AirAsia Bhd
(RM3.51/share)
Plan to list
AirAsia X or Indonesian unit this year
Low-cost carrier AirAsia Bhd group chief executive officer
Tan Sri Tony Fernandes said it might list AirAsia X or AirAsia Indonesia by
year end or by the first quarter of next year. He said the listing of AirAsia
Indonesia is on track, but the company needs about six months’ gap, as it had
launched the listing of its other subsidiary, AirAsia Thailand recently. He
added that in between, they may list AirAsia X. AirAsia had an initial public
offering of AirAsia Thailand last week, which received strong demand for its
shares. Meanwhile, speaking on AirAsia’s operational centre, Fernandes said
Malaysia is still the place to be despite its move to aggressively tap the vast
Indonesian market that has a very promising business opportunity for the company. –Business Times
Alam Maritim
Resources Bhd (RM0.495/share)
Jointly controlled
firm inks MoA to buy work barge for RM94.65m
Alam Maritim Resources Bhd’s jointly controlled company Alam
Radiance (L) Inc has inked a memorandum of agreement with Pacific Crest Pte Ldt
to acquire a 402 Men/100 M accommodation work barge for US$31.6mil (RM94.7mil)
as part of its fleet expansion plan. In a filing Monday, Alam Maritim said the
acquisition was in line with the fleet expansion plan of the Group’s core
business in providing marine support services to the offshore oil and gas
facilities. The company said the work barge, to be named Crest Station 3, is
expected to serve a contract with Exxonmobil Exploration and Production
Malaysia Inc. Alam Maritim said the acquisition would be financed via
internally generated funds. – The Edge
YTL Power
International Bhd (RM1.61/share)
YTL Comms,
Asiaspace to roll out mobile broadband
YTL Communications Sdn Bhd and Asiaspace Sdn Bhd have signed
a collaborative agreement to roll out mobile broadband services on the 2.3GHz
spectrum, sources familiar with the matter told The Edge yesterday. The source
said the agreement between the two companies will include the sharing of
infrastructure. This move is in line with the current trend in the
telecommunications sector where the number of tie-ups between players is
increasing. The source said the agreement is using the existing 2.3 GHz
spectrum, which is used to provide wireless technology services. It may
eventually provide a stepping stone to collaborating on the 2.6GHz 4G/LTE
spectrum, which will be made available for commercial use from next year
onwards. YTL Communications is 60% controlled by YTL Power International Bhd. –
The Edge
Construction Sector
MRT makes public
tender evaluation process for KVMRT
Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) made
public their tender evaluation process for the acquisition of the rolling stock
of Klang Valley Mass Rapid Transit (KVMRT) line. The move was made in view of
the high level of interest in the bid, and also in line with the company’s
emphasis on transparency for its procurement process. MRT Corp chief executive
officer Datuk Azhar Abdul Hamid said by revealing the criteria the government
has imposed, Malaysians will be able to see that stringent steps are being
taken to ensure that the best companies are selected to supply the electric
trains for MRT line. Azhar said that when tenders close on June 11, all bidders
will be subjected to a fourstage evaluation process. Bidders must get through
one stage to qualify for the next one. - Business Times
Source: AmeSecurities
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