AirAsia Bhd
(RM3.73/share)
AirAsia wants out
Low-cost carrier AirAsia Bhd wants to opt out of all
joint-venture agreements with national carrier Malaysia Airlines (MAS), a
source says. According to the source, AirAsia decided at a board meeting last
week that it would seek to terminate its agreements with MAS soon. A
termination of the memorandum of understandings (MOUs) between AirAsia Bhd and
MAS would effectively wipe out the remnants of a deal between Khazanah Nasional
Bhd and Tune Air Sdn Bhd that had gone awry. A supplemental agreement between
AirAsia and MAS instead took its place as part of a move to salvage its initial
collaboration plans. Two MOUs were signed on May 2 2012 whereby one was to
focus on the setting-up of a joint venture company to provide aircraft
component maintenance support and repair services. Another was for the establishment
of a special purpose vehicle by MAS, AirAsia and AirAsia X to improve value for
money and to increase competitiveness through procurement synergies.
The agreements between AirAsia and Malaysia allow for a
termination by mutual agreement anytime within a six-month period from the date
of the signing.– Business Times
Tanjung Offshore Bhd
(RM0.79/share)
Declares 35 sen
special dividend
Tanjung Offshore Bhd has declared a tax-exempt special
dividend, which will range from 35 sen to 44 sen a share. It said on Monday the
final tax-exempt special dividend per share would be determined and announced
on Aug 3 and the ex-date would be on Aug 9.
Tanjung Offshore said based on the paid-up (excluding 2.47
million treasury shares) as well as the outstanding 30.58 million warrants
2006/2016; 40.77 million warrants 2008/2013 and 3.98 million options under the
employees share option scheme as at June 29, the minimum and maximum amount of
tax-exempt special dividend would be 35 sen and 44 sen per share. – StarBiz
Telecommunication
Sector
At least six bidders
for digital TV broadcasting deal
At least six companies are expected to submit their business
plans to the Malaysian Communications and Multimedia Commission (MCMC) today,
to bid for the rights to be the common integrated infrastructure provider
(CIIP) for the rolling out of digital terrestrial television broadcasting (DTTB).
The entire cost of the project, including the cost of subsidising set-top
boxes, is expected to be around RM900mil (RM600mil rollout and RM300mil set-top
box).
Based on the market talk, companies that have expressed
interest in the DTTB job include Telekom Malaysia Bhd, Astro (Usaha Tegas),
Sapura, Celcom Axiata Bhd, Puncak Semangat Sdn Bhd and KUB Malaysia Bhd, with
Maxis Bhd, REDtone International Bhd and YTL Group also believed to be keen in
the job as well. The winner of the tender will build and operate the digital TV
broadcast infrastructure for DTTB services so that all broadcasters such as
RTM, Media Prima Bhd, Hijrah TV and others can ride on the infrastructure to
transmit their TV programmes, radio and other online contents. The identity of
the winner is likely to be announced by third quarter of next year. – Business
Times
Water Sector
PAAB snubs offer for
joint venture
Pengurusan Aset Air Bhd (PAAB) confirmed that MMC Group Bhd,
the flagship of the influential Tan Sri Syed Mokhtar Al-Bukhary, has made an
unsolicited offer for the two to establish a joint venture to own the country’s
water assets. PAAB confirmed that it attended a presentation on the possibility
of co-owning the water assets by executives from MMC. However, PAAB said it is
not seeking a partner to own the water assets.
PAAB also said that there was no deadline given for it to revert to MMC
on its offer. – The Edge
Source: AmeSecurities
No comments:
Post a Comment