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Duopharma, Perisai, Crest Builder, Cuscapi, Sanichi and Seacera

TheEdge Tue, Dec 03, 2019 12:05am - 8 months ago

KUALA LUMPUR (Dec 2): Based on corporate announcements and news flow today, companies in focus tomorrow could include Duopharma Biotech Bhd, Perisai Petroleum Teknologi Bhd, Crest Builder Holdings Bhd, Cuscapi Bhd, Sanichi Technology Bhd and Seacera Group Bhd.

Duopharma Biotech Bhd has obtained a one-year extension worth RM91.06 million from the Malaysian government for the supply of human insulin products.

In a bourse filing, the group said the government had written to Biocon Sdn Bhd, the maker of the products, to notify it was extending the contract by one year starting Dec 2, 2019, until Dec 1, 2020.

Under the original agreement, India's Biocon manufactures the product, while Duopharma Biotech's wholly-owned Duopharma Marketing Sdn Bhd (formerly known as CCM Pharmaceuticals Sdn Bhd) (DMktg), is the authorised distributor and reseller.

Perisai Petroleum Teknologi Bhd has bagged a contract extension worth US$7.6 million (RM31.77 million) from Petronas Carigali Sdn Bhd for the provision of a jack up drilling rig for the latter’s Samarang drilling campaign.

The contract was awarded to the group’s unit Perisai Offshore Sdn Bhd, Perisai Petroleum said in a filing, adding it is expected to last for two wells.

“The contract will have no effect on the issued and paid-up capital of the company and is expected to contribute positively towards the earnings and net assets of the company for the duration of the contract,” it said.

Crest Builder Holdings Bhd is buying a 2.646ha freehold land in Klang from WCT Holdings Bhd for RM55 million.

In a filing with Bursa Malaysia, Crest Builder said its wholly-owned subsidiary CB Land Sdn Bhd has entered into a sale and purchase agreement with Gemilang Waras Sdn Bhd, a wholly-owned unit of WCT Land Sdn Bhd.

WCT Land is wholly-owned by WCT Holdings.

Crest Builder said the preliminary plans for the land is a mixed-development of three blocks of residential serviced apartments and retail shop lots with the gross development value estimated to be above RM500 million.

Cuscapi Bhd has entered into a memorandum of understanding (MOU) with iPay88 (M) Sdn Bhd for a collaboration to offer competitive solutions to end-consumers in the food and beverage (F&B) industry. 

In a bourse filing, the company said the MOU will enable Cuscapi to leverage on Ipay88’s dominant position in the online and mobile payment space, whilst exploring business opportunities and potential cross-selling of Cuscapi’s C360engage — an intelligent cloud point-of-sales (POS) system — to iPay88’s host of F&B customers. 

Meanwhile, Cuscapi’s C360engage platform will employ Ipay88’s online and mobile payment solutions for a seamless and hassle-free transaction process. 

Sanichi Technology Bhd's subsidiary BCA International Sdn Bhd will be developing Malaysia and ASEAN's first halal gelatin plant certified by Malaysian Islamic Development Department (JAKIM) and the first halal gelatin industrial park, to be known as Melaka Halal Gelatin Industrial Park (MHGIP).

BCA chief executive officer Mohd Hanif Tan said the plant will produce applications across various industries including food (yogurt, jelly, gummy sweets), pharmaceutical (styptic cotton, hard capsule, soft gel), cosmetics (hair/skin products, toothpaste, lotion), industrial (adhesives, paper manufacturing, box making) and films (roll films, x-ray films).

The development will be completed in two phases over the next five years, said Sanichi, with operations at the halal gelatin plant to commence by mid-2021.

Shareholders of Seacera Group Bhd has voted for the appointment of Rozaidi Baharudin as an independent director on the company’s board, but had voted against the election of Abdul Razak Jamaludin, Mohamad Safwan Abdul Malek and Rozana Ismail.

These candidates were previously nominated by non-executive director Ishak Ismail.

The six candidates proposed by four Seacera shareholders - Ng Wai Yuan, Datin Sek Chian Nee, Low Swee Foong and Datuk Tan Wei Lian - who hold a collective 2.5% stake, were also rejected.

The six were Rizvi Abdul Alim, Datin Ida Suzaini Abdullah, Marzuki Hussain, Tan Lee Chin, Ong Eng Taik and Ramnath R Sundaram.

The company also saw the appointment of Mohd Adzhar Abd Hamed, Chu Chee Peng, Datuk Chong Loong Men, Nicholas Wong Yew Khid, Shi’aratul Akmar Sahari, Yong Ket Inn, Halim @ Ab Halim Ismail, Ling Chi Hoong, Tengku Ahmad Badli Shah Raja Hussin and Datuk Seri Abdul Azim Mohd Zabidi as directors.

Meanwhile, Mohd Fazillah Kamaruddin was removed from the board after being voted out by shareholders, while Ishak Ismail, Zahari Wan Embong, Datuk Ismail Ahmad, Zamri Mohd Ramli, Datuk Seri Mansor Masikon, Koo Kien Yoon, Saharom Mohd Adas and Mazlan Mohamad retired from the board.

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