AirAsia Bhd
(RM3.74/share)
CEO: Batavia deal is
still on
AirAsia CEO Aireen Omar said AirAsia Bhd’s acquisition of PT
Metro Batavia is still on track despite possible review over the deal due to
ownership concerns. A local Jakarta daily reported that the Indonesian
government may not approve the acquisition by AirAsia and its Indonesian
partner of local airline Batavia Air, if the transaction breaches the foreign
ownership limit in national airlines, a top government official has said.
AirAsia said in a statement on July 26 that it would hold a
49% stake in Metro Batavia Group with the 51% majority stake held by its
Indonesian partner, PT Fersindo Nusaperkasa to comply with Indonesian civil
aviation ownership regulations. Fersindo is also the 51% majority shareholder
of PT Indonesia AirAsia (IAA). According to the local report, the
transportation ministry’s air transportation director general, Herry Bhakti
Gumay, said AirAsia and its partner Fersindo, had yet to report their
acquisition to the ministry. – The Edge
Naim Holdings Bhd
(RM1.77/share)
Unit nets RM208m MRT
contract
Naim Holdings Bhd’s wholly-owned subsidiary, Naim
Engineering Sdn Bhd has received a RM208mil contract from Mass Rapid Transit
Corporation Sdn Bhd for the works packages under the Klang Valley Mass Rapid
Transit (MRT) project. Naim Holdings said that Naim Engineering will undertake
package S4 under the Sungai Buloh-Kajang MRT alignment, which involves the construction
of elevated stations and related works at Section 16, Pusat Bandar Damansara
and Semantan. – Business Times
Construction Sector
George Kent-Lion
Pacific JV gets LRT extension job
The Ampang light rail transit (LRT) line extension project
has been awarded to a joint venture between George Kent (M) Bhd and Lion
Pacific Sdn Bhd. Syarikat Prasarana Negara Bhd (SPNB) said with the award, it
had given out all work contracts under the LRT line extension project except
for the access card, which had yet to be tendered out.
SPNB said the joint venture was 100% locally-owned company,
and was well supported by reputable local and international multi-disciplinary
technical partners. The SPNB statement confirmed a StarBiz report in mid-July
which noted that George Kent had kept mum on whether it had been awarded the
contract for the extension of the RM960mil Ampang LRT project. The tender for
the project closed on June 16 last year. The George Kent consortium had one of
the highest bids, at RM1.13bil. - StarBiz
Source: AmeSecurities
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