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.