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Pansar completes acquisition of Perbena Emas

Pansar subsidiary bags RM485 99mil construction contract in Sarawak

Pansar subsidiary bags RM485 99mil construction contract in Sarawak
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RLE poised to capitalise on rising oil prices

RLE s MD Wan Hassan says Petroliam Nasional Bhd has signalled that it was investing some RM40bil to RM55bil into capital expenditure (capex) over the next five years.“This development is indeed a good sign for us, ” he says THE continued rise in Brent Crude Oil prices is likely to restore and increase the fortunes of some companies operating in the oil and gas (O&G) space. Reservoir Link Energy (RLE) Bhd which was listed on the Ace Market of Bursa Malaysia on July 15 last year is poised to also be a beneficiary of strong oil prices. Executive director Thien Chiet Chai tells StarBizWeek that the journey of taking the company public was a long one.

Pansar to capitalise on Perbena Emas growth

Pansar to capitalise on Perbena Emas’ growth 09 Mar 2021 / 09:30 H. PETALING JAYA: Pansar Bhd expects Perbena Emas Sdn Bhd (PESB) to contribute long-term profitability to the group driven by the positive outlook in the construction and engineering sectors in Sarawak. The group had in September last year announced that it entered into a conditional share purchase agreement with PE Holdings Sdn Bhd to acquire 100% equity interest in the issued share capital of PESB for a purchase consideration of RM151 million. The company had later received the shareholders’ approval for the proposed acquisition on Dec 22 through an extraordinary general meeting. The acquisition serves as a strategic entry for the group into the construction industry, leveraging on PESB’s established track record.

Tashin, AYS, YKGI, Industronics, Sin Heng Chan, Samchem, Jade Marvel, Fajarbaru, CYL, KYM, Pansar, LB Aluminium

  Tashin Holdings Bhd up 5.5 sen to 47.5 sen AYS Ventures Bhd up 22.5 sen to 51 sen YKGI Holdings Bhd up nine sen to 26.5 sen Industronics Bhd up five sen to 54 sen   Sin Heng Chan (Malaya) Bhd up two sen to 58 sen Samchem Holdings Bhd up a sen to RM1.47 Jade Marvel Group Bhd up 12 sen to RM1.27 Fajarbaru Builder Group Bhd up 4.5 sen to 72.5 sen CYL Corp Bhd up 16.5 sen to 66.5 sen KYM Holdings Bhd up a sen to 40.5 sen Pansar Bhd up 2.5 sen to 78.5 sen LB Aluminium Bhd up 2.5 sen to 75 sen   The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

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