidiary AE Multi Industries Sdn Bhd from Green Ocean’s wholly-owned unit G Rubber Sdn Bhd, according to AE Multi.
The Ministry of Home Affairs has granted Boustead Heavy Industries Corp Bhd (BHIC) a one-year contract extension, effective July 1, 2021, with a revised value of RM95.98 million. The contract, which was signed in October 2016, is for the provision of comprehensive maintenance and logistic support services for three Dauphin helicopters belonging to the Malaysian Maritime Enforcement Agency.
The shareholders of Sarawak Consolidated Industries Bhd (SCIB) approved the group’s motion to cancel RM40 million in issued share capital today. According to SCIB, the credit generated by the share capital decrease will be used to wipe out the group’s accrued losses.
To lessen its losses from the investment, MAG Holdings Bhd (previously known as XingHe Holdings Bhd) sold 20.91 percent of its 40.77 percent stake in affiliate Henan XingHe Oil and Fat Company Ltd (HXOF) for RM37.8 million. Anyang Herun Oil Technical Service Company Ltd, MAG’s indirect wholly-owned subsidiary, has entered into a share sale agreement with NXOF shareholder Huang YunLin to sell the interest.
Kronologi Asia Bhd, an ACE Market-listed enterprise data management and storage solutions company, said it is still searching for merger and acquisition opportunities to help it reach the next level of growth. Edmond Tay Nam Hiong, the company’s chief executive officer, said the company is still looking into the possibilities and has no further information to provide.
Cypark Resources Bhd’s net profit for the second quarter ended April 30, 2021 fell 2.55 percent to RM18.03 million from RM18.5 million a year ago, as a slowdown in the company’s construction and engineering sector more than offset increased work progress on its waste-to-energy projects. Despite revenue increasing 13.49 percent to RM85.97 million from RM75.75 million, the worse bottom line came as the RE segment experienced increased work progress for large-scale solar projects, as well as a considerable boost from its WTE segment./n
