CORP BRIEF: Perodua, Pansar, Econframe and MHB

by TMR / Pic by TMR GRAPHIC

Perodua Aruz launched in Singapore

THE Perodua Aruz has officially entered its first overseas market, Singapore. Perusahaan Otomobil Kedua Sdn Bhd (Perodua) said in a statement, the model is priced at S$92,999 (RM286,409), inclusive of Goods and Services Tax and Certificate of Entitlement. Perodua has sold 58,000 units in Malaysia since its debut in 2019. It was Malaysia’s best-selling SUV overall in 2019 and 2020. Besides Singapore, Perodua also exports to Brunei, Sri Lanka, Mauritius, the Seychelles, Fiji and Indonesia.


Pansar acquires PESB

PANSAR Bhd has completed the acquisition of Perbena Emas Sdn Bhd (PESB), marking its strategic entry into the construction industry. In a statement yesterday, the engineering solutions provider said the acquisition brings an additional RM2 billion orderbook which PESB has amassed to date via key notable infrastructure projects in Sarawak, into the group’s existing orderbook of RM223 million comprising design, construction, supply and engineering contracts. The group will also diversify its operations into construction and civil engineering, leveraging PESB’s 43-year track record in construction and infrastructure development. — Bernama


Econframe extends period to use IPO proceeds

ECONFRAME Bhd, which made its debut on Bursa Malaysia’s ACE Market in October 2020, has extended the timeframe to utilise the unutilised proceeds allocated for working capital from six months to 18 months from the date of listing. The company raised total gross proceeds of RM18.2 million from the IPO. In a filing to Bursa Malaysia yesterday, the company said the Covid-19 pandemic and the reintroduction of the second Movement Control Order had continued to negatively affect the property sector. Stringent standard operating procedures have slowed construction progress.


MHB wins deal for Jerun development project

MALAYSIA Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly-owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Bhd (MHB), has secured a contract from SapuraOMV Upstream (Sarawak) Inc to undertake the engineering, procurement, construction, transportation and installation, and hook-up and commissioning services (EPCIC) for the SK408W Jerun development project offshore Sarawak. In a filing to Bursa Malaysia yesterday, MMHE said the EPCIC contract comprises the construction of an approximately 15,000 metric tonnes (MT) topside, 10,000 MT jacket and 5,000 MT piles of Central Processing Platform (CPP). It also includes the design engineering of a 30-inch carbon steel pipeline with a length equivalent to 80km distance from this CPP to the existing E11R-B platform to commingle with the existing trunkline to Petroliam Nasional Bhd’s liquefied natural gas plant in Bintulu, Sarawak.

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