CORP BRIEF: EcoWorld, CICM, Pertama Digital and Xin Hwa

by TMR / pic by TMR FILE 

EcoWorld posts RM42.3m net profit in 2Q21

ECO World Development Group Bhd posted a net profit of RM42.32 million year-on-year in the second quarter ended April 30, 2021 (2Q21), from RM15.55 million. In a bourse filing yesterday, the property developer said it recorded sales of RM1.32 billion in 2Q21, which is almost double the sales of RM706 million achieved in 1Q21. Revenue for the quarter under review was recorded at RM420.46 million versus RM345.4 million last year, while its basic earnings per share stood at 1.44 sen from 0.53 sen. — Bernama

CICM urges govt to let lime producers operate

CHEMICAL Industries Council of Malaysia (CICM) has urged the government to immediately grant approval to all lime producers and limestone quarries to continue to operate during Movement Control Order 3.0. In a statement yesterday, the association said approval should be granted to enable essential industries, such as water treatment and sugar, to maintain sufficient supply to the public. The council also said the limestone stocks were getting critically low and would result in the shutdown of the lime factories over the next days and weeks.

Pertama Digital secures 2 investors for digital bank

PERTAMA Digital Bhd signed memoranda of understanding with Perfect Hexagon Commodity and Investment Bank Ltd (PHCIB), and Alsirat Sdn Bhd to secure investment for its proposed digital bank. Alsirat has more than 30 years of experience in delivering missioncritical projects for customers since its inception. It provides digital evidence management solutions, big data analytics, machine learning, artificial intelligence and Internet of Things services.

Xin Hwa reprimanded, 2 directors fined RM150,000

Bursa Malaysia has publicly reprimanded Xin Hwa Holdings Bhd and two of its former directors for breaching Main Market listing requirements and imposed fines totalling RM150,000. The public reprimand involves a breach of the listing requirements, with regard to the advances and payments made on behalf of its wholly owned subsidiary, Xin Hwa Trading & Transport Sdn Bhd (XHTT) between Jan 1, 2017 and Dec 31, 2018. The payments were made to Xin Hwa’s unlisted holding company, NF Capital Management Sdn Bhd, amounting to RM256,629 and two directors of Xin Hwa and XHTT for their personal expenses amounting to RM516,384.