IGB REIT, Kerjaya Prospek, TCS, MMC Corp, Menang Corp, GFM Services, TFP Solutions, Cocoaland and Samchem

TheEdge Fri, Apr 09, 2021 10:53pm - 1 month ago


KUALA LUMPUR (April 9): Based on corporate announcements and news flow today, companies in focus on Monday (April 12) may include: IGB Commercial Real Estate Investment Trust (REIT), Kerjaya Prospek Group Bhd, TCS Group Holdings Bhd, MMC Corp Bhd, Menang Corp Bhd, GFM Services Bhd, TFP Solutions Bhd, Cocoaland Holdings Bhd and Samchem Holdings Bhd.

IGB Commercial Real Estate Investment Trust (REIT) has moved to purchase properties worth RM3.16 billion in total from IGB Bhd’s subsidiaries and 50% owned joint ventures (JV) as part of its listing. The REIT had signed 10 sale and purchase agreements (SPAs) with IGB to purchase Menara IGB and IGB Annexe, Centrepoint South, Centrepoint North, Boulevard Properties, Gardens South Tower, Gardens North Tower, Southpoint properties, Menara Tan and Tan, GTower and Hampshire place.

Kerjaya Prospek Group Bhd's 49%-owned associate Kerjaya Bina BMK Sdn Bhd has secured an RM153.5 million contract from the Employees Provident Fund (EPF)-linked joint venture (JV) company, BBCC Development Sdn Bhd, for the construction of the main building of a proposed 44-storey serviced apartment project within a site off Jalan Hang Tuah and Jalan Pudu here. Kerjaya Prospek said BBCC is a JV co set up by the EPF, UDA Holdings Bhd and Eco World Development Group Bhd. According to Kerjaya Prospek, Kerjaya Bina today accepted the contract's letter of award from BBCC.

TCS Group Holdings Bhd has won an infrastructure job worth RM177.19 million for the final section of the West Coast Expressway from WCE Holdings Bhd. The group announced that its wholly-owned subsidiary TCS Infra Sdn Bhd (TCSI) today accepted a letter of acceptance from WCE unit, KEB Builders Sdn Bhd.

MMC Corp Bhd is selling 11.07 acres of vacant industrial land at Senai Airport City (SAC) to Shengda New Energy Sdn Bhd (SNESB) for RM24.1 million. The group said the land was sold via Senai Airport City Sdn Bhd (SACSB), a wholly-owned unit of Senai Airport Terminal Services Sdn Bhd, which in turn is wholly-owned by MMC.

Menang Corp Bhd is undertaking a private placement to raise RM21.4 million in order to repay some of its debts. The company announced that it would be placing 48.08 million shares or 10% of its share capital to third party investors at an indicative issuance price of 44.5 sen.

Integrated facilities management service provider GFM Services Bhd has proposed a private placement of up to 20% of its issued shares to raise up to RM47.49 million, which will mainly be used for the group’s working capital and new business opportunity. The shares will be placed to third party investors at an issue price that will be fixed at a later date.

Snack product manufacturer Cocoaland Holdings Bhd has proposed to undertake a bonus issue of 228.8 million shares on the basis of one bonus share for every one existing share held on a date to be announced later. It said the bonus issue serves to reward the shareholders for their loyalty and continued support to the group.

Meanwhile, integrated chemicals and lubricants distributor Samchem Holdings Bhd has also proposed a bonus issue of 272 million shares on the basis of one bonus share for every share held on an entitlement date to be announced later.






Related Stocks

AIRPORT 5.500
COCOLND 1.990
ECOWLD 0.645
GFM 0.320
IGBB 2.820
KERJAYA 1.320
MENANG 0.455
MMCCORP 1.150
SAMCHEM 1.850
TCS 0.530
TFP-WB 0.145
WCEHB 0.460

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