JCY … Investors could be turned off by recent highly publicized foreign workers protests at JCY’s plant in Tebrau industrial area in Johor. Market response to the protests was very much delayed given that the incident occurred on Aug 15 2010. The production has resumed shortly after. The issues were resolved with the workers returning to work. JCY ED: No material impact on business and operational impact minimal.
Swee Joo announced a loan default that puts the company under PN17 status as well as another quarterly loss.
Linear is beginning to see some light at the end of the tunnel after the appointment of three new directors who are planning to put the company back on its feet again. Previous white knight who owend 19.92% stake in Linear has sold his stake to this new white knight some three weeks ago. The transaction price is not known.
Samsung-Naim JV, a joint venture between its subsidiary NCSB Engineering Sdn Bhd and Samsung Engineering Co Ltd, has received a contract worth US$766.39 million from Petronas Carigali Sdn Bhd to provide services for the Sabah Oil and Gas Terminal project.
0 comments:
Post a Comment