Top Glove, TCS Group, Bina Puri, Sunsuria, K-One, Trive Property and Kerjaya Prospek
KUALA LUMPUR (Oct 7): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Oct 8) include Top Glove Corp Bhd, TCS Group Holdings Bhd, Bina Puri Holdings Bhd, Sunsuria Bhd, K-One Technology Bhd, Trive Property Group Bhd and Kerjaya Prospek Property Bhd.
Top Glove Corp Bhd will start paying dividends on a quarterly basis starting from the financial year ending Aug 31, 2021 (FY21). A special dividend is also possible as the group moves away from its existing semi-annual payout scheme.
TCS Group Holdings Bhd’s wholly-owned subsidiary TCS Construction Sdn Bhd has bagged an RM323 million contract for M Arisa, a serviced apartment project at Setapak. The project, whose construction works will be over a period of 36 months, comprises two blocks of 57-storey suite apartments with a 10-storey parking podium and one basement parking
Bina Puri Holdings Bhd‘s wholly-owned unit Bina Puri Sdn Bhd, via a joint venture company, has secured a 7.75 billion baht (RM1.04 billion) contract to build a portion of a planned high-speed railway that will link Thailand’s capital Bangkok to other parts of the country.
Sunsuria Bhd plans to issue up to RM500 million worth of Islamic medium term notes or sukuk wakalah that will be used to finance capital expenditure, working capital requirements and investments, as well as for general corporate purposes. The tenure of the Sukuk Wakalah Programme, which has been assigned a preliminary rating of A+IS with a stable outlook by Malaysian Rating Corp Bhd, will be up to 30 years.
K-One Technology Bhd has inked a licence agreement with UK-based medical technology firm Star Syringe Ltd to manufacture syringe safety needle caps in Malaysia for worldwide distribution. The group would be entitled to manufacture the syringe safety needle caps in Malaysia on an exclusive basis on condition that there will be a volume production of 100 million units per annum within the next 24 months.
Trive Property Group Bhd intends to raise up to RM63.77 million through a rights issue with warrants, mainly to repay its term loan and to fund the acquisition of the remaining 40% stake in a subsidiary, Avenue Escapade Sdn Bhd. It is also planning to consolidate every 25 of its shares into one share, which would result in an adjustment to its share price.
Kerjaya Prospek Property Bhd is buying a piece of vacant freehold land measuring 50,482 sq ft or 0.469 hectares in Kuala Lumpur for RM10 million. The group said the land will complement its existing Bloomsvale mixed development on Old Klang Road.
Source: TheEdgeMarkets