In Scomi Group,Onstream Marine Sdn Bhd, which is controlled by Datuk Kamaluddin Abdullah and Shah Hakim @ Shahzanim Zain, disposed of 49 million Scomi Group shares on May 11.
Sarawak Energy could attract interest after announcing its MoU with China Three Gorges Corporation dated Aug 16, 2007 had been completed. Sarawak’s Natural Resources and Environment Board had approved the revised Environmental Impact Assessment report.
However, Sarawak Energy had also announced its that regarding its MoU with Cahya Mata Sarawak and Rio Tinto Aluminium Ltd, dated Feb 11, 2008, the parties were still in talks to finalise the terms of the power purchase agreement.
Plantation stocks would continue to attract interest with the firm crude palm oil prices. CPO futures for third month delivery fell RM20 to RM2,605 per tonne. However, some analysts have cautioned that CPO prices, which recorded its fastest rally in almost seven years, could fall 25% as Infonesia and Malaysia may increase world supplies by 5% this year.
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