Bursa Malaysia announcement highlights
Tuesday, January 17th, 2012 Posted by in postPrestariang arm secures RM14m job
ICT service and education training provider Prestariang Bhd’s unit, Prestariang Systems Sdn Bhd (PSSB), has secured another contract for its 1CITIZEN Programme worth RM14 million.
The two-year contract is from the Ministry of Information Communications and Culture and the company expects to roll out the 1CITIZEN programme from Jan 1, 2012 to Dec 31, 2013.
Prestariang in a filing to Bursa Malaysia today said the programme is targeted at the community-at-large and shall cater for 40,000 participants to be educated and trained for digital literacy and Internet etiquette.
PSSB had in August last year, received a contract for RM28 million from the Ministry of Higher Education for the 1CITIZEN program.
That programme involved 80,000 students in 20 public institutions of higher learning, including universities, polytechnics and community colleges in Malaysia, as well as selected private institutions of higher learning. — Bernama
Willowglen unit wins 8.9mil contract
On behalf of the Board of Directors of Willowglen MSC Bhd (“the Company”), we are pleased to announce that the Company’s wholly-owned subsidiary, Willowglen Services Pte. Ltd., has been awarded a contract valued equivalent to about RM8,960,000 for the supply and installation of intruder detection system for 2500 distribution substations.
The contract is not renewable and will be completed by January 2014. The contract is expected to contribute to the Group’s earnings for the financial years ending 31 December 2012 and 2013.
The risk in respect of the contract are the normal business risks but they are expected to be manageable and not significant.
None of the directors and/or substantial shareholders of the Company or persons connected to the said directors and/or substantial shareholders have any interest, direct or indirect in the new contract awarded.
This announcement is dated 17 January 2012.
AmBank, ANZ ink pact to boost regional banking biz
KUALA LUMPUR (Jan 17): AMMB HOLDINGS BHD and Australia and New Zealand Banking Group Ltd (ANZ) have sealed a business principles agreement to leverage on their banking businesses across 27 countries.
In a joint statement issued on Tuesday, AmBank group and ANZ would access each other’s available resources to collaborate in areas of businesses which include Islamic banking, transaction banking and wealth management.
“The banks will also work together on capital markets, project finance and international trade transactions,” they said.
Group managing director, AmBank Group Cheah Tek Kuang described the agreement as a big step ahead in AmBank Group’s collaboration with ANZ “as we continue to leverage the synergies of a regional distribution platform and respective areas of expertise”.
ANZ CEO South & Southeast Asia Mark Robinson said the collaboration would see AmBank group complementing ANZ’s offerings across its network.
Bina Puri secures RM864m Pakistan job
The Board is pleased to announce that Bina Puri Pakistan (Private) Ltd., a subsidiary of Bina Puri Holdings Bhd. has entered into the concession agreement with the National Highway Authority, Islamabad, Pakistan on 16 January 2012 for the construction of the 136 km long motorway known as “Conversion of existing 4-lane Karachi-Hyderabad superhighway into 6-lane motorway (M-9)” on Built-Operate-Transfer (BOT) for contract value of PKR24.93 billion (equivalent to RM864 million). The concession period is 28 years. The construction cost amounts to PKR18.26 billion (equivalent to RM644 million) and the construction, upgrading and rehabilitation of the motorway is to be completed over 30 months. We expect groundbreaking to be sometime in March 2012.
The M-9 highway is the gateway to Pakistan as Karachi is the only port city in the country. We are working with our financiers towards achieving the financial close, which is six months from the signing of the concession agreement.
The Group’s current unbuilt book order stands at RM2.31 billion as at to date.
The contract is not expected to contribute positively to the earnings of Bina Puri Group for the financial year ending 31 December 2012.
Please note that no directors, major shareholders and/or persons connected with them have any interests, direct or indirect, in the above transaction.
Financial results:
TENAGA
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