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EVD wins contracts worth RM19.5mil

KUALA LUMPUR: EVD Bhd’s wholly-owned subsidiary, EVD Engineering Sdn Bhd (EVE) has secured two contracts totalling RM19.5mil from Sing Foong Niap Engineering Sdn Bhd (SFN).

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Daya Materials bags RM23.86m sub-contractor job

PETALING JAYA: Daya Materials Bhd’s 51%-owned subsidiary Daya CMT Sdn Bhd today accepted a RM23.86 million project from Sing Foong Niap Engineering Sd...

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KNM, Kanger, SKP, Batu Kawan, CCM, Daya Materials, Samaiden, MESB, Seacera, AT Systemization, Notion-VTec, TNB, GenM and FGV

KUALA LUMPUR (Jan 15): Based on corporate announcements and news flow today, stocks that may be in focus on Monday (Jan 18) include: KNM Group Bhd, Kanger International Bhd, SKP Resources Bhd, Batu Kawan Bhd, Chemical Company of Malaysia Bhd (CCM), Daya Materials Bhd, Samaiden Group Bhd, MESB Bhd, Seacera Group Bhd, AT Systemization Bhd, Notion-VTec Bhd, Tenaga Nasional Bhd (TNB), Genting Malaysia Bhd (GenM) and FGV Holdings Bhd.
KNM Group Bhd plans to raise up to RM54.93 million via a private placement to pay off its bank borrowings and to fund some ongoing projects. The process equipment manufacturer aims to issue up to 10% of its share capital or 296.92 million shares, which will be placed out to third-party investors to be identified. It said RM20 million of the proceeds raised will be used to repay bank borrowings, while RM33.63 million will be used to procure raw materials, pay subcontractors and other related expenses for its ongoing contracts in Indonesia, Malaysia and Guyana.

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