Saturday 13 Apr 2024
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KUALA LUMPUR (Feb 16): Here is a brief recap of the corporate announcements that made the news on Friday:

KPJ Healthcare Bhd's net profit rose nearly 16% in the fourth quarter ended Dec 31, 2023 from a year earlier thanks to higher patient numbers and tax writeback. Net profit for the quarter was RM73.39 million compared with RM63.41 million. Revenue rose 19% year-on-year to RM911.5 million from RM765.8 million as patient numbers gained 4%. The company declared a single-tier interim dividend of 1 sen per share. For the full year, net profit surged 57.75% to RM263.4 million from RM166.98 million in FY2022 as revenue increased to RM3.42 billion from RM2.87 billion. At a press conference, president and managing director Chin Keat Chyuan said the group's major shareholder Johor Corp has set a 40% revenue contribution target for its health tourism segment within the next four years, from 8.5% currently. JCorp sets 40% revenue contribution target for KPJ Healthcare's health tourism business

The proposed disposal of Boustead Heavy Industries Corp Bhd (BHIC)'s 20.77% stake in the troubled Boustead Naval Shipyard Sdn Bhd (BNS) to the Ministry of Finance (Inc) for RM1 has been extended for the fifth time, to March 31. The original deadline for the fulfilment of conditions precedent under the deal was Oct 3, 2023, which was subsequently extended to Jan 31, 2024. BHIC said the agreement for the extension has been agreed upon by both parties as additional time is needed to fulfill the conditions precedent for the RM1 deal. BHIC's disposal of shares in BNS is part of the government's plan to assume full control of the RM9.13 billion littoral combat ship (LCS) project, which BNS failed to deliver on time.  BHIC's disposal of stake in Boustead Naval Shipyard for RM1 to MOF gets fifth extension to fulfil conditions

Malaysian Resources Corp Bhd (MRCB) confirmed it was appointed by Menteri Besar Selangor Inc (Selangor MBI) to undertake the demolition works of the Shah Alam Stadium at a provisional contract value of RM35 million. Selangor Menteri Besar Datuk Seri Amirudin Shari had said earlier this month that the stadium is expected to be fully demolished by mid-2025. However, the group is still negotiating with MBI to finalise the terms of the definitive agreement for the stadium's redevelopment of the stadium, which is separate from the demolition contract.  MRCB undertakes demolition works of Shah Alam Stadium for RM35 mil

KNM Bhd received binding and irrevocable offers to acquire the entire stake in its Italian unit FBM Hudson Italiana SpA for a total amount of 16.5 million euros (approximately RM84.99 million). The potential purchasers are Milan-based BM Carpenterie Oil & Gas SRL, which is offering to acquire 60% of the stake in FBM Hudson for 9.9 million euros, and Verona-based Officine Piccoli SpA, which seeks to acquire the remaining 40% stake for 6.6 million euros. The offers came after the Italian government had in November 2023 rejected the proposed disposal by KNM Bhd’s wholly-owned subsidiary KNM Europa BV of its entire stake in FBM Hudson to the United Arab Emirates' Petro MAT FZCO. Notably, the new offers would value FBM Hudson lower than Petro MAT's previous offer of 22 million euros.  KNM receives new offer to acquire Italian unit for 16.5 mil euros

SNS Network Technology Bhd (SNS Network) secured a contract from Esri Malaysia Sdn Bhd to offer geographical information system (GIS) solutions for an undisclosed value. SNS Network will mainly market, distribute and sell the GIS solutions to Esri’s existing and potential customers from small and medium enterprises, public companies and government agencies in Malaysia. SNS Network bagged geographical information system contract from Esri

ICT Zone Asia Bhd is considering transferring from the LEAP Market to the ACE Market on Bursa Malaysia, following a letter of request from its 72.85%-shareholder ICT Zone Holding Bhd. Pursuant to the proposal letter, ICT Zone Holding proposed to undertake a cash exit offer together with Datuk Seri Ng Thien Phing, which will be extended through a pre-conditional voluntary general offer for all the remaining ordinary shares and irredeemable convertible preference shares in ICT Zone Asia. It added that the board, excluding chairman Thien Phing, MD and CEO Lim Kok Kwang, and COO Vincent Ng Soon Kiat who are the interested directors of ICT Zone Asia, will deliberate on the matter. LEAP-listed ICT Zone Asia mulls proposal to transfer to ACE Market 

MyEG Services Bhd’s (MyEG) joint venture company MYEG Philippines Inc (MYEG PH) has partnered with the Social Security System of Philippines (SSS PH) to facilitate online payment of loans and contributions. Through the partnership, SSS PH members will have access to payment options via the platform, such as e-wallets, credit/debit cards, bank transfers and cash payments via over-the-counter channels. Additionally, members will be able to generate their Payment Reference Number on the same platform, streamlining the payment process. MyEG’s Philippine unit partners state social insurance programme to facilitate online payment

Edited ByAdam Aziz
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