CORP BRIEF: CMS, Ramssol, Mah Sing Healthcare and Pintaras Singapore

by TMR / pic credit:

CMS extends suspension of group CFO for 30 days

CAHYA Mata Sarawak Bhd (CMS) extended the suspension of its group CFO Syed Hizam Alsagoff for 30 days. In a filing to Bursa Malaysia yesterday, it said the company has since then appointed KPMG Management & Risk Consulting Sdn Bhd (KPMG MRC) as the independent consultant to review the financial management of certain investment and contracts. The board has resolved to extend the suspension by 60 days to accommodate the duration required for KPMG MRC to carry out its work and report to the board.

Ramssol to undertake IPO on ACE Market

RAMSSOL Group Bhd has to undertake an IPO exercise on the ACE Market of Bursa Malaysia Securities Bhd underwritten by Kenanga Investment Bank Bhd (KIBB). KIBB will underwrite a total of 16,800,000 shares, the company said in a statement yesterday. Ramssol is a local leading human capital management solutions and technology provider, which has its base in Malaysia, Singapore, Thailand, Vietnam and Indonesia.

Mah Sing Healthcare obtains CE Mark for nitrile gloves

MAH Sing Healthcare Sdn Bhd has received the Conformitè Europëenne (CE) Mark for powder free nitrile examination gloves and powder free latex examination gloves, which would facilitate the company to tap into the export market to the European region. The CE Mark is recognised by European Union (EU) member states that the product meets all appropriate EU requirements, including relevant European product directive, harmonised performance and safety standards, and is fit for its purpose and will not endanger lives or property.

Pintaras Singapore unit wins contract worth RM108m

PINTARAS Jaya Bhd has secured four new piling contracts worth RM108 million in total. In a filing to Bursa Malaysia yesterday, the group said the contract was secured through its wholly owned subsidiary in Singapore, Pintary International Pte Ltd. Pintaras said the projects will commence from May to July 2021 with contract periods varying from three to seven months. The contracts are expected to contribute positively to its yearly earnings for the financial year 2021 (FY21) and FY22. Last year in November, the group secured five piling contract works worth RM163 million with commencement dates from October 2020 to February 2021.