Priceworth International Bhd says Forest Management Unit 5 (FMU5) has been valued at RM433.8 million, significantly more than the RM260 million price it is paying for its proposed acquisition of the FMU 5 Timber Concession comprising a net concession area of 88,920 hectares.
The timber and sustainable forestry group also holds a cash option that could further reduce the acquisition price to RM235 million if exercised, it said today in a circular to shareholders.
PETRONAS Chemicals Group Berhad (PCG) held its annual general meeting (AGM) today to present the company’s performance to its shareholders for the financial year ended 31 December 2017.
Describing the overall performance of the Group, Managing Director/Chief Executive Officer of PCG, Datuk Sazali Hamzah said, “PCG recorded its best ever performance in terms of revenue, profit after tax and earnings before interest, taxes, depreciation and amortisation (EBITDA) since its listing in 2010.”
Singapore High Speed Rail (‘KL-SG HSR’) is expected to generate more than 70,000 jobs to deliver the civil works packages, thus creating opportunities for professionals, skilled workers, and students from all over the country to work along the corridor of the 335KM alignment within Malaysia.
In addition, more than 60 civil work packages will result in over 5,000 sub-contract packages opened to local firms which will stimulate the growth of local industries. More than 40% in values of the civil work packages will be allocated to Bumiputera companies.
Loob Holding Sdn Bhd, the creator of Malaysia’s Tealive bubble tea brand has announced its collaboration with World Iconic Brands Hospitality Pvt Ltd (WIB). WIB is a specialist franchise development company in India, which has secured master franchisee rights to open 140 stores in three cities in India within next five years. The Tealive outlets will come up in New Delhi, Mumbai and Bangalore.
CEO of Loob Holding, Bryan Loo signed an agreement of Master Franchise Rights given to WIB to expand Tealive in the Metro cities of India, like Mumbai, New Delhi and Bangalore. At the event, WIB was represented by its founder Mr. Gaurav Marya, who is also the chairman of Franchise India, which is Asia’s largest integrated franchise solutions company. Franchise India owns majority stakes in WIB.
LG Electronics Malaysia showcased its line-up of products in the new product introduction, themed “Create a Better Life”. The leading consumer electronics brand unveiled the curtains to its signature and award-winning OLED TVs, Super UHD TV, InstaView™ Refrigerators and TWINWash™ washing machine.
Unpacking the theme further, the essence of creating better life derives from products such as its signature OLED TVs that gives viewers greater entertainment value, while its home appliances enable homeowners to save energy, keep food in refrigerator fresher for healthier life and spend quality time with family and friends as their laundry time is reduced. Elevating the credo of creating a better life, the Smart ThinQ feature allows consumers to command a better control over their home appliances, managing the products seamlessly.
Epson has launched newly upgraded portable business projectors with improved lamp life of up to 12,000 hours in eco mode. With this series of projectors, the frequency of lamp replacements is reduced, bringing greater cost savings to businesses. The projectors include EB-980W, EB-970, EB-2142W and EB-2042
Designed to excel in a variety of environments, including rooms with ambient lighting, this new projector series boast white and colour brightness that ranges from 3800lm to 4400lm, and is perfect for higher education, corporates and SME. In addition, the new projectors feature a compact and versatile form factor for portability or installation. Additionally, theEB-2142W projectors come equipped with built-in enterprise level wireless security.
BMW Group Malaysia and Sime Darby Motors through its division Sime Darby Auto Engineering (SDAE), has opened the doors to the new SDAE Engine Assembly Facility in Kulim, Kedah.
Established on a land site of over 6 acres with a built-up area space of 8,500 square metres and with a total investment value of over RM 132 million by SDAE.
Tetra Pak aims to launch a paper straw that is suitable for its portion-sized carton packages before the end of the year, as part of a broader programme to help address the issue of plastic straw waste.
Straws play an integral functional role on portion packages, but if not properly disposed of, they then become part of the plastics waste problem. The company has been working to encourage consumers to push straws “back in the pack” once empty, so they can be collected along with the rest of the package. Now, work is under way to develop a paper straw that is suitable for use on its portion-size carton packages.
Managing director of MAN Truck and Bus Malaysia Sdn Bhd, Hartmurt Mueller has stepped down ahead of the cessation of his contract in August this year, starting today.
“It has been an honour to serve and lead MAN Malaysia.Our strong pipeline and the strategies we have implemented have put MAN Malaysia on a strong for the future.
PKNS Real Estate Sdn Bhd (PREC) announced a joint venture with Common Ground, the largest coworking operator in Malaysia, to open up a new Common Ground space at Menara Worldwide, Jalan Bukit Bintang, Kuala Lumpur.
PREC Chief Executive Officer, Sr. Fakru Radzi Ab Ghani believes that this joint venture is aligned with the company’s increased attention in the startup and tech-related businesses.