KUALA LUMPUR (Dec 24): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (Dec 26) may include: TSR Capital Bhd, MCE Holdings Bhd and AirAsia Group Bhd. 

TSR Capital Bhd’s wholly-owned unit TSR Bina Sdn Bhd has secured a RM79.8 million road project in Sungai Buloh. 

It said the 24-month project, awarded by Kwasa Land Sdn Bhd, involves the construction of the elevated roads crossing junction at Persiaran Atmosfera-Persiaran Jati, and the upgrading of the four-arm grade junction at Kwasa Puteri-Persiaran Sg Buloh. 

The project is expected to be completed by January 2021, TSR said.  

MCE Holdings Bhd announced it has terminated two memoranda of understanding for the purpose of setting forth a framework for the consultation and exchange of information and technology. 

The MoUs, inked separately with PT Garuda Multi Investama and Sandhar Technologies Ltd, have been mutually terminated on Dec 21.  

MCE however said it will continue to explore cooperation opportunities with the two companies “as and when such opportunities arise”. 

AirAsia Group Bhd is selling 25 aircraft to US-based global private investment firm Castlelake LP for US$768 million (RM3.2 billion)

This will be carried out via the sale by the group’s indirect wholly-owned subsidiary Asia Aviation Capital Ltd (AACL) of its entire equity interest in Merah Aviation Asset Holding Ltd to AS Air Lease Holdings 5T DAC, an entity indirectly controlled by Castlelake.

Castlelake will also buy from AACL, four new aircraft to be delivered in 2019 at a price to be determined later.

“The 25 existing aircraft (A320-200ceo and A320neo) under Merah Aviation, as well as the four new aircraft to be delivered (A320-200ceo), will be leased back to AirAsia Bhd and/or its affiliates,” the group said.