20101019 1056 Malaysia Corporate News.

Ekuinas takes control of Konsortium for RM206.6m
Ekuinas has made its third investment by taking control of Konsortium Logistik and plans to expand the business in the oil and gas sector. The state private equity company is buying 56.5% of Konsortium for RM206.6m, or RM1.55 per share. This triggers a MGO for the rest of the shares in Konsortium at the same price. But Ekuinas plans to keep Konsortium listed. (BT)

PLUS could gain RM5bn compensation for toll freeze
PLUS may gain as much as RM5bn over the next 5 years as compensation for a freeze in toll increase which was announced under Budget 2011. A new concession agreement would be inked once UEM Group and EPF complete the takeover of PLUS for RM23bn within the next 12 months, according to UEM Group CEO Datuk Izzadin Idris. (The Malaysian Reserve)

Vehicle sales down 6% in September
Vehicle sales in September declined by 6%, the first time this year, to 43,443 units from 46,104 units in the same month last year. MAA attributed the cooling off period after the rush deliveries in the previous month for the Hari Raya Aidilfitri festival and short working month in September caused sales growth to slow. However, between January and September, sales rose by 14% to 453,249 units compared with 397,950 units in the same period last year. (Bernama)
TRC Synergy, UEM Group in final race for LRT extension job
TRC Synergy and UEM Builders Intria Bina SB are believed to be at the last mile of the race to win the contract for the extension of the LRT near Kelana Jaya. Sources said Syarikat Prasarana Negara had recommended TRC Synergy to the MoF to be the main contractor for the 9.2km LRT extension project and it could bag the job as early as next month. (Financial Daily)

Xingquan to raise RM76m via Taiwan listing
Xingquan has proposed to issue new shares via a Taiwan Depository Receipts (TDR) program to raise RM76m from the Taiwan Stock Exchange. The proposed exercise involves the issuance of 46.1m new shares of USD0.10 each at an indicative price of RM1.65 per share. The issue size represents 15% of Xingquan’s existing and paid-up share capital, (StarBiz)

MHB sets retail IPO share price
MHB has fixed the institutional and retail prices of its IPO at RM3.80 and RM3.61 respectively. It is en route to a Main Market listing later this month with a public issue of 262m new shares and offer for sale of 146m shares. (StarBiz)