CORPORATE

Kenanga Issues Pestech and MHB Warrants For The First Time 

 |  Tuesday, 31 October 2017 16:21  |  Published in CORPORATE

Kenanga Investment Bank Bhd under its NagaWarrants umbrella brand is issuing 10 new European style cash-settled call warrants to meet investors’ demand for trading opportunities and leveraged products. 

This new series offers warrants on familiar names such as Ann Joo Resources Berhad, Inari Amertron Berhad and Petronas Chemicals Group Berhad, while offering Kenanga warrants on Pestech International Berhad and Malaysia Marine and Heavy Engineering Holdings Berhad for the first-time. 

RHB Islamic Provides Total E-Solutions To PBT Pengerang

 |  Tuesday, 31 October 2017 16:18  |  Published in CORPORATE

RHB Islamic Bank Bhdn has signed a strategic partnership with PBT Pengerang to provide total e-solutions in managing its payment and collection services. The partnership will boost PBT Pengerang’s capabilities to enable it to tap into new business opportunities. 

“RHB Islamic is honoured to be the first cashless solution provider for PBT Pengerang. Through this collaboration, RHB Islamic will be able to provide local businesses and vendors of Bandar Penawar a simple, fast and seamless banking. We will continuously work towards providing our customers with innovative financial solutions to meet their business needs,” said Datuk Adissadikin Ali, Managing Director, RHB Islamic Bank.

Boustead Plantations Investing RM750 million in Land Expansion

 |  Tuesday, 31 October 2017 16:16  |  Published in CORPORATE

Boustead Plantations Berhad (BPB) moved further towards the expansion of its land bank today as it entered into a sales and purchase agreement for the acquisition of 42 parcels of land amounting to a total of approximately 11,600 hectares, located within the district of Labuk and Sugut, Sabah. 

The purchase consideration for the land is RM750 million, derived at on a willing-buyer willing-seller basis after taking into consideration the market value of the land as appraised by independent valuers. The purchase consideration represents a discount of RM10 million or 1.3% from the market value of the plantation assets of RM760 million. The land will be acquired by BPB’s wholly-owned subsidiary, Boustead Rimba Nilai Sdn Bhd.

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