Scientex Packaging (Ayer Keroh) has also reported a higher net profit, with an increase by 25% for the first quarter ended Oct 31, 2022, as revenue grew amid higher demand in both domestic and export sales, while lower raw material prices boosted margin.
LB Aluminium Bhd has reported its net profit to have increased 81% year-on-year for the second quarter ended Oct 31, 2022, thanks to higher average selling prices and improved margin in its aluminium products segment.
Jiankun said FiveStar is seeking the payment of RM12.98 million in unpaid sums owed by Jiankun’s unit JKI Development Sdn Bhd pursuant to the joint venture agreement dated July 28, 2015, and a supplementary agreement dated Oct 5, 2016.
Jiankun International Bhd’s unit has been slapped with a notice of demand from Fivestar Development (Puchong) Sdn Bhd for RM12.98 million linked to a joint venture agreement for the development of a residential property in Petaling, Selangor
Nov 17, DNeX announced that its wholly-owned unit, DNeX Semiconductor Sdn Bhd, had issued and served a notice of arbitration to commence arbitration proceedings against Mimastronics Technologies Co Ltd (Mimas), with the issue being that one of the conditions for DNeX’s acquisition of SilTerra was that SilTerra had to be 55%-owned by a Malaysian entity or its manufacturing licence would be revoked.
JV company owned 90% by MN Power and 10% by Zafas . will undertake the dismantling, replacement and commissioning of primary and secondary equipment, and power cables of the gas-insulated substation in Bayan Baru.
MN Power Transmission Sdn Bhd, and joint venture (JV) partner Zafas Sdn Bhd has been appointed by TNB as the main contractors of the gas-insulated substation in situ replacement project, and the contract entails the completion in 790 days
the exercise is aimed at forming a separate publicly-quoted aviation group, comprising six airlines — four short-haul Asean airlines and two medium-haul airlines, namely AirAsia, Thai AirAsia, AirAsia Indonesia, AirAsia Philippines, AirAsia X and Thai AirAsia X.
Capital A Bhd has issued a clarification that the proposed plan announced recently is not a merger of AirAsia Bhd and AirAsia X Bhd, but a potential disposal of Capital A’s aviation assets to AirAsia X.