Velesto Energy appoints Nasution Mohamed as chairman
KUALA LUMPUR: Velesto Energy Bhd has appointed Nasution Mohamed as its chairman effective today.
UMS proposes US$3.6mil investment to expand Vietnam manufacturing footprint
PETALING JAYA: UMS Integration Ltd has inked a non-binding memorandum of understanding (MOU) with Tran Thanh Van and Nguyen Trong Dang, the founding shareholders of three Vietnamese precision engineering and metal processing firms.
CTOS Digital cancels 15.45 million treasury shares under buyback programme
PETALING JAYA: CTOS Digital Bhd has cancelled 15.45 million treasury shares, representing 0.67% of its total issued share capital, as part of its ongoing share buyback programme.
Well Chip plans rights issue to raise up to RM120mil for pawnshop expansion
PETALING JAYA: Well Chip Group Bhd has proposed a renounceable rights issue of up to 120 million new shares to raise between RM60.8mil and RM120mil, with proceeds earmarked mainly for expanding its pawnshop network and boosting cash capital for pawn loan disbursements.
Pineapple Resources major shareholder raises stake to 71.4% after MGO closes
PETALING JAYA: Gan Kok Xan and persons acting in concert only managed to increase their stake in Pineapple Resources Bhd by 7.56% to 71.42% at the close of the unconditional mandatory take over offer on Friday, June 5.
Sern Kou unit secures additional RM7mil CIMB Islamic banking facility
PETALING JAYA: Sern Kou Resources Bhd's wholly owned subsidiary, Valued Products (M) Sdn Bhd (VPM), has accepted an additional RM7mil banking facility from CIMB Islamic Bank Bhd.
EITA secures RM40.9mil busduct supply contract for Johor data centre project
PETALING JAYA: EITA Resources Bhd has secured a RM40.93mil contract for the supply and delivery of busduct systems for a data centre project in Johor.
Encorp signs MoU with FELDA for staff housing project
KUALA LUMPUR: Encorp Bhd has signed a memorandum of understanding (MOU) with the Federal Land Development Authority (FELDA) to explore a proposed collaboration for the design and construction of staff housing for the agency.
AllianzGI is said in exclusive talks to buy UOB Asset Management
Allianz Global Investors is in exclusive talks to buy the asset management division of Singapore's United Overseas Bank Ltd., according to people familiar with the matter.
Malakoff, TNB REMACO team up to enhance MRO services for Malaysian power plants
KUALA LUMPUR: Malakoff Corp Bhd's wholly owned subsidiary, Malakoff Technical Solutions Sdn Bhd (MTSSB), has entered into a memorandum of understanding (MoU) with TNB Repair and Maintenance Sdn Bhd (TNB REMACO).
