Mar22-Companies in the news UEM Edgenta, Kerjaya Prospek, SMTrack, Xin Hwa, Pesona Metro, TRC Synergy, Malakoff and Kumpulan Perangsang

by **Cals** Tue 22 Mar 2016, 01:39

Companies in the news

[size=28]UEM Edgenta, Kerjaya Prospek, SMTrack, Xin Hwa, Pesona Metro, TRC Synergy, Malakoff and Kumpulan Perangsang

By Ahmad Naqib Idris / theedgemarkets.com | March 21, 2016 : 8:45 PM MYT

KUALA LUMPUR (March 21): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Tuesday, March 22) could include the following: UEM Edgenta, Kerjaya Prospek, SMTrack, Xin Hwa, Pesona Metro, TRC Synergy, Malakoff and Kumpulan Perangsang.

UEM Edgenta Bhd has clinched a three-year biomedical engineering maintenance services contract worth RM91.8 million.

UEM Edgenta's unit Edgenta Healthtronics Sdn Bhd (EHSB) bagged the contract from Sedafiat Sdn Bhd (SSB). EHSB is a wholly-owned subsidiary of Edgenta Mediserve Sdn Bhd (EMS), which in turn is a wholly-owned unit of UEM Edgenta.

SSB is a 40% associated company of Edgenta Mediserve (Sabah) Sdn Bhd, which is in turn a wholly-owned subsidiary of EMS.

Kerjaya Prospek Group Bhd, formerly Fututech Bhd, has bagged a RM181.31 million contract from China Communications Construction Co (M) Sdn Bhd (CCCC) for dredging works pertaining to the second phase of the reclamation for Seri Tanjung Pinang development (STP 2) in Penang.

In a filing with Bursa Malaysia today, Kerjaya said its 70%-owned subsidiary, Future Rock Sdn Bhd, has accepted a letter of award from CCCC on its appointment as a subcontractor for the dredging works.

The contract comprises work for the dredging of access channel and channel for the STP 2 project, which is expected to commence within two weeks and due to be completed on March 18, 2018.

With the new contract, Kerjaya's orderbook now stands at approximately RM2.1 billion, compared to RM1.9 billion previously.

SMTrack Bhd has inked a memorandum of understanding (MoU) with Proemion GMBH to obtain the right to distribute the latter's products within Southeast Asia.

Proemion, a company incorporated and based in Germany, is an international supplier of telematics systems and CAN-Bus system components.

In a bourse filing today, SMTrack said the MoU is part of its plan to venture into new business activities abroad and thus, enhance its operations and revenue, adding that Proemion's business is also in line with SMTrack's, especially in the tracking system.

"The rationale for entering into the MoU is to leverage on the growth in Southeast Asia market, mainly in the plantation and food base, with wide usage of machineries and equipment, which in turn will provide huge market potential [to] Proemion's products and services," said SMTrack.

The radio frequency identification (RFID) solution specialist added that it will benefit from the expertise and technical know-how of Proemion as it is an established company with more than 20 years' experience.

Xin Hwa Holdings Bhd has bagged a RM24.9 million contract from Pelabuhan Tanjung Pelepas Sdn Bhd to supply labour, prime mover and trailer services for depot operation and inter-terminal transfer at Port of Tanjung Pelepas in Johor.

In a filing with Bursa Malaysia today, Xin Hwa said its wholly-owned subsidiary Xin Hwa Trading & Transport Sdn Bhd (XHTT) was awarded and accepted a contract from the port operator for the services.

The duration of the contract is five years, effective April 1 to March 31, 2021.

"The contract is expected to contribute positively towards the group's earnings and net assets per share for the financial year ending March 31, 2017," said Xin Hwa.

A joint venture involving Pesona Metro Holdings Bhd has bagged construction works for the proposed teaching hospital of Unversiti Sultan Zainal Abidin worth RM313.85 million.

Pesona Metro told Bursa Malaysia in a filing today it secured the contract through an unincorporated joint venture formed by its wholly-owned subsidiary Pesona Metro Sdn Bhd together with GPQ Sdn Bhd and Semarak Korporat Sdn Bhd.

GPQ is a subsidiary of Terengganu Incorporated Sdn Bhd and is involved in construction works.

According to Pesona Metro, the project is for a period of 182 weeks from the date of possession of site today. The group expects the contract to contribute positively to its earnings.

TRC Synergy Bhd's wholly-owned unit Trans Resources Corp Sdn Bhd has been awarded a B$78.8 million (RM231.15 million) contract by the Public Works Department, Ministry of Development Brunei Darussalam, relating to works for the Brunei International Airport.

In a filing to Bursa Malaysia today, the company said the award was in relation to the tender for the "Airfield Pavement Rehabilitation Works at Brunei International Airport-Phase 1" contract, jointly participated by TRC and Swee Sdn Bhd.

TRC said the project will commence on April 25, 2016, and is expected to be completed on Nov 24, 2017.

"Barring unforeseen circumstances, the board is of the opinion that the project will contribute positively to the earnings and earnings per share of the TRC Group in the future," said the company.

Malakoff Corp Bhd's 1,000MW ultra-supercritical coal-fired power plant (T4 Plant), located at Mukim Serkat, Tanjung Bin, Johor Darul Takzim, has successfully achieved its commercial operation date (COD) today.

With that, the total net effective generation capacity of the Malakoff Group in Malaysia has increased from 5,346MW to 6,346MW, said Malakoff in a bourse filing.

The T4 Plant was developed by Tanjung Bin Energy Sdn Bhd, a wholly-owned subsidiary of Malakoff. Tanjung Bin has a 25-year power purchase agreement with Tenaga Nasional Bhd, effective from the COD of the T4 plant.

"It expected that Tanjung Bin will contribute and enhance the profitability of Malakoff for the financial year ending Dec 31, 2016 and thereafter," added Malakoff.

Kumpulan Perangsang Selangor Bhd's wholly-owned subsidiary Nadi Biru Sdn Bhd has entered into a shareholders' agreement with Smartpipe Holdings Sdn Bhd and Smartpipe Technology Sdn Bhd (SPT) for the acquisition of a 51% equity stake in SPT.

The stake will be purchased for a consideration of RM5.1 million.

"The proposed investment provides Perangsang Selangor with the opportunity to participate in the non-revenue water (NRW) solution projects in the country.

"The proposed investment will also enable Perangsang Selangor to leverage on its past experience in the water industry, mainly in upstream segment," it said.

Following the completion of the purchase, Perangsang Selangor will be able to market, sell and install pipes and other products by Netherlands-based Wavin Overseas BV, which had granted SPT a licence to distribute its products
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