Gas Malaysia Bhd, which is being sued by MSM Malaysia Holdings Bhd over a disputed sum of RM10.32 million relating to gas supply to MSM Malaysia's sugar refinery unit in Johor, said it maintains its stand that it had acted in accordance with the gas supply agreement inked by the unit.
Here is a brief recap of some corporate announcements that made news on Friday (Nov 11) involving IHH Healthcare Bhd, Carlsberg Brewery Malaysia Bhd, Gas Malaysia Bhd, MSM Malaysia Holdings Bhd, Kelington Group Bhd, Muar Ban Lee Group Bhd, Pharmaniaga Bhd, Catcha Digital Media Bhd and MyEG Services Bhd.
MSM Malaysia Holdings Bhd has filed a lawsuit against Gas Malaysia Bhd over a disputed sum of RM10.32 million relating to gas supply to its wholly owned unit MSM Sugar Refinery (Johor) Sdn Bhd (MSM Johor).
PETALING JAYA: Gas Malaysia Bhd is set to face speed bumps in the near term, no thanks to the easing of global gas prices and softening demand from glove makers.
KUALA LUMPUR (Sept 20): Kenanga Research has downgraded Gas Malaysia Bhd (GasMsia) to “Market Perform” (MP) at RM3.50 with an unchanged target price (TP) of RM3.43 and said it was turning neutral on GasMsia following its strong share price performance of late, while a key re-rating catalyst, i.e.,soaring global gas prices boosting the retail margins of its non- regulated business, appear to have run its course.