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The week that was - Eco World, Pharmaniaga, LNG, semicounductors


Eco World drops merger plan with UEM Sunrise
ECO World Development Bhd on Wednesday abandoned merger talks with UEM Sunrise Bhd, as its chairman Tan Sri Liew Kee Sin said the developer is seeking to pursue its own business plan.
He also cited the current challenging market condition and the re-implementation of the movement control order (MCO) as reasons for Eco World to continue on its own.
“The cessation of talks on the proposed merger will enable EcoWorld Malaysia to actively pursue other corporate proposals that may be more complementary to our present growth plans and strategies, ” Liew said.
The company, he said, remained open to the possibility of future collaborations with UEM Sunrise, should another opportunity arises. ....

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Trading ideas: Pharmaniaga, MTD ACPI, Mulpha International, AirAsia, Gas Malaysia


are among the stocks to watch on Wednesday, according to JF Apex Research.
Pharmaniaga is partnering with China s Sinovac Life Sciences Co Ltd for the supply of 14 million doses of Covid-19 vaccine in Malaysia.
Pharmaniaga expects the vaccine to be distributed to the public by the end of March, according to managing director Datuk Zulkarnain Md Eusope.
Under the deal, Pharmaniaga will carry out the fill and finish process of the vaccine developed by Sinovac.
MTD ACPI Engineering has won a RM33.44mil construction contract from the Public Works Department in Pahang.
Mulpha International s wholly-owned unit Mulpha Australia (Holdings) Pty Ltd has accepted a syndicated credit facility of A$342mil (RM1.07bil) from Oversea-Chinese Banking Corp Ltd and United Overseas Bank Ltd in Australia to finance the refurbishment works at InterContinental Sydney Hotel and to refinance its existing borrowings. ....

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Pharmaniaga to produce Sinovac Covid-19 vaccines


The vaccine would be the first to be manufactured in Malaysia at the small volume injectable high-tech plant owned by Pharmaniaga’s wholly-owned subsidiary, Pharmaniaga LifeSciences Sdn Bhd, in Puchong, Selangor, Pharma Niaga MD Zulkarnain Md Eusope told reporters after the signing of an agreement between pharmaniaga and Sinovac Life Sciences Co Ltd yesterday.
KUALA LUMPUR: Phamaniaga Bhd has the capacity to manufacture two million doses of Covid-19 vaccine developed by China’s Sinovac Life Sciences Co Ltd per month beginning March this year.
Group managing director Datuk Zulkarnain Md Eusope said the vaccine would be the first to be manufactured in Malaysia at the small volume injectable high-tech plant owned by Pharmaniaga ....

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