Items filtered by date: September 2017
Wednesday, 06 September 2017 14:35

Prestariang Ventures into Cloud-based Markets

Prestariang Berhad announced yesterday that is wholly-owned  subsidiary Prestariang Capital Sdn Bhd entered into a Subscription agreement with OpenLearning Global Pte Ltd (OGPL) and Adam Maurice Brimo, for the subscription of up to 5,000,000 new "A" Ordinary Shares (A Shares)  of OGPL and 3,069,578 convertible preference shares for the purpose of venturing into the higher education cloud-based markets both domestically and regionally.

OGPL is a newly incorporated company under the laws of Singapore and as at the date of the Agreement, has an issued share capital of one (1) ordinary share of AUD1.00. As part of internal restructuring exercise pursuant to the Agreement, OGPL will own two wholly-owned operational subsidiaries in both Australia and Malaysia, namely Open Learning Global Pty Ltd (OLGPL) and OpenLearning Global (M) Sdn Bhd (OGMSB) (collectively referred to as the “OGPL Group”).

Published in CORPORATE

Mah Sing Group (Mah Sing) is topping up its successful RM23million Celebration Rewards Campaign with the RM23million Rewards Reloaded plus Rush For Your Gold campaign, giving out a total of 75 gold bars to customers who purchase one of the Group’s properties. Customers stand a chance to take home one of the two grand prizes which are 200 gram (g) pure 999 gold bars. 

The campaign will run from 1st September to 31st December 2017. 

Published in GENERAL

Breastfeeding, a powerful component of child survival strategy outlined by international organisations, was celebrated recently at KPJ Damansara Specialist Hospital (KPJDSH).

Parents and their children were among those who gathered at the hospital's World Breastfeeding Week celebrations that were also attended by KPJDSH’s Chief Executive Officer Fawziah Muhammad, Chief Nursing Officer Jaliah Mat Jani and Operations And Clinical Manager Dr Ellyana Ismail.

Published in GENERAL

AJ Biologics Malaysia (AJB), the country’s first vaccine manufacturer, announced a collaboration with the Government of Kybher Pakhtunkwa (KP), Pakistan, to help manage and contain the current dengue outbreak within the North Western Pakistani province.

The agreement will see the KP government invest in a Dengue Advisory Board that utilises AJB’s expertise and capabilities to create a programme that focuses on containment, education, treatment protocols and training to combat the country’s current dengue outbreak. This is a critical effort in addressing the situation which has recorded more than 1,000 dengue cases and killed five people in the past two weeks.

Published in GENERAL
Tuesday, 05 September 2017 10:30

President/CEO, Wan Mohd Fadzmi Leaves Agrobank

After six years at the helm of Agrobank and a successful transformation, Datuk Wan Mohd Fadzmi Wan Othman is stepping down as the President/Chief Executive Officer (P/CEO) of the government-owned bank.

Commenting on his experience with Agrobank, Wan Mohd Fadzmi said, “It has been an enormous privilege to have led Agrobank during an important period of transformation and growth.  My mission as a turnaround manager is finalised.  I am proud to have worked with remarkable colleagues who are so committed to growing the agriculture and food industry”.

Published in GENERAL

TIMBER and sustainable forest management group Priceworth International Bhd, which is in the midst of acquiring the rights to a large sustainable forest management area in Sabah for the next 81 years, saw its full year net profit jump 409 percent to RM4.68 million.

This performance followed a 2 percent higher revenue of RM170.17 million for the year ended 30 June 2017.

Published in CORPORATE

ACE Market’s Malaysian Genomics Resource Centre Bhd (Malaysian Genomics) saw its fourth quarter revenue grow 57 percent to RM2.91 million, following its consolidation of its now wholly-owned subsidiary MPath Sdn Bhd.

Net profit increased to RM335,000 for the fourth quarter ended June 30 2017 compared to the corresponding quarter last year, driven by a gain from acquiring a further 50 percent stake in MPath Sdn Bhd. MPath owns the country’s fourth largest independent chain of pathology laboratories, Clinipath (Malaysia) Sdn Bhd. 

Published in CORPORATE
Tuesday, 05 September 2017 10:25

Idris Jala To Boost Sunway’s Transformation

Sunway Berhad, the holding company of one of Malaysia’s largest conglomerates, the Sunway Group, is set to explore new avenues of growth in keeping with the changing business landscape, while expanding its portfolio of core businesses domestically and regionally.

“Our current businesses are doing well but we are fully aware that we need to find new horizons if we are to continue to thrive in the decades ahead.

Published in CORPORATE

Ekovest Bhd, a Bursa Malaysia Main Market listed company involved in construction, property development and infrastructure concession businesses, announced a gross profit of RM98.97 million for its 4th quarter financial year ended 30 June 2017 (4QFY2017), representing a 67% increase from RM59.16 million in the corresponding period last year. Its revenue stood at RM318.45 million, a 9.4% increase as compared to RM291.07 million a year ago.

A filing to Bursa Malaysia shows that the increase in the revenue and profit for the reporting quarter was mainly due to the due to higher revenue contribution from the construction segment. 

Published in CORPORATE
Tuesday, 05 September 2017 10:19

Boustead Records Q2 PAT of RM127 million

Boustead Holdings Berhad (BHB) recorded an improved performance for its second quarter ended 30 June 2017, with a profit after tax (PAT) of RM127 million compared with RM41 million in the preceding quarter. Profit before tax came in at RM162 million while revenue stood at RM2.4 billion. 

For its first six months ended 30 June 2017, the Group recorded a PAT of RM168 million compared with RM311 million in the previous year’s corresponding period. However, last year’s higher PAT was mainly attributable to gains realised on divestment of an associate company and disposal of lands. 

Published in CORPORATE
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