Market Snippets

Genting Malaysia sole surviving bid for NYC racino project

The company is the sole surviving bidder for the license todevelop and operate a video lottery facility in NYC’s Aqueduct project following the disqualification of 2 otherproposals.

Kencana wins RM201m job

Kencana said it won a contract worth RM201m from Newfield Peninsula Malaysia Inc. The contract is one-off in nature and is expected to contribute positively to the company’s earnings for the next 2 financial years (ending July).

Buyout offer for M3nergy extended

The takeover offer for M3nergy has been extended again from 25 June to 3 Aug. Adamus Avenue is seeking to take the company private for RM1.85/share.

MTD ACPI land sale for RM8.23m

The company announced that it had entered into a SPA to dispose of a 1.39ha piece of freehold land zoned for commercial development in Sepang for RM8.23m. The company will realize a net gain of RM1.33m from the sale.

Axiata announced new appointments

Axiata announced the appointment of Donald James Rae as its new SVP for Group Business Development. Donald James Rae has had 20 years of experience in telecommunications. Axiata also appointed Eric Chong, as Hello Axiata’s Chief Marketing Officer and Suresh Sidhu as Sri Lanka’s Chief Officer.