CORP BRIEF: Yong Tai, Petronas, Kwantas, Kerjaya Prospek and Top Glove

pic by TMR FILE

MoH approves Yong Tai virus jab clinical trial

YONG Tai Bhd’s subsidiary, YTB Healthcare Sdn Bhd, has obtained approval from the Ministry of Health (MoH) for its Phase 3 clinical trial of the inactivated Covid-19 trial vaccines in Malaysia.

Petronas begins LNG in ISO tanks export

PETROLIAM Nasional Bhd (Petronas) through its subsidiary, Petronas LNG Ltd, has commenced the export of liquefied natural gas (LNG) to China in ISO tanks from its filling facility in Pengerang, Johor. In a statement yesterday, Petronas said the LNG ISO tanks maiden shipment had been delivered to Shanghai from the Pasir Gudang Port on April 23, 2021, following a spot contract signed between Petronas and Tiger Gas (Hong Kong) Ltd, an affiliate of Tiger Clean Energy Ltd. — Bernama

Kwantas to delist

KWANTAS Corp Bhd announced it will delist the entire issued share capital from the official list of Bursa Malaysia Securities Bhd. In a filing to Bursa Malaysia yesterday, the group noted it will be removed with effect from 9am, this Friday pursuant to Paragraph 16.07(b) of the Main Market Listing Requirements.

Kerjaya Prospek wins RM202.6m deal

KERJAYA Prospek Group Bhd via its wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has accepted a letter of award for a contract worth RM202.6 million through its 50% joint-venture partnership with Gamuda Engineering Sdn Bhd, a wholly owned subsidiary of Gamuda Bhd, from Tanjung Pinang Development Sdn Bhd. In a filing to the stock exchange, the company said this award brings Kerjaya Prospek’s total contracts secured for 2021 to RM356.1 million. The award is for the execution and completion of infrastructure works on Gurney Marine Bridge, linking Jalan Gurney to the Seri Tanjung Pinang Phase 2 (STP2) Island, 55.47m wide main road from Gurney Marine Bridge to Gurney roundabout, upgrading of Gurney roundabout and all other associated civil engineering works for the STP2. The infrastructure works of the contract are expected to commence on May 4, 2021, and will take 30 months to complete from the commencement date. The contract will further increase the existing orderbook of the group.

Top Glove resolves 11 ILO’s forced labour indicators

TOP Glove Corp Bhd has resolved all 11 forced labour indicators issued by the International Labour Organisation (ILO) effective April 22, 2021. In a statement yesterday, the world’s largest rubber glove manufacturer said the resolution of the 11 ILO indicators of forced labour had been verified by independent international UK consultant, Impactt Ltd, in its report dated April 22. — Bernama