Wednesday, October 31, 2012

20121031 1005 Malaysia Corporate Related News.

IGB bags RM8bn job in Taipei
IGB Corp won a TWD80bn (RM8.36bn) development project in Taipei, bagging another major property venture this year as its flagship development at Mid Valley City is at its tail end of completion. According to news report from Taiwan, the IGB-led consortium, Taipei Gateway International Development Co, won the bid to build Taiwan’s Twin Towers after a competitive process fending off challenges from two other companies. (Financial Daily)

Aeon Malaysia not involved in Carrefour deal
Aeon Co (M) (Aeon Malaysia) said it is not involved in any discussion with any party with regard to the proposed acquisition of Carrefour SA’s operations in Malaysia. In a statement to Bursa Malaysia yesterday, Aeon Malaysia, however, did say it would make an appropriate announcement to the exchange should there be any further development on this matter. (Financial Daily)- Please see accompanying report

MAHB may buy 15% stake in Aranmula airport in Kerala
Malaysia Airports Holdings (MAHB) may acquire a stake of up to 15% in KGS Aranmula International Airport Ltd, Kerala in India. According to a report in the Indian daily Business Standard yesterday, Anil Ambani-backed KGS Group, which is developing the airport, was looking at diluting up to 15%, and has already made the offer to MAHB. (Malaysian Reserve)

Petronas Carigali discovers additional oil reserves in Bertam
Prime Minister Datuk Seri Mohd Najib Razak yesterday announced that Petronas Carigali SB and Lundin Oil have jointly discovered additional oil reserves under a production sharing contract (PSC) at Block PM 307 of the Bertam oilfield. He said the oil field, located 160km offshore Peninsular Malaysia, is opposite the state of Pahang at the depth of 76m. (Malaysian Reserve)

Bumi Armada collects vessel
Bumi Armada has taken delivery of offshore support vessel (OSV) Armada Hibiscus from Sam Jung Holdings Ltd. It said in a statement that the 100m, 300-man accommodation work-barge, would go to work for ENi Spa (Italy) in the Congo under a RM56m two-year contract with extension options. (StarBiz)

Tan Chong aims to sell 50,000 Nissan cars
Edaran Tan Chong Motor SB, the sales and marketing arm of Tan Chong Motor Holdings, aims to sell 50,000 Nissan cars by year-end, aided by the emergence of the new Nissan Almera. Executive director Datuk Dr Ang Bon Beng said the company would like to position Nissan Almera as the leader and best-selling B-segment, non-national sedan car in Malaysia. Nissan Almera has four variants – 1.5E M/T (RM66,800), 1.5E A/T (RM69,800), 1.5V A/T (RM76,800) and 1.5VL A/T (RM79,800). (StarBiz)

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