Swift Energy wins first EPCC project for Johor gas plant substation
The substation contract forms part of purchase orders worth RM59.07 million in total, with completion expected within 21 months from the Letter of Award.
Bursa Malaysia announcements, listings, company results and market news.
The substation contract forms part of purchase orders worth RM59.07 million in total, with completion expected within 21 months from the Letter of Award.
Ocean Vantage intends to buy the remaining 13.33% stake for RM2 million under a separate, inter-conditional transaction.
Mercury Securities values the company at RM4.13 per share, but says limited trading and a premium to past prices support accepting the offer.
Ng’s acting appointment began on Oct 1, with her executive director role at RAM Ratings effective Oct 15.
The agreement covers 165 million offer units, while the full IPO comprises up to 2.2 billion units.
The Port Dickson project covers core and shell electrical infrastructure, with completion scheduled for the first quarter of 2028.
Analysts see selective opportunities in domestically focused sectors, but Maybank Investment Bank considers a broad market rally less likely.
Gamuda Engineering awarded the work for a project in Port Dickson, with completion scheduled for the first quarter of 2028.
The benchmark gained 7.87 points at midday, with Budget 2027 optimism and selective bargain hunting supporting sentiment.
AirAsia aims to raise up to US$1 billion through international debt markets and obtain RM700 million in local credit facilities, mainly to refinance debt.