CORP BRIEF: PetDag, Pertama Digital, Nestcon, G Rubber and Paramount

by TMR / pic by TMR FILE

PetDag enters 5 SPAs with Petco

PETRONAS Dagangan Bhd (PetDag) entered into five sales and purchase agreements (SPAs) yesterday with Petco Trading Labuan Co Ltd, an indirectly wholly owned subsidiary of Petroliam Nasional Bhd. The SPAs are in relation to the selling of working inventory and deadstock in the storage tank at select PetDag fuel terminals to Petco’s for a total price consideration of approximately RM23.12 million. In a bourse filing yesterday, it said “individual contracts to be entered in phases for the select 14 fuel terminals and expected to be completed by September this year”.

Pertama Digital applies for digital bank licence

PERTAMA Digital Bhd submitted an application for a digital bank licence to Bank Negara Malaysia. In a Bursa filing, it said the Pertama Digital consortium envisaged its Islamic digital bank would place the financially unserved customers at its heart. The group said it initially expressed interest in applying for the licence in April, before securing various consortium partners.

Nestcon secures RM230m construction contract

NESTCON Bhd secured a contract worth RM230 million from Mightyprop Sdn Bhdt. In a stock exchange filing yesterday, the construction service provider said the letter of award was given to its wholly owned subsidiary, Nestcon Builders Sdn Bhd. The contract will involve the earthworks, foundation, substructure, main building works and infrastructure for the construction of one block of 46-storey serviced apartment buildings in Damansara Perdana, Petaling Jaya.

G Rubber bags RM65.2m contract from AE Multi

GREEN Ocean Corp Bhd’s wholly owned subsidiary, G Rubber Sdn Bhd, secured a contract for the installment of eight production lines for nitrile gloves worth RM65.18 million from AE Multi Industries Sdn Bhd. G Rubber will be in charge of designing, fabricating, installing, testing and commissioning the eight double former dipping lines. The project duration would last 120 days.

Paramount submits digital bank licence application

PARAMOUNT Corp Bhd, as the lead applicant for a consortium, submitted an application to Bank Negara Malaysia for a digital banking licence. The consortium comprises Paramount, Star Media Group Bhd, Prosper Palm Oil Mill Sdn Bhd, RCE Capital Bhd and a technology partner. — Bernama

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