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Monday, September 9, 2013

Salcon, Faber

Five frontrunners for Langat 2 project
five parties are seen as frontrunners to bag the construction of the first package of Langat 2 water treatment plant valued at around RM1.2bn. The frontrunners are IJM Corp Bhd, Gamuda Bhd, UEM Construction Sdn Bhd, a joint venture between Salcon, MMC Corp and Ahmad Zaki Resources Bhd, and Asia Baru Construction Sdn Bhd. Star

Faber accepts UEM injection
Faber Group Bhd has accepted UEM Group Bhd’s proposal to inject RM1.15bn worth of assets into the former. OnAug 5, UEM Group – Faber’s largest shareholder – proposed to dispose of 100% equity interest each in Propel and Opus to Faber for RM1.15bn via the issuance of 450.5m new Faber shares at RM2 apiece and RM250m cash. Star

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