Link maker

Gamuda, Sime Darby Plantation, Capital A, Reservoir Link, PLS Plantation, Bumi Armada, EcoWorld, Caely, Cengild, GIIB and Sarawak Cable

KUALA LUMPUR (April 18): Here is a brief look at some of the corporate announcements and news feed from Monday April 18 involving Gamuda Bhd, Sime Darby Plantation Bhd, Capital A Bhd, Reservoir Link Energy Bhd, PLS Plantations Bhd, Bumi Armada Bhd, Eco World Development Group Bhd (EcoWorld), Caely Holdings Bhd, Cengild Medical Bhd, GIIB Holdings Bhd and Sarawak Cable Bhd (SCable).

Gamuda Bhd reports that its four Klang Valley highway concession holding companies have each separately accepted the respective takeover offer offered by Amanah Lebuhraya Rakyat Bhd and sent their written acceptances to ALR on Monday, April 18. The concession companies — Kesas Holdings Bhd (KESAS), Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (SPRINT), Lingkaran Trans Kota Holdings Bhd (LITRAK) and Projek Smart Holdings Sdn Bhd (SMART) — are expected to enter into separate negotiations with ALR to finalize the terms and conditions of the respective definitive agreements for the assignments.

Sime Darby Plantation BhdThe group’s foreign shareholding rose to 9.48% in March, the highest since September 2020. According to updates on the company’s website, the group’s foreign shareholding rose to the current level of 9, 24% in February. In September 2020, the group’s foreign shareholding amounted to 9.55%.

As countries continued to reopen after high vaccination rates, senior staff from Capital A Bhd, the holding company of AirAsia Aviation Group, has called on governments across Asia to further ease travel restrictions to revive the global economy. The company said the Covid-19 tests required by many countries in Asia, which cost more than some of its airfares, made the overall cost of air travel cumbersome for most of the ordinary travelers it serves.

Separately, The star reported, citing the Secretary General of the Ministry of Transport, Datuk Isham Ishak, that air ticket prices fell by 30% after the Malaysian Aviation Commission agreed to a compromise for the festive season. Isham said Mavcom will release an official statement detailing the new pricing in the near future.

Reservoir Link Energy Bhd announced on Monday that its wholly owned subsidiary Reservoir Link Sdn Bhd has received an award letter from Roc Oil (Sarawak) Sdn Bhd for the supply of pipe cutter and pipe cutter. Reservoir Link said the contract is for one year, from April 11, 2022 to April 10, 2023. He did not disclose the value of the contract.

AM Holdings Bhd’s wholly-owned subsidiary, RAM Sustainability Sdn Bhd, said durian planter PLS Plantations Bhd establishes a starting point for its environmental, social and governance (ESG) journey by submitting to the rigors of a sustainability rating and affirming that transparency is a priority, even though this indicates PLS’s high ESG risk profile . RAM Sustainability Managing Director Promod Dass said PLS is to be commended for this effort and RAM Sustainability looks forward to following PLS’s sustainability progress.

Bumi Armada Bhd announced that the group and its subsidiary Bumi Armada Navigation Sdn Bhd have been named in lawsuits filed by India’s Central Bureau of Investigation (CBI) and Indian Enforcement Directorate (ED) at the Rouse Avenue Magistrate’s Court in New Delhi, India. Bumi Armada said that the group and Bumi Armada Navigation at a hearing on Monday respectively, appeared in the proceedings to demonstrate their willingness to cooperate fully with the CBI and ED and to help and assist them and the Court. in these ongoing proceedings.

Eco World Development Group Bhdit is (EcoWorld) wholly owned subsidiary Hasrat Budi Sdn Bhd filed a lawsuit against Revolusi Asia Sdn Bhd, Entomo Malaysia Sdn Bhd and Raveenderen Ramamoothie, seeking to recover, among other things, incurred costs totaling RM524,787 and general damages to be assessed by the court.

Caely Holdings Bhd announced Monday (April 18) that authorities had issued an order blocking the bank accounts of the lingerie maker, which also said it was not aware of any wrongdoing that led to the authorities’ decision. Caely, however, did not specify which authorities issued the order to freeze his bank accounts.

Health service provider Cengild Medical Bhd debuted on Bursa Malaysia’s ACE market on Monday (April 18), hitting a high of 51 sen, a premium of 18 sen or 54.55% to its initial public offering (IPO) price of 33 sen. The meter opened 16.5 sen to 49.5 sen on Monday. The stock, which saw 98.81 million shares realized, was the most actively traded stock on Monday morning.

Supplier of technical rubbers GIIB Holdings Bhd, formerly Goodway Integrated Industries Bhd, said the committee overseeing the process of investigating allegations against one of its chief executives, Wong Weng Yew, needs more time to seek proposals from the firm. independent audit and any other experts, if necessary, to investigate the matter. . Last week, GIIB announced that it had suspended Wong from his duties at the company and its subsidiaries since March 28, and the suspension was extended until April 25 to facilitate the investigation into his management and management. gloves business and group accounts.

Sarawak Cable Bhd (Cable) has partnered with privately held Hercules Engineering (Sea) Sdn Bhd to jointly revitalize the business of SCable’s wholly-owned steel fabrication subsidiary, Sarwaja Timur Sdn Bhd, and to develop synergies between SCable and Hercules in order to bring Sarwaja Timur to the market for the next level of success for the mutual benefit of both groups. The main activities of Sarwaja Timur are fabrication, fabrication, galvanizing and sale of steel structures.