KUALA LUMPUR (Dec 18): There are jobs in the pipeline for companies that are involved in the water treatment-related business.
Pengurusan Air Selangor Sdn Bhd (Air Selangor) will call for tenders for the first phase of the Rasau water treatment plant valued at about RM4 billion next year, according to its CEO Suhaimi Kamaralzaman.
Among the public-listed companies with expertise in water treatment plants are Salcon Bhd, Taliworks Corp Bhd, and Selangor State government-controlled Kumpulan Perangsang Selangor Bhd (KPS).
Rimbunan Sawit: Sells Sarawak plantation land to WTK for RM85m cash. Rimbunan Sawit is selling plantation land measuring 4,698.2 hectares to WTK Holdings for RM85m cash. Rimbunan Sawit is expecting to make a gain of RM900,000 from the disposal. The cash proceeds from the proposed disposal is to bring down short term bank borrowings and to strengthen the group’s cash flow position (The Edge)
On behalf of the Board of Directors (“Board”) of ARRM, the management company of AmanahRaya REIT, MIDF Amanah Investment Bank Berhad (“MIDF Investment”) wishes to announce that the existing shareholder of ARRM, namely ARB had on 19 December 2016 entered into the following agreements with KDA Capital: (a) Share Sale Agreement between ARB and KDA Capital in respect of the proposed disposal by ARB of 735,000 ordinary shares of RM1.00 each in ARRM equivalent to 49% shareholdings in ARRM to KDA Capital for a cash consideration of RM5,145,000 only (“SSA”); and (b) Shareholders Agreement between ARB and KDA Capital to regulate the relationship between ARB and KDA Capital as shareholders of ARRM (“Shareholders Agreement”); and (c) REIT Unit Sale Agreement between ARB and KDA Capital in respect of the proposed purchase of 85,982,979 REIT units representing 15% of AmanahRaya REIT’s units from ARB by KDA Capital at RM1.00 per REIT unit equivalent to RM85,982,979 by way of Direct Business Transaction subject to the approval of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“REIT Unit Sale Agreement”)
Loss before taxation increased to RM31.6 million compared to RM5.2mil pre-tax loss recorded in 2014’s corresponding quarter. This was mainly due to higher administrative cost resulted from the provision of impairment loss amounting to RM19.69 million on investment in an associate, which was required in tandem with the low average FFB price in 2015 can anyone know... which "impairment loss amounting to RM19.69 million on investment in an associate" do they refer here ,,,