CORP BRIEF: Taliworks, Hibiscus, Kronologi, Pintaras and Kerjaya Prospek

by TMR/ pic by TMR FILE

Taliworks’ Langkawi water supply contract expired

TALIWORKS Corp Bhd announced the privatisation contract made between Taliworks (Langkawi) Sdn Bhd and the government of Kedah has expired on Oct 31. In a filing to the local bourse yesterday, Taliworks said the privatisation contract dated Oct 7, 1995, was to manage the operations and maintenance of the water supply system in Langkawi. Upon expiration of the privatisation contract, Taliworks has handed the operations to a corporatised body under the state government of Kedah, Syarikat Air Darul Aman Sdn Bhd.

Hibiscus completes new wells at St Joseph site off Sabah

HIBISCUS Petroleum Bhd’s unit, SEA Hibiscus Sdn Bhd, had completed the St Joseph minor sands infill and major sands redevelopment infill drilling campaign in September. In a filing to Bursa yesterday, the company said through this infill drilling development campaign, SEA Hibiscus has added an instantaneous incremental 2,200 barrels per day of crude oil production and added four million stock tank barrels of incremental life of field gross reserves.

Kronologi secures cloud infrastructure deal

KRONOLOGI Asia Bhd won an exabyte-size cloud hyper-scale supply and managed services contract with a market-leading web search, online community and artificial intelligence services provider in China. The group, however, did not disclose the identity of the Chinese company or contract value. In a filing yesterday, the company said the contract is in tandem with the group’s strategic initiatives for its ‘As-a-Service’ consumption and subscription-based model to progressively invest in infrastructure for future growth in the new normal world.

Pintaras unit bags RM163m piling contracts

PINTARAS Jaya Bhd’s (PJB) wholly owned subsidiary in Singapore, Pintary International Pte Ltd, has secured five new pilling contracts worth RM163 million. In a filing to Bursa Malaysia yesterday, the construction group said these projects have commencement dates from October 2020 to February 2021, with contract periods varying from two to 12 months.

Kerjaya Prospek buys land for RM15m

KERJAYA Prospek Property Bhd has bought land in Bloomsvale mixed development project in Old Klang Road for RM15.13 million. The group in a filing yesterday said its wholly owned subsidiary, Kerjaya Property Sdn Bhd, is buying the freehold land from Span Holdings Sdn Bhd. The proposed acquisition will enable the firm to focus on its core business of property development and expand and strengthen its landbank size. The acquisition, which is expected to be completed by January next year, will be funded by cash via internally generated funds and and/or bank borrowings.