The Star Online: Business
The Star Online: Business |
- Matrix Concepts to issue 62.5mil shares for listing
- Sole distributor for Secret Garden
- RM1.55bil MRT rolling stock award soon for Sungai Buloh-Kajang Line
| Matrix Concepts to issue 62.5mil shares for listing Posted: 06 Sep 2012 04:22 PM PDT KUALA LUMPUR: Property developer Matrix Concepts Holdings Bhd is seeking a listing on Bursa Malaysia with a public issuance of 62.5 million new shares. Of these, 10 million shares would be made available to the public, 8.8 million for eligible directors and employees, and 43.69 million for private placement to selected investors. The company said in its prospectus exposure on the Securities Commission website that it was appointing Hong Leong Investment Bank Bhd as the adviser, underwriter and placement agent for the listing. Matrix Concepts said it intended to use 82.4% of the proceeds for infrastructure, common facilities and working capital. The rest would be for the construction of a clubhouse, repayment of bank borrowings and for listing expenses. |
| Sole distributor for Secret Garden Posted: 06 Sep 2012 04:21 PM PDT KUALA LUMPUR: KFC Marketing Sdn Bhd, which has been appointed the sole distributor of one of its house brand products Secret Garden, aims to increase the brand's sales growth by 25% next year. Secret Garden is currently registering double-digit growth year-on-year. In terms of percentage, it has less than 10% sales growth. "We're eyeing to clinch RM5mil in sales for the second half of this year," said KFC Marketing managing director Foo Peng Peng. - Bernama |
| RM1.55bil MRT rolling stock award soon for Sungai Buloh-Kajang Line Posted: 06 Sep 2012 04:20 PM PDT KUALA LUMPUR: MRT Corp is expected to award the rolling stock package for the first line of mass rapid transit (MRT) system, the Sungai Buloh-Kajang (SBK) Line, in a few weeks, said chief executive Datuk Azhar Abdul Hamid. "We have finished the evaluation of the bids and we are now preparing the report to be presented to the tender committee. Our budget for the rolling stock is about RM1.55bil. "The company that wins the award will be responsible for the building of 58 sets of four-car train," he told StarBiz at the company's Hari Raya open house yesterday. On other work packages, Azhar said that almost all civil works packages had been awarded and the balance would be done in a couple of weeks. "We still have some multi-storey carpark work packages to be awarded and there are about 16 of that with carpark bays ranging from 250 to 500 each to be constructed along the SBK Line. "We are also going to award the system packages very soon. It is inclusive of work packages for the train system, signalling, power supply, automated face control system, etc. "Most of the bidders for the system packages are foreign companies with local partners. This is to help our local companies climb up the value chain through transfer of technology. We view the transfer of technology effort very seriously as we have engaged Malaysian Industry-Government Group for High Technology (MIGHT) to make sure the transfer of technology effort is intact," he said. It was recently reported that about 40 of a total 85 contract packages worth RM16bil had been awarded so far. That leaves 17 work packages in the process of being awarded and a further 28 yet to be called for tender. Azhar said after all the bigger work packages were done the company would look at smaller packages such as elevators, LED lights and signages. On the progress of the SBK Line construction, Azhar said with a smile that the works had become quite a nuisance for road users. "But, seriously I am happy with the way things are going so far and that's supported by facts and figures. "At this juncture, I just want to thank the majority of the public who have been so supportive of the project. We have to be clear that this is done by the Government for the people. "From the very beginning the Government has stated that it wanted to make sure this MRT project is delivered on time and within the stipulated cost," he said. The 51km SBK Line is poised to be the nation biggest construction project so far. On completion, it will have 31 stations and serve 1.2 million people along the route. Danainfra Nasional Bhd, a wholly-owned subsidiary of Ministry of Finance Inc which responsible for the financing of the MRT, was reported as saying the total cost of the MRT project would be known when all the tender packages had been awarded by the year-end and envisaged finalising the funding by the end of the first quarter of next year. To-date, Danainfra has announced an RM8bil Islamic commercial papers/Islamic medium-term notes programme. This facility would part finance the MRT project up to June 30, 2013. |
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