06 December 2011
Hiap Teck Ventures: Hiap Teck gets Terengganu iron ore mining concession. Hiap Teck Ventures Bhd's (HTVB) 55%-owned subsidiary Eastern Steel Sdn Bhd would be given a 600ha mining concession for iron ore in Bukit Besi, Terengganu, according to Terengganu Mentri Besar Datuk Seri Ahmad Said. The 2,400ha Bukit Besi area is believed to hold 50m tonnes of iron ore reserves, which has the highest quality in Malaysia at 70% Fe (iron). (Source: The Star)
MAHB: KLIA among world's top five next year. MAHB has targeted to make KL International Airport (KLIA) among the world's top five airports in 2012. The airport operator also aimed to achieve earnings before interest, tax, depreciation and amortization of RM822m and a return on equity of 10.42 per cent next year. Those are the targets set by MAHB in its headline key performance indicators (KPIs) for 2012 announced yesterday. (Source: Business Times)
Proton: Three-way bid for Proton stake. As many as three parties have submitted a bid to Khazanah Nasional Bhd yesterday to seek control of Proton Holdings Bhd, and it is believed that the bidders are Tan Sri Syed Mokhtar AlBukhary's DRB-HICOM Bhd, several key shareholders linked to the Naza Group and Proton chairman Datuk Mohd Nadzmi Mohd Salleh. The bids were in the range of between RM6 and RM7 a share according to the party directly involved in the bidding process. (Source: Business Times)
Hua Yang: To offer more affordable houses in Perak township. Hua Yang Bhd's biggest lakeside township development in Perak, Bandar Universiti Seri Iskandar, will be offering more affordable houses by building 137 units of the Tropika and Casa Series, which are essentially double-storey terrace houses. The company will also launch 123 units of retail shops with a pedestrian mall concept near the Tesco Superstore in 2012. (Source: Business Times)
Telecommunication: All nine telecoms players given smaller blocks of 4G spectrum. All the nine telecoms players have again been allocated blocks of the 2.6Ghz although in smaller blocks than originally announced. However, the real winner this time around is newcomer Puncak Semangat Sdn Bhd as it was allocated the biggest bite of 30Mhz of the fourth generation (4G) spectrum. (Source: The Star)
(Information from MBB)
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