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KENCANA subsidiary Kencana Hl has secured project from Sarawak Shell for the fabrication of compression modules and tie-in modifications -worth RM275m.

TimeCom plans to buy Global Transit Communications (GTC) for RM106m, Global Transit Ltd (GTL) for RM105m and AIMS Group for RM128m. All three are profitable and are expected to enhance TdC's earnings immediately upon purchase. GTC -wholesale Internet service and backhaul provider, GTL -owns 10% in the much-coveted trans-Pacific submarine cable, Unity North Cable System. AIMS Group -owns one of the region's leading network-neutral data centres. 

P&O insurance business is believed to still be on the radar of other foreign parties despite Prudential Holdings Ltd dropping out of the acquisition talks for the local general insurer.

GPacket posted net losses of RM13.71 million in the third quarter ended Sept 30, 2010, a decline from the net loss of RM31.84 million a year ago. Revenue rose 60% to RM100.89 million from RM63.03 million. Loss per share was 2.1 sen versus eight sen. Green Packet’s total borrowings as at Sept 30 totalled RM237.01 million. Its total turnover was the nine-month period was RM277.71 million compared with RM160.99 million while loss per share was RM56.82 million compared with RM81.93 million.

Amway (Malaysia) Holdings Bhd net profit for the third quarter ended Sept 30, 2010 rose marginally to RM21.51 million from RM20.48 million a year ago due to increase in sales revenue.Amway declared a third interim single tier dividend of 9 sen net per share and special interim single tier dividend of 30 sen net per share for the financial year ending Dec 31, 2010.

Mas expects its newly launched Eastern hub in Kota Kinabalu to contribute between RM60m and RM100m to net profit by June 2011. The hub will be developed over three stages from 15 November 2010 to 3 June 2011. A total of six aircraft, two new B737-800 and four B737-400 as well as 150 pilots and 250 cabin crew will be based in Kota Kinabalu by June 2011.

Scomien  has  struck a deal with Engineering Projects (India)  Ltd  to  jointly  venture  into  monorail  projects  in fast-urbanising Indian cities and in South Asia region.