CORPORATE

Scomi Signs Monorail Supplemental Agreement with Prasarana

 |  Monday, 06 March 2017 09:33  |  Published in CORPORATE

Petaling Jaya, March 6 - Scomi Transit Projects Sdn Bhd (STP), a wholly owned subsidiary of Scomi Engineering Bhd (SEB), last week, entered into the Third Supplemental Contract (TSC) with Prasarana Malaysia Bhd (PMB) for the Kuala Lumpur Monorail Fleet Expansion Project Contract Agreement dated June 3, 2011 (Principal Contract) for the completion of the upgrade of the Kuala Lumpur monorail stations and the electrical and mechanical system, the construction of a new depot and delivery of 12 sets of new 4-car trains. 

In addition to the Principal Contract, STP and PMB had also signed two separate supplemental contracts dated April 16, 2014 and April 15, 2015 respectively pertaining to the Project. 

TDM Bhd To Expand Oil Palm Landbank In Terengganu

 |  Monday, 06 March 2017 09:26  |  Published in CORPORATE

Kuala Terengganu, March 6 – TDM Bhd has entered into a Heads of Agreement (HOA) with Terengganu Incorporated Sdn Bhd (TI) to acquire a 42.64% stake in Ladang Rakyat Trengganu Sdn Bhd (Ladang Rakyat). 

The proposed acquisition will increase TDM’s current shareholdings in Ladang Rakyat from 19.12% (held via its subsidiary) to 61.76%. Ladang Rakyat has a planted oil palm plantation area of 11,467 hectares (ha) in Terengganu with an average tree age profile of 9 years. 

FGV sets up two plants to ensure water quality for plantation

 |  Friday, 03 March 2017 17:15  |  Published in CORPORATE

Kuala Lumpur, March 3 - Felda Global Ventures Holdings Bhd has established a bio dewatering plant and a bio polishing plant at its Sabah subsidiary, Pontian United Plantation Bhd.

According to a Bernama report, FGV group president and chief executive officer Datuk Zakaria Arshad said with the dewatering plant, PUPs Pontian Fico palm oil mill would be able to remove solids from its effluent.


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