CORP BRIEF: Gas Malaysia, Dialog, Serba Dinamik and FIMA

by TMR / graphic by MZUKRI MOHAMAD

Wan Zulkiflee appointed as Gas Malaysia chairman

GAS Malaysia Bhd appointed former Petroliam Nasional Bhd (Petronas) CEO Tan Sri Wan Zulkiflee Wan Ariffin as its chairman effective July 1, 2021. In a filing to Bursa Malaysia yesterday, Gas Malaysia said the group’s current independent and non-executive chairman Datuk Hasni Harun will resign effective July 30, to pursue other commitments. Wan Zulkiflee is currently the non-executive group chairman of Malaysia Airlines Bhd and Malaysia Aviation Group.

Dialog acquires remaining 5% of Halliburton

DIALOG Group Bhd via its wholly owned subsidiary, Dialog D & P Sdn Bhd, acquired the remaining 5% equity interest in Halliburton Bayan Petroleum Sdn Bhd (HBP) from Asia Energy Services Sdn Bhd (AES) for a purchase consideration of US$1.8 million (RM7.5 million). In a filing to Bursa Malaysia, the company said the first acquisition was completed on Aug 27, 2019, and resulted in HBP becoming a 75%-owned indirect subsidiary of Dialog and the second acquisition of a further 20% equity interest in HBP was completed on Dec 13, 2019. HBP became a 95%-owned indirect subsidiary of Dialog and the balance 5% is held by AES.

Serba Dinamik activates 1st teleport, network operating centre

SERBA Dinamik Holdings Bhd has activated its first teleport and network operation centre with its strategic partner, Network Innovations Inc. In a statement yesterday, Serba Dinamik said its primary role in this New Space Economy Nexus is to invest in the assets and infrastructure to solve earthbound issues from space. Serba Dinamik noted that the space technology division is initiating corporate social responsibility projects to support the Malaysian government by offering connectivity solutions to unserved and underserved areas in four selected locations. — Bernama

FIMA proposes 2nd interim single-tier dividend

FIMA Corp proposed a second interim single-tier dividend per share of 7.5 sen for its financial year ended March 31, 2021, which will amount to approximately RM17.9 million and will be paid on a date to be determined. For the fourth quarter, the group posted a net profit of RM10.35 million against the previous net loss of RM1.11 million, while its revenue was also lower at RM48.61 million versus RM70.56 million, the company noted in a filing to Bursa. The group anticipates the future revenue from all divisions to be affected by the pandemic, and fluctuations in exchange rates and commodity prices will influence the group’s financial performance and position.