CORP BRIEF: MRCB Quill, Mesiniaga and AirAsia

by TMR / pic by MUHD AMIN NAHARUL

MRCB Quill sells 5-storey office building for RM45m

MRCB Quill Management Sdn Bhd (MQM), as the manager of MRCB-Quill Real Estate Investment Trust (MQREIT), disposed of a five-storey office building, the Quill Building 5 in Cyberjaya, for RM45 million to Deriv Services Sdn Bhd (DSSB). DSSB was incorporated in Malaysia on April 23, 2004, as a private limited company and is the operational headquarters of Deriv Ltd’s group of companies, MQREIT said in a Bursa filing yesterday. MQREIT said the disposal was in line with its objective to regularly evaluate and rejuvenate its property portfolio. “MQM opines that it has optimised the potential of the property and given the favourable disposal price for the sale of this asset, it is an opportune time to dispose of this asset,” it said. It said the proceeds from the disposal may be utilised, among others, to repay existing borrowings and redeploy the capital for asset enhancement initiatives and investments in other assets. — Bernama

Mesiniaga bags contract worth RM15.2m from KDN

MESINIAGA Bhd was awarded a RM15.19 million contract by the Ministry of Home Affairs (KDN) involving comprehensive maintenance of hardware, software and helpdesk support at the Immigration Department’s branches. The contract is valid from Dec 1, 2020, until Nov 30, 2023. “The proposed transaction will have a positive effect on the company’s net assets for the financial year ending Dec 31, 2020,” Mesiniaga said in a filing to Bursa Malaysia yesterday. However, it said, the contract is not likely to have any effect on the dividend policy, share capital and substantial shareholders’ shareholdings of the company for the period. — Bernama

AirAsia partners Cainiao on cross-border delivery

AIRASIA Group Bhd and Alibaba Group Holding Ltd’s logistics companies, Teleport and Cainiao, are collaborating to deliver cross-border orders made on Alibaba’s e-commerce platform, Tmall. In a statement yesterday, Airasia said the end-to-end delivery service, in under 24-hours, will initially start from Shenzhen and Canton, China, to Kota Kinabalu, Sabah. Tmall Export Line Haul Logistics director at Cainiao Kenny Wu said the partnership will help to streamline customs clearance and improve freight stability as the company continues to work towards its goal of delivering globally within 72 hours. “The establishment of a direct Malaysia-China e-commerce logistics service is a continued affirmation of our investment into the region. With the rise in e-commerce and cross-border trade activities, delivery efficiency will become increasingly crucial for business success and the growth of economies,” he said. Meanwhile, Teleport CEO Pete Chareonwongsak said as the company had worked closely with Cainiao previously for chartered cargo-only flights, it only seems fitting to continue the venture as a long-term partnership to deliver parcels across China to East Malaysia. — Bernama