CORPORATE

Priceworth Gets Extension for Rm235 Million Cash Option to Buy Fmu5

 |  Wednesday, 16 May 2018 19:03  |  Published in CORPORATE

Priceworth International Bhd’s cash option to acquire timber concession area FMU5 in Sabah at a discounted RM235 million has been extended until May 22, the day of the shareholder meeting called to approve its proposed acquisition.

The sustainable forest management group today signed a supplemental letter with vendor Transkripsi Pintar Sdn Bhd in respect of the October 2016 sale and purchase agreement to buy Forest Management Unit 5 (FMU5), extending the option period 

OCBC Al-Amin Registers 27% Increase In Net Profit 

 |  Monday, 07 May 2018 15:27  |  Published in CORPORATE

OCBC Al-Amin Bank Bhd (OCBC Al-Amin) registered a 27% increase in net profit from RM151 million in 2016 to RM192 million last year, its ninth full year of operation. 

With this OCBC Al-Amin has increased its net profit more than 11 times since its first full year of operations when it registered a net profit of RM17 million in 2009. 

F&NHB To Expand Share Of Ready-To-Drink Beverages Market 

 |  Monday, 07 May 2018 15:24  |  Published in CORPORATE

Fraser & Neave Holdings Bhd aims to expand its share in the ready-to-drink market with the introduction of a broader portfolio of healthier choice products while supporting Government’s call for lower sugar content in beverages. 

The Group’s newest introduction – 100PLUS Reduced Sugar (with only four per cent sugar, the lowest in the industry and WITHOUT any alternative or artificial sweetener), will boost 100PLUS’ total healthier choice portfolio and expand the brand’s reach beyond traditional user occasions. 


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