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News in brief – Malaysia’s stocks

Posted on: June 16, 2009


Bernama – Wednesday, June 17

POH KONG HOLDINGS BHD posted a lower pre-tax profit of RM6.798 million in the third quarter ended April 30, 2009, compared to RM12.816 million recorded in the corresponding period.

Revenue fell to RM121.3 million from RM124.236 million previously.

–BERNAMA

ECM LIBRA FINANCIAL GROUP BHD recorded a lower pre-tax profit of RM5.119 million in the first quarter ended April 30, 2009, versus RM12.463 million in the same period last year.

Revenue declined to RM23.236 million from RM25.546 million previously.

–BERNAMA

SCIENTEX BHD’s pre-tax profit fell to RM11.139 million in the third quarter ended April 30, 2009, against the RM13.226 million recorded in the corresponding period.

Revenue decreased to RM113.742 million from RM165.589 million previously.

–BERNAMA

GREEN PACKET BHD has entered into a sales and purchase agreement with mTouche Technology Bhd to acquire 51 percent equity interest in Inova, held by mTouche, for a total cash consideration of S$30,000 (S$1=RM2.42)

Prior to the acquisition, Inova was a 20 percent associated company of Green Packet.Upon completion of the acquisition, Green Packet will effectively hold 71,000 Inova shares resulting in the company becoming a 71 percent owned subsidiary of Green Packet.

Inova’s wholly-owned subsidiary, Brilliante Novastella Sdn Bhd will also become a subsidiary of Green Packet. — BERNAMA

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