PRICEWORTH International Bhd continues to see improved log harvests, with a year-on-year jump of 247 percent in June due to operations in two additional compartments in Forest Management Unit 5 (FMU5).
Priceworth in an announcement to Bursa Malaysia reported log production of 33,861 cubic metres for the month of June 2018, compared to 9,732 cubic metres in June last year.
Shares in timber and forest plantation group Priceworth International Bhd will trade ex-rights on 18 July, for its RM102.37 million renounceable two-for-one rights issues with bonus shares, the company said in announcing the book closure for the rights issue.
The provisional allotment of rights entitlements will begin trading on 23 July and cease trading on 30 July. The last day for the sale of the rights allotments will be 27 July.
UMW Corporation Sdn. Bhd. (UMWC), a wholly-owned subsidiary of UMW Holdings Berhad (UMWH), has today agreed to form a strategic partnership through a Joint Venture (JV) with Komatsu Ltd. of Japan (Komatsu) for its heavy equipment business. The proposed JV is premised on the long-standing business relationship between UMW and Komatsu since 1965.