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BjCorp last Friday clinched a deal to sell a 70% stake in its stockbroking arm, Inter-Pacific Securities Sdn Bhd, to Singapore-listed Kim Eng Holdings Ltd for RM142 million.

Independent power producer Jimah Energy Ventures Sdn Bhd is planning to go public in what could be one of the bigger initial public offerings (IPO) of 2011.
A merchant banker has been hired but there are many details yet to be finalised. "The listing is targeted for mid-2011 but there are details to be sorted out including the name the listed company will carry," its chairman Tunku Naquiyuddin Tuanku Ja'afar said. He expects Jimah to raise "hundreds of million ringgit" from the IPO.

Syarikat Prasarana Negara Bhd (SPNB) has awarded contracts worth RM1.7bn for the first phase (Package A) of the RM7bn light rail transit (LRT) extension project involving the Kelana Jaya and Ampang lines. Package A of the Kelana Jaya line, valued at RM950m, was awarded to TRC sinergy. The work will take 30 months to complete. UEM Builders Bhd and Intria Bina SB were jointly appointed the nominated sub-contractors for the fabrication and delivery of segmental box girder jobs worth RM93.16mil, which is expected to take 21 months to complete. Package A of the Kelana Jaya line will be a 9.2km extension from the Kelana Jaya station to Summit (Station 7). Package B will involve a 7.8km extension from Station 7 to the Putra Heights station.