New stock listing
No. Stock Code Stock Name Reference Price Lower Limit Upper Limit
1. 5192 KSSC 0.57 0.27 2.85
K. Seng Seng will make its debut on the Main Market of Bursa Malaysia on Wednesday, Jan 19. The supplier of secondary stainless steel products, offered 20.12 million new shares of 50 sen each, priced at 57 sen a share.
Khazanah Nasional Bhd, the government's investment arm, will invite bids this week through its advisor CIMB Investment Bank Bhd for the divestment of its 32.21% stake in Pos Malaysia Bhd. Khazanah managing director Tan Sri Azman Mokhtar reiterated that Pos Malaysia's stake divestment would be a two-stage process, with the first stage addressing regulatory aspects such as the increase in postage tariff rates and rise in salaries and allowances for most of Pos Malaysia's staff.
Maxbiz Corp Bhd has triggered the criteria pursuant to Practice Note No 17 (PN17) of the Main Market Listing Requirements of Bursa Securities. In a filing with Bursa Malaysia yesterday, Maxbiz said its auditors Messrs Gomez & Co had on Jan 17 submitted its assessment report to Bursa Malaysia Securities Bhd. Messrs Gomez had indicated that the shareholders' equity reported as at June 30, 2010 was RM36.89mil after taking into consideration the additional losses of RM1.33mil as per its assessment report dated Dec 3, 2010 and further losses as above of RM1.22mil.
DiGi.Com Bhd and Axiata Group Bhd expect cash savings of about RM2.2 billion combined over 10 years from the long-term collaboration on network infrastructure sharing in Malaysia. Both parties expect to see incremental savings as early as 2012 and gradually ramping up to an average annual savings of RM150 million to RM250 million combined after 2015.
Tenaga Nasional will announce first quarter results. RHB Research Institute said with higher electricity unit sales growth and largely stable coal prices in 1Q, it estimated core net profit could come in at around RM700 million to RM800 million (4QFY10: RM414 million, 1QFY10: RM751 million).
KPJ HEALTHCARE BHD [] has proposed to acquire Sibu Specialist Medical Centre for RM26.90 million cash to expand into markets where private healthcare is in demand. KPJ would acquire the 100% stake in Sibu Medical Centre Corporation Sdn Bhd (SMCC), comprising 6.62 million shares, from 14 individuals for RM26.90 million cash. SMCC owns and operates private specialist hospital Sibu Specialist Medical Centre at Brooke Drive in Sibu. KPJ Healthcare said the vendors were practising as specialists at the medical centre.
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