KUALA LUMPUR (March 1): Uzma Bhd is acquiring stakes in two renewable energy (RE) companies for RM5.39 million in a bid to enter the RE sector with a primary focus on solar energy.
In a filing today, Uzma said it has entered into a conditional share sale agreement with Mohd Syahrul Nizar Abdul Ghani to acquire a 49% stake in Suria Infiniti Sdn Bhd and a 100% stake in Mahendran Surya Innovations Sdn Bhd.
Suria Infiniti specialises in RE and energy efficiency by means of solar photovoltaic and wind system, energy efficiency products, and sustainability reporting by establishing necessary frameworks as well as monitoring and reporting of carbon footprint , said Uzma.
KUALA LUMPUR (March 1): Based on corporate announcements and news flow today, companies in focus on Tuesday (March 2) may include AMMB Holdings Bhd, HeiTech Padu Bhd, Pharmaniaga Bhd, Top Glove Corp Bhd, Advancon Holdings Bhd, Sime Darby Plantation Bhd and Uzma Bhd.
AMMB Holdings Bhd’s net profit for the third quarter ended Dec 31, 2020 (3QFY21) fell 30.96% to RM263.83 million from RM382.15 million a year ago, due to higher allowance for impairment on loans, advances and financing. The banking group’s quarterly revenue also slipped 11.81% to RM2.09 billion, from RM2.37 billion a year ago, its filing to Bursa Malaysia showed. AMMB did not declare any dividend for the latest quarter.