KUALA LUMPUR: SIME DARBY BHD
shipyard and assets to RM530 million from the earlier RM560 million.Sime said on Aug 24 that the purchase consideration for the proposed acquisition would be RM530 million and "the final purchase consideration shall be mutually agreed by the parties within 14 days from today". The proposed acquisition involved the Ramunia yard which comprised of four parcels of leasehold land measuring 170 acres in Kota Tinggi, Johor and all the movable and immovable assets which forms part of and are located in the Ramunia yard, including plant and machinery, equipment, buildings, infrastructure and vehicles.
KUALA LUMPUR: GOH BAN HUAT BHD [
(GBH) single largest shareholder Tan Sri Tan Hau Choon or Robert Tan has revised upwards his offer price for the remaining GBH shares at RM1.50 apiece from the earlier RM1.25 per share.CIMB Investment Bank, which was acting on Tan's behalf, said on Aug 24 he had earlier acquired 11.23 million GBH shares or 18.14% for RM16.84 million at RM1.50 per share.The acquisition was via a direct business transaction, and this saw Tan's shareholding increase to more than 50% of the voting shares. The offer has become unconditional.Since the offer price has increased, Tan has also kept open his revised offer for acceptances until Sept 7, which is 14 days from the date of the notice of revised offer."Holders of the offer shares, who have accepted the offer price at the original offer price of RM1.25 per offer share will be entitled to receive the revised consideration of RM1.50 per offer share under the revised offer," it said.
shipyard and assets to RM530 million from the earlier RM560 million.Sime said on Aug 24 that the purchase consideration for the proposed acquisition would be RM530 million and "the final purchase consideration shall be mutually agreed by the parties within 14 days from today". The proposed acquisition involved the Ramunia yard which comprised of four parcels of leasehold land measuring 170 acres in Kota Tinggi, Johor and all the movable and immovable assets which forms part of and are located in the Ramunia yard, including plant and machinery, equipment, buildings, infrastructure and vehicles.
KUALA LUMPUR: GOH BAN HUAT BHD [
(GBH) single largest shareholder Tan Sri Tan Hau Choon or Robert Tan has revised upwards his offer price for the remaining GBH shares at RM1.50 apiece from the earlier RM1.25 per share.CIMB Investment Bank, which was acting on Tan's behalf, said on Aug 24 he had earlier acquired 11.23 million GBH shares or 18.14% for RM16.84 million at RM1.50 per share.The acquisition was via a direct business transaction, and this saw Tan's shareholding increase to more than 50% of the voting shares. The offer has become unconditional.Since the offer price has increased, Tan has also kept open his revised offer for acceptances until Sept 7, which is 14 days from the date of the notice of revised offer."Holders of the offer shares, who have accepted the offer price at the original offer price of RM1.25 per offer share will be entitled to receive the revised consideration of RM1.50 per offer share under the revised offer," it said.
KUALA LUMPUR: COASTAL CONTRACTS BHD reported a 50.7% in earnings to RM32.97 million for the second quarter ended June 30 from RM21.87 million a year ago, underpinned by its shipbuilding and ship repair business.The company said on Aug 24 revenue rose 19.6% to RM94.94 million from RM79.35 million while earnings per share were 9.31 sen compared with 6.23 sen. Coastal Contracts said its main core business, shipbuilding and repairs saw a 22% increase in revenue from RM73.2 million, bolstered by higher progressive revenue recognised from the CONSTRUCTION [] of offshore support vessels (OSVs) and delivery of higher value vessels in 2Q.When compared with 1Q, the division generated revenue of RM89.6 million, up by 20% from RM74.9 million in 1Q. This was mainly due to the higher number of OSVs delivered in 2Q.For the first half, net profit rose 41.8% to RM60.73 million from RM42.83 million while revenue rose 2.8% to RM175.1 million from RM170.22 million.
KUALA LUMPUR: RHB CAPITAL BHD
net profit rose 11% to RM301.53 million in the second quarter ended June 30, 2009 from RM271.07 million a year ago, underpinned by its Islamic banking business.It said on Aug 24 that revenue fell 10.7% to RM1.337 billion from RM1.498 billion. Earnings per share were 14 sen versus 12.60 sen.For the first half, net profit rose to RM530.17 million from RM493.49 million while revenue declined to RM2.69 billion from RM3 billion.RHB Cap said for 2Q, it made a pretax of RM400.1 million, up 27% from RM315.0 million in 1Q ended 31 March 2009. "The higher profit was mainly due to higher net interest income by RM20.8 million, higher income from Islamic banking business by RM40.8 million, higher other operating income by RM19.1 million and lower other operating expenses by RM40.1 million; partly offset by higher allowance for losses on loans and financing by RM17.4 million and lower reversal of impairment loss by RM18.3 million," it said.For 1H, pretax profit was RM715.1 million, up 6% from the previous corresponding period of RM671.8 million, mainly due to higher net interest income by RM77.7 million, higher income from Islamic banking business by RM35.0 million and higher reversal of impairment loss by RM10.4 million.However, this was partly offset by higher allowance for losses on loans and financing by RM61.5 million, lower other operating income by RM11.2 million and higher other operating expenses by RM6.8 million.
net profit rose 11% to RM301.53 million in the second quarter ended June 30, 2009 from RM271.07 million a year ago, underpinned by its Islamic banking business.It said on Aug 24 that revenue fell 10.7% to RM1.337 billion from RM1.498 billion. Earnings per share were 14 sen versus 12.60 sen.For the first half, net profit rose to RM530.17 million from RM493.49 million while revenue declined to RM2.69 billion from RM3 billion.RHB Cap said for 2Q, it made a pretax of RM400.1 million, up 27% from RM315.0 million in 1Q ended 31 March 2009. "The higher profit was mainly due to higher net interest income by RM20.8 million, higher income from Islamic banking business by RM40.8 million, higher other operating income by RM19.1 million and lower other operating expenses by RM40.1 million; partly offset by higher allowance for losses on loans and financing by RM17.4 million and lower reversal of impairment loss by RM18.3 million," it said.For 1H, pretax profit was RM715.1 million, up 6% from the previous corresponding period of RM671.8 million, mainly due to higher net interest income by RM77.7 million, higher income from Islamic banking business by RM35.0 million and higher reversal of impairment loss by RM10.4 million.However, this was partly offset by higher allowance for losses on loans and financing by RM61.5 million, lower other operating income by RM11.2 million and higher other operating expenses by RM6.8 million.