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Friday, October 21, 2011

TGOFFS, SILK, MELEWAR (Edge)

Tanjung Offshore gets Carigali contract worth RM27m
TANJUNG OFFSHORE BHD [] has been awarded a contract worth RM27 million by Petronas Carigali Sdn Bhd for the provision of three units of offshore support vessels (OSVs) for up to two primary years.

SILK unit gets RM23.5m contract extension from Carigali
SILK Holdings Bhd’s unit Jasa Merin (Malaysia) Sdn Bhd has been awarded a contract extension worth RM23.5 million by Petronas Carigali Sdn Bhd to provide one Anchor Handling Tug Supply Vessel.

Melewar Industrial Group plans rights issue to raise RM27.4m
MELEWAR INDUSTRIAL GROUP BHD [] has proposed a two-call rights issue of up to 151.17 million rights shares to raise RM27.46 million.

It said on Friday, Oct 21 the rights issue would be at an indicative issue price of RM1 per rights share on the basis of two rights shares for every three existing shares held on an entitlement date to be determined later.

Based on the indicative issue price of RM1, the indicative first call of 50 sen per rights share, the theoretical ex-rights price of the shares was 52 sen, a discount of 3.85% to the five-day weighted average market price of the shares of 54 sen.

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