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Japan's Dai Nippon Printing to invest RM170.5m in Johor plant
Patimas gets request to remove 3 directors
Malaysia blue chips higher in February trade

Japan's Dai Nippon Printing to invest RM170.5m in Johor plant

Posted: 03 Feb 2013 07:03 PM PST

KUALA LUMPUR: Dai Nippon Printing Co. Ltd of Japan is investing 5bil yen (RM170.5mil)in a plant in Johor to produce dye sublimation thermal transfer media used for photo printing.

It said on Monday the decision to set up the plant was due to the increasing demand for digital photo prints, especially among emerging countries in Southeast Asia.

It said the demand for dry digital photo prints was expanding worldwide in line with the growth of digital cameras and smart phones.

Dai Nippoin said its unit DNP IMS Malaysia Sdn Bhd would undertake the operations.

The plant, which is scheduled to be completed in September 2013, would enable it to expand operations in the region.

"The new company aims for sales of 4.0 billion yen (approximately RM136.40mil) in the fiscal year of 2016," it said in a statement posted on its website.

Dai Nippon Printing had in the late 1980s launched the manufacturing and marketing of dye sublimation media. It has plants in Japan, Europe and the US.

It explained that dye sublimation thermal transfer media was used when printing digital images in a thermal transfer print technology. The media set composed of an ink ribbon (yellow, magenta, cyan and a transparent overcoat layer) and a dedicated receiver paper.

The dye from the ink ribbon is transferred to the receiver paper to match the intensity of the image making it possible to create high-quality photos prints, with smooth gradations, similar to silver halide photography.

Dai Nippon Printing said dye sublimation prints are highly durable, economical and can be quickly produced. It expected the market to increase in mainly in the areas of commercial photo printing such as photo print kiosk terminals, dry mini-labs and ID photos.

Patimas gets request to remove 3 directors

Posted: 03 Feb 2013 06:12 PM PST

Published: Monday February 4, 2013 MYT 10:12:00 AM

KUALA LUMPUR: Patimas Computers Bhd has received a request for an EGM from two shareholders to remove three directors with immediate effect.

It said on Monday the request were from Syawaras Sdn Bhd and CPE Growth Capital Limited requesting for an EGM to remove Datuk Ng Back Heang, Robert Daniel Tan Kim Leng and Law Siew Ngoh

Patimas said it had received the letter dated Jan 31 from Syawaras and CPE Growth Capital requesting for the EGM.

Both shareholders had requested that Datuk Seri Abdul Azim Bin Mohd Zabidi, Datuk Nur Jazlan Bin Mohamed and Lawrence Kwan Ho Ma be appointed directors.

Malaysia blue chips higher in February trade

Posted: 03 Feb 2013 05:52 PM PST

KUALA LUMPUR: Malaysia's blue chips started February on a firm note, supported by gains in finance-related stocks while MISC rallied on Petronas' takeover plan.

At 9.32am, the FBM KLCI was up 8.71 points to 1,636.26. Turnover was 128.66 million shares valued at RM163.09mil. There were 172 gainers, 120 losers and 160 counters unchanged.

However, Hwang DBS Vickers Research (HDBSVR) was more cautious on the market outlook, pointing out a bearish pattern could engulf the Malaysian bourse in the coming weeks as the General Elections (GE) approaches.

"With selling activity likely to gather momentum in the run-up to polling day, the key KLCI, which appears technically vulnerable, may see further weaknesses ahead, threatening to slide towards the major support area of 1,575-1,600," it said.

MISC rose 76 sen to RM5.21, near the RM5.30 takeover offer price by major shareholder Petronas. Its call warrants, MISC-CQ rose 13 sen to 31 sen.

HL Bank rose 26 sen to RM14.50 and Maybank 12 sen to RM9 while MBSB added 14 sen to RM2.40 in active trade on its dividends plan.

Tasek-PA was the top gainer, rising RM1.98 to RM11.68 while PetGas added 24 sen to RM18.80.

Consumer stocks were mixed, with BAT up 78 sen to RM58.18 and Nestle 76 sen to RM59.16 but Dutch Lady fell 32 sen to RM42, F&N 28 sen to RM18 and Carlsberg eight sen lower at RM11.80.

Kredit: www.thestar.com.my

Ahad, 3 Februari 2013