MAHB awards WCT with BOT concession
WCT has been awarded a BOT concession by Malaysia Airports Holdings Bhd (MAHB) to undertake the privatization of the development of an integrated complex and all associated works in the new Low-Cost Carrier Terminal (KLIA2) at the Kula Lumpur International Airports for a period of up to 25 years. In a filing to Bursa last Friday, WCT said the company and MAHB, will jointly undertake the concession via a special purpose vehicle (SPV) with the ratio of 70:30. (Malaysian Reserve)
Four new highways to be announced in Budget 2011
Four new tolled highways have been proposed for the peninsula and are likely to be announced during the Budget 2011 speech on Friday. The Edge Financial daily learned that of the four, one road is already in existence while the other three will be mew alignments of existing roads, or roads that are in the process of being built. It is understood that PLUS Expressways Bhd would be the concession operator of two of the roads, while Permodalan Nasional Bhd (PNB) would run the other two. The highways operated by PLUS are from Sungai Dua to Juru in Penang, and from Kinrara to Damansara in the Klang Valley, while the PNB-operated highways are said to be from Ampang to Cheras, and from Damansara to Sungai Buloh. (Financial Daily)
Khalid puts RM10.2bn price tag on pipes
In an interview with The Edge, Selangor state MB Tan Sri Abdul Khalid Ibrahim says that he and the federal government are looking to seal the Selangor state water asset consolidation deal in principle in two months. As part of the pricing for the entire state’s water asset transfer to PAAB, Khalid mentioned that the valuation now includes all pipes valued at RM10.2bn. Khalid also mentioned that the state will not force the value of the pipes into the pricing of the water assets when the former sells the assets to PAAB, but says the value can be reflected as part of the future lease agreement when the state government undertakes the O&M. (Financial Daily)
UMW wins RM71m contract
UMW Holdings Bhd said it was awarded a contract to supply 21 fire fighting vehicles valued at RM71m to Malaysia Airports Holdings Bhd. The contract includes a comprehensive maintenance agreement for a period of 15 years, it said in a faxed statement yesterday. (StarBiz)
Mutual Tactic offers RM295m for NV Multi
NV Multi Corp Bhd, a bereavement care company, has received an offer from its managing director, Datuk Kong Hon Kong, son Kong Yew Foong and parties acting in concert to acquire the entire business and undertakings of the company for about RM295m or equivalent to 78 sen a share. The company told Bursa Malaysia yesterday that Mutual Tactic Sdn Bhd had offered to acquire its entire business and undertakings, including assets and liabilities. Kong and his son (who is the executive director of NV Multi) are directors of Mutual Tactic. The other directors of Mutual Tactic are Ng Teck Wah and Lim Chih Li @ Lin Zhili. Parties acting in concert with the Kongs are Tan Poh Hwa, Anugaris Sdn Bhd and Meridian Location Sdn Bhd collectively the “certain shareholders” in this corporate exercise. They collectively hold 106.27m shares, representing 28.09% stake in NV Multi. (StarBiz)
Government should lead way in Johor O&G hub plan
Johor wants the Federal Government to lead the way in developing Johor’s southeast areas of Teluk Ramunia and Pengerang into a new oil and gas (O&G) hub in the region. A senior official with the State Economic Planning Unit (Upen), who declined to be identified, has proposed that a federal level unit be set up to oversee and facilitate the implementation of the plan to ensure the project would be on the right track. He said it was important to have such a unit involved in the development of the country’s O&G hub projects and related activities as there was none at the moment. He added that the central unit would coordinate in the planning of the hub, including putting infrastructure facilities such as water, power, telecommunications, connectivity, logistics and giving incentives to investors. (StarBiz)
Energy: Sarawak to build more coal-fired plants as back-up. Sarawak plans to build more coal fired power plants as back-up energy sources for the state, State Public Utilities Minister said. They plan to build a coal fired plant in Balingian in Mukah Division and another one in Kapit (Merit Pila) with an estimated of 400m tones of coal reserves as back-up in case there is a drawback, for example a long drought. (Source: Malaysian Reserve)
IJM: Looking at listing infrastructure assets. IJM Corp Bhd is looking at listing its infrastructure assets, in India as well as those in Malaysia, in India. The group is also exploring the possibility of dual listing in Bursa Malaysia. Sources also say IJM has roped in consultants to make preparations for the listing exercise. (Source: The Edge Financial Weekly)
Nestle, BAT: Nestle buys land from BAT for RM36m. Nestle Manufacturing Sdn Bhd (NMSB), has signed a RM36m sales and purchase agreement with Tobacco Importers and Manufacturers Sdn Bhd (TIM), a wholly-owned subsidiary of British American Tobacco Malaysia Bhd (BAT) for the purchase of a piece of land in Selangor. The land will used by NMSB for manufacturing operations in relation with the current adjacent manufacturing facility, which is also owned by NMSB. (Source: Malaysian Reserve)
Plus: EPF expresses interest in PLUS. The acquisition of PLUS Expressways Bhd may move a step close to realization as the Employees Provident Fund (EPF) has expressed an interest in the toll road concessionaire. EPF's interest in acquiring PLUS was put forward to Khazanah Nasional Bhd's board during its meeting last week. However no formal proposal has been submitted yet as the EPF is said to be seeking green light from the Prime Minister Datuk Seri Najib Razak, who is also the finance minister. (Source: The Edge Financial Weekly)
No comments:
Post a Comment