FBMKLCI 1581.85 DJ-12.90 CRUDE OIL 97.15 RM 2.9740

MRCB’s subsidiary will undertake a RM128.7 million contract to upgrade Little India in Brickfields and build government quarters. MRCB’s 70% owned Country Annexe Sdn Bhd had signed a privatisation agreement with the government and Syarikat Tanah dan Harta Sdn Bhd (Hartanah). The agreement will see Country Annexe upgrading and beautifying Jalan Tun Sambanthan, Brickfields; develop the Pines Bazaar and build 212 government Class F quarters near Jalan Ang Seng. In return, Country Annexe will receive two pieces of land.

Hap Seng Consolidated fixed the issue price of the rights shares with warrants at RM1.05. The exercise price of the new free detachable warrants was fixed at RM1.65.

Genetec’s outstanding orderbook grew to RM98.8 million after it secured new orders worth RM45.4 million from its existing and new clients in the hard disk drive, hazardous material containment and other industries.

It said the orders for the hard disk drive (HDD) industry were RM26.8 million and hazardous material containment was RM14.1 million.

Ramunia Holdings Bhd’s unit has inked two MoUs with India’s SEW Infrastructure Ltd to take part in the bid to develop an oil and gas project. Ramunia Fabricators Sdn Bhd had on Tuesday, July 5 signed the MoU to bid for the development of WO-16 cluster and SB-14 well head platforms project. In a separate statement, Ramunia Fabricators had also signed an MoU with SEW to participate in the bid for the cluster 7 well platforms project.