Tadmax, MGB, Bioalpha, Sapura Energy, Revenue and KNM

TheEdge Wed, Oct 02, 2019 01:03am - 4 years View Original


KUALA LUMPUR (Oct 1): Based on corporate announcements and news flow today, companies that will be in focus on Wednesday (Oct 2) may include: Tadmax Resources Bhd, MGB Bhd, Bioalpha Holdings Bhd, Sapura Energy Bhd, Revenue Group Bhd and KNM Group Bhd. 

Tadmax Resources Bhd is buying a 3.24 acre land near the Cheras-Kajang Expressway from Syarikat Perumahan Pegawai Kerajaan Sdn Bhd (SPPK) for RM36.65 million, to replenish its land bank. SPPK is a unit of S P Setia Bhd.

MGB Bhd's wholly-owned MITC Engineering Sdn Bhd has bagged a RM53.01 million contract to build a flyover based in Bandar Saujana Putra, Selangor. The contract was awarded by Seribu Baiduri Sdn Bhd, which is a subsidiary of LBS Bina Group Bhd — the major shareholder of MGB — making Seribu Baiduri a sister company.

Bioalpha Holdings Bhd has strengthened its foothold in China with the launch of seven new functional food products there, produced on original design manufacturing basis for partner Jinrui Yandetang Co Ltd.

“This is the maiden order, and we look forward to receiving more orders in the near future, given Jinrui’s extensive network reach of more than 50,000 distributors in China. “We expect to see contribution from Jinrui in the fourth quarter of 2019,” Bioalpha managing director William Hon said.

Sapura Energy Bhd has appointed Datuk Mohammad Azlan Abdullah as its new non-independent director effective today. Currently the group chief executive officer (CEO) of Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), he was the CEO of The New Straits Times Press (Malaysia) Bhd, before joining Prolintas.

Cashless payment solutions provider Revenue Group Bhd has teamed up with TNG Digital Sdn Bhd to enable the usage of Touch 'n Go eWallet on the Alibaba-owned Taobao and Tmall marketplaces. Revenue managing director and group chief executive officer (CEO) Eddie Ng Chee Siong said the strategic collaboration with TNG Digital is expected to enhance Revenue's bottomline going forward, as it is set to gain from the electronic transaction processing fees.

KNM Group Bhd has landed two contracts worth RM55.62 million in total in Indonesia. Its unit KNM Process Systems Sdn Bhd had inked the design, engineering and supply contracts on Sept 23 with SK Engineering & Construction Co Ltd, for the RDMP RU-V Balikpapan Project located at Balikpapan, East Kalimantan, operated by PT Pertamina.

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BIOHLDG 0.085
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REVENUE 0.195
SAPNRG 0.045
SPSETIA 1.130

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