MRCB: Invests RM21m in Australian property firm. Bitar Enterprises Sdn Bhd, a wholly-owned subsidiary is buying 70% of Yes 88 Pty Ltd for AUD6.57m (RM20.7m). The estimated gross development value of the proposed development is AUD55m , including two four story-buildings with basement car parking residential dwellings and student accommodation. (Source: Malaysian Reserve)
Maxis: Fixes share price at RM4.75. Maxis's share price has been fixed at RM4.75 to retail investors and RM5 to institutional investors, according to a press released by Maxis Communications Bhd (MCB). (Source: Malaysian Reserve)
F&N: To launch 50 new F&B products after Jan 2010. F&N intends to launch 50 new food and beverage products within the next two years. Upon expiry of the Coca-Cola agreement after Jan 2010, the company will focus on its own products, especially for the dairies and soft drinks division. (Source: Bernama)
Green Packet: Proposes private placement of 84m new shares. Green Packet has proposed a private placement of up to 84.8m new shares of 20 sen each in the company to partly fund the group‟s deployment of its WiMax network and services. (Source: Malaysian Reserve)
Construction: Sector to grow by 3.5% in 2009. The construction sector is expected to grow by 3.5% in 2009 despite the current global financial crisis, said Second Finance Minister Datuk Ahmad Husni Hanadzlah. (Source: Bernama)
Crest Builders: Bags RM145m contract. Crest Builders Sdn Bhd, a wholly-owned subsidiary, has been awarded a contract by Khoo Joo Saik worth RM145.3m for the construction of super structure works of a 35 storey office tower in Jalan Ampang, Kuala Lumpur. (Source: Malaysian Reserve)
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