IOI Corp: Buys back USD10m bonds. IOI Corp Bhd announced that it had purchased part of its USD600m (RM1.85b) zero coupon exchangeable bonds due to 2013 which would be cancelled in accordance with terms and conditions of the bonds, issued on Jan 15, 2008. The aggregate principal amount of bonds purchased and to be cancelled amounted to USD100m. The remaining aggregate principal bonds outstanding stands at USD444.8m. (Source: The Edge Financial Daily)
MAHB: Khazanah to sell stake in MAHB for RM404m. Khazanah Nasional Bhd plans to sell a second tranche of shares in Malaysia Airports Holdings Bhd (MAHB) for as much as RM404m. Khazanah, which owns 60% of the airports operator, plans to place out 66m shares, or a 6% stake, at an indicative price range of RM6 to RM6.12. (Source: The Malaysian Reserve)
OSK: Says it's not in negotiations for any tie-ups. OSK Holdings Bhd has not entered into any serious and exclusive negotiations with any party for any form of equity and strategic partnerships. OSK was down 4sen to RM1.87 on volume of 32.7 m shares. (Source: The Star)
Bond rating agency: S&P to buy RAM stake. Standard & Poor?s (S&P) is in talks with RAM Holdings Bhd to acquire a stake in the latter and the deal is expected to close by early next year. Sources said RAM has established affiliation with S&P for some time and S&P is interested to own a stake in RAM Holdings after a long relationship. (Source: The Star)
Syabas sues Selangor govt for RM471.6m
Puncak Niaga Holdings’ subsidiary, Syarikat Bekalan Air Selangor SB (Syabas), has sued the Selangor state government for RM471.64m. Puncak Niaga claimed that the RM471.64m was due to it as compensation for the period between 1 January 2009 and 31 December 2009 in return for not raising water tariffs. Syabas had signed a concession agreement with the Selangor government and the federal government on 15 December 2004. In September, the Selangor government reportedly said that it would not compensate Syabas for RM308mi in alleged lost revenue, despite threats of a lawsuit. (BT)
HSL wins RM67m Sarawak road job
Hock Seng Lee (HSL) has been awarded the RM67.3m Tuie/Supa/Manggut Road construction project in Betong, Sarawak by Adiqa Engineering SB. The scope of works included earthworks, road, drainage and other related works. The project is due to be completed by May 2013. (Starbiz)
MAS signs up maintenance support for B737-800s
Malaysia Airlines Engineering and Maintenance (MAS E&M) and Air France Industries and KLM Engineering and Maintenance (AFI KLM E&M) have signed a 10-year component support contract for 35 of the carrier’s fleet of B737-800s, with an option for a further 20 aircraft. The 737 Component Services Programme was operated in partnership with Boeing. Simultaneously, a regional component pool would be set up in Kuala Lumpur to provide services to MAS and other customers. (Starbiz)
Khazanah to let fly stake in MAHB for RM404m
Khazanah Nasional, Malaysia’s sovereign wealth fund, plans to sell a second tranche of shares in Malaysia Airports Holdings (MAHB) for as much as RM404m. According to a wire report yesterday, the government owned investment arm plans to place out 66m shares, or a 6% stake, at an indicative price range of RM6- RM6.12. The report said Khazanah which sold a 7.7% stake in MAHB in March, has an upside option to sell an additional 22m shares. This latest sale is being managed by Nomura Holdings Inc, HSBC Holdings plc and RHB Capital. (MalaysianReserve)
No comments:
Post a Comment