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Malaysia: News in brief (June 4)

Posted on: June 5, 2009


Bernama – Friday, June 5

BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD says it has received a Letter of Intent from the Malaysian government stating its intention to have a contract with Boustead DCNS Naval Corporation Sdn Bhd, the proposed joint venture company between BHIC Defence Technologies Sdn Bhd and DCNS S.A for the in service support for the Scorpene submarines of Royal Malaysian Navy.

The estimated contract ceiling for six years is RM600 million. — BERNAMA

MULTI-PURPOSE HOLDINGS BHD announced that its subsidiary, A.A Anthony Securities Sdn Bhd has acquired a total of 11.442 million ordinary shares of RM1 each in Farlim Group (Malaysia) Bhd through direct business transaction representing 9.45 percent of the issued and paid-up capital of Farlim for RM3.20 million. — BERNAMA

MAZ SD

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