Lion Group: Tan Sri Rafidah Aziz is expected to be named Megasteel Sdn Bhd’s new chairman as the company seeks an additional 35% duty of imported HRC, which currently have zero duty when imported from within Asean. If sourced elsewhere, a 25% tariff is levied.
One of the key electricity transmission projects in Sarawak is the 500kV Bunut-Kuching line, which will connect all the smaller transmission lines there. SCB is part of a consortium bidding for the roughly rm2.5 billion job to build transmission lines and substations on the 600 km line. The consortium has reached the pre qualification stage and that the winner will be announced later 2011.
Genting Bhd bought some 2.63 million shares at between RM10.02 a share and RM10.22 a share. In total, Genting spent more than RM26.8 million to buy back its own shares in 09 Aug 2011. IOI Corp Bhd bought 1.77 million of its own shares at between RM4.68 and RM4.81 a piece. In total, the company had spent some RM8.4 million in 09 Aug 2011.
YTL Power: The Employees Provident Fund (EPF), the second largest shareholder of YTL Power, disposed of 30.13 million shares from June 30 up to Aug 4 2011.Filings with Bursa Malaysia showed the EPF’s stake was reduced to 729.17 million shares or 10.09% from 759.31 million units or 10.51%. The 30.13 million shares accounted for 0.42%. The share price was trading from RM2.20 to RM1.97 as at Aug 4 2011. The largest shareholder is YTL Corp with 44.98% or 3.275 billion shares.
One of the key electricity transmission projects in Sarawak is the 500kV Bunut-Kuching line, which will connect all the smaller transmission lines there. SCB is part of a consortium bidding for the roughly rm2.5 billion job to build transmission lines and substations on the 600 km line. The consortium has reached the pre qualification stage and that the winner will be announced later 2011.
Genting Bhd bought some 2.63 million shares at between RM10.02 a share and RM10.22 a share. In total, Genting spent more than RM26.8 million to buy back its own shares in 09 Aug 2011. IOI Corp Bhd bought 1.77 million of its own shares at between RM4.68 and RM4.81 a piece. In total, the company had spent some RM8.4 million in 09 Aug 2011.
YTL Power: The Employees Provident Fund (EPF), the second largest shareholder of YTL Power, disposed of 30.13 million shares from June 30 up to Aug 4 2011.Filings with Bursa Malaysia showed the EPF’s stake was reduced to 729.17 million shares or 10.09% from 759.31 million units or 10.51%. The 30.13 million shares accounted for 0.42%. The share price was trading from RM2.20 to RM1.97 as at Aug 4 2011. The largest shareholder is YTL Corp with 44.98% or 3.275 billion shares.
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