they delay and delay and delay ha .... WB holders mati loh! shar price cannot rise above 1.00, while maturity approaching .... become toilet paper .....
after AGM, there is no other approval needed, (some co. even announce immediately, the same date publish the AGM outcome!) .... but they still don want to announce, what game they are playing is very obvious!!
you all still don want to sell yr holding? u see what happen now! day by day, wk by wk ... now, going become month alrdy! at least hv to sell part of it lah .....
KUALA LUMPUR: Ireka Corporation Bhd’s (ICB) wholly-owned subsidiary, Ireka Engineering & Construction Sdn Bhd, has accepted a letter of award from Pantai Medical Centre Sdn Bhd worth RM60.74 million to complete unfinished refurbishment works at its facility in Jalan Bukit Pantai here.
In a filing to Bursa Malaysia, Ireka Corporation said the contract was expected to contribute positively to the group’s earnings for the financial years ending March 31, 2018 and March 31, 2019.
"The company does not foresee any exceptional risk other than normal operational risk associated with the contract,” it said.
Barring unforeseen circumstances, Ireka Corporation said the acceptance of the contract was in the best interest of the group. - Bernama
very rational manipulator ... when got good news, he manipulate a few sens up ... yesterday, i also sold some to him lah .... let him happy a bit lah .... 3 yrs ago cannot get @0.80, now can get @0.615! he should be happy and announcement the div .....
KUALA LUMPUR, 4 December 2017 – Ireka Corporation Berhad (“Ireka”) today announced that it had signed a Share Subscription Agreement and a Memorandum of Understanding (“MOU”) with CRRC Urban Traffic (Europe) Co Ltd (CRRC UT), a member of the China based CRRC Group to invest in Ireka and to establish a joint venture relationship between them. CRRC Group is the world’s largest manufacturer of rolling stock and rail related products and systems.
KUALA LUMPUR, 4 December 2017 – Ireka Corporation Berhad (“Ireka”) today announced that it had signed a Share Subscription Agreement and a Memorandum of Understanding (“MOU”) with CRRC Urban Traffic (Europe) Co Ltd (CRRC UT), a member of the China based CRRC Group to invest in Ireka and to establish a joint venture relationship between them. CRRC Group is the world’s largest manufacturer of rolling stock and rail related products and systems.
CRRC UT has taken up a strategic stake in Ireka and will emerge as a substantial shareholder, holding approximately an 8.48% equity interest in the Company upon completion of its share subscription. Together with the share subscription, Ireka and CRRC UT simultaneously signed an MOU to explore business opportunities in four key areas:
- Urban traffic solutions, tourism and infrastructure projects across Malaysia and South East Asia;
- Logistics, with the objective of supporting Chinese companies operating in Malaysia and South East Asia;
- Trading of construction and building materials to support Chinese companies operating in Malaysia and South East Asia; and
- Rail and infrastructure construction projects arising from China’s One Belt One Road initiative in Malaysia.
The Share Subscription Agreement and MOU are important milestone s for a long-term strategic collaboration between Ireka and the CRRC Group. It provides a platform for both parties to leverage on each other's technical knowledge, expertise and experience for expansion and growth in these four areas. Ireka’s Board is confident that the investment from this joint venture will provide the ideal opportunity to diversify into a number of exciting new areas, in particular, urban traffic solutions and rail infrastructure related projects.
The partnership with CRRC UT will see Ireka venturing into a new business direction that is in line with Malaysia’s Economic Transformation Programme, to upgrade the country’s public transportation and infrastructure system with the aim to increase modal share of public transport to 40% by 2030. Ireka envisages this partnership with CRRC UT to provide urban traffic solutions to develop efficient integrated public transport systems will contribute positively to this goal.
A giant for the railway transportation industry in the world, the CRRC Group already has a presence in Malaysia and is an active player in the country’s rail industry through its supply of contracts for the LRT System, Express Rail Link and KTM Komuter. Ireka is ideally positioned to take on this new challenge because it has a fifty year track record in building a number of major national infrastructure projects. Ireka played a significant part in the construction of notable projects like the North-South Highways, KLIA International Airport, Cheras-Kajang Highway and the most recent MRT1 Package V7.
Commenting on the partnership, Ireka’s Group Managing Director, Datuk Lai Voon Hon said, “We are particularly pleased to welcome CRRC UT as our new strategic shareholder in the Company. The stake that CRRC UT has invested in Ireka and the upcoming joint venture is another great step forward for our Company’s growth. I am also proud that CRRC UT has selected Ireka as a trusted partner to grow their presence in Malaysia and South East Asia; and we are delighted to have a financially strong partner in the world’s largest manufacturer of rail rolling stock and urban transportation products. There is no doubt that CRRC’s technical know-how and our wide business network accumulated over the last 50 years will complement each other well. We will now begin working earnestly on our partnership plans to explore exciting business opportunities.”
Good timing for Ireka to collaborate with CRRC to explore business opportunities in South East Asia considering the huge market of South East Asia for construction companies:
Ireka Corporation Berhad (“Ireka” or “the Company”) wishes to announce that Bursa Malaysia Securities Berhad has approved its request for suspension of trading in the securities of the Company until 5.00 p.m. on 24 January 2018.
The request for suspension is in view of the pending release of a material announcement.
CRRC UT, STO EXPRESS AND IREKA ESTABLISH FORMAL WORKING RELATIONSHIP FOR FUTURE DEVELOPMENTS
KUALA LUMPUR, 24 January 2018 – Ireka Corporation Berhad (“Ireka”), CRRC Urban Traffic Co Ltd (CRRC UT) and STO Express Co Ltd (STO) today signed a Memorandum of Understanding (“MOU”) to establish collaborative working between them.
CRRC UT is a member of the China based CRRC Group and is the world’s largest manufacturer of rolling stock, rail and transportation related products and systems. On December 4, 2017, CRRC UT also took up a strategic stake in Ireka, emerging as a substantial shareholder, holding approximately an 8.48% equity interest in the Company. At the same time a complementary MOU was signed with Ireka to exclusively pursue, among others, urban transportation and logistics business areas.
STO is China’s largest integrated logistics services company, focusing on express delivery of courier items.
The MOU signed today between Ireka, CRRC UT and STO establishes a formal and exclusive working relationship to cover the Logistics business area focusing on:
- Investment and development of logistics warehouses, distribution centres and other ancillary real estate facilities to support STO’s business expansion in Malaysia and South East Asia; and
- Investment and supply of infrastructure and equipment including logistics, commercial and special purpose vehicles to support STO’s business expansion in Malaysia and South East Asia.
STO has vast experience of supporting the exponential growth of e-commerce business in China over the last decade. STO’s expansion to the fast-growing South East Asia region is part of its continual growth plans in international markets. In March 2017, Malaysia launched its Digital Free Trade Zone (DFTZ), (the world’s first outside of China) where it will support internet companies to trade goods, provide services and cocreate solutions. It is also anticipated to create 60,000 jobs in the country by 2025. Ireka and CRRC UT will be STO’s exclusive partner in developing a strong support infrastructure for STO’s operations, both in terms of real estate, as well as in logistics and transport vehicles
For CRRC, a giant in the world’s railway transportation industry, they already have a presence in Malaysia and is an active player in the country’s rail industry through its supply of contracts for the LRT System, Express Rail Link and KTM Komuter. In its collaboration with Ireka, CRRC UT will be bringing the best of China’s green urban transportation technology to Malaysia to improve the latter’s urban traffic. This includes super-capacitor powered electric buses and the Autonomous-Rail Rapid Transit (ART) vehicles. The ART is a first of its kind people-mover that integrates the best of a conventional tram technology with that of a leading edge rail-less and autonomous driving technologies (see pictures). ART, already in operation in Zhuzhou, Hunan Province, China, and soon in other parts of China will also hopefully be on the roads of Malaysia in the near future. The partnership with CRRC UT will see Ireka venturing into a new business direction of urban transportation which is in line with Malaysia’s Economic Transformation Programme, to upgrade the country’s public transportation and infrastructure system.
The partnership of Ireka, CRRC UT and STO will create a strong strategic alliance that provides an important platform for this tri-partite relationship to leverage on each other's technical knowledge, expertise and experience for expansion and growth in Malaysia and South East Asia.
Commenting on the partnership, Ireka’s Group Managing Director, Datuk Lai Voon Hon said, “Ireka has a good track record of delivering what we have agreed to do and also in diversifying our operations. Over the last 50 years, we have successfully diversified and expanded from being in construction, to property development to real estate and to information technology. We are excited about diversifying into urban traffic solutions and rail infrastructure related projects; as well as into the world of logistics. I know that Ireka is ideally positioned to take on this new challenge because of our long track record and I am delighted that both CRRC and STO have selected us as a trusted partner to grow their presence in Malaysia and South East Asia.”
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2948 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Yang Addison
328 posts
Posted by Yang Addison > 2016-12-08 19:45 | Report Abuse
Who bought 0.65?