CORP BRIEF: CEKD, LSH Capital, Nestcon and Freight Management

by TMR 

CEKD Bhd seeks listing 

CEKD Bhd, a die-cutting solutions provider, as well as manufacturer of die-cutting moulds and trader of related consumables, tools and accessories, is seeking a listing on the ACE Market of Bursa Malaysia Securities Bhd in September 2021. CEKD’s IPO entails a proposed public issue of 50.59 million shares, which 9.73 million shares will be made available for application by the Malaysian public and 6.81 million shares reserved for private placement to selected investors, a release yesterday noted. Some 24.32 million shares will be reserved for private placement to Bumiputera investors approved by the Ministry of International Trade and Industry.

LSH Capital debuts on LEAP market 

LIM Seong Hai Capital Bhd (LSH Capital) has marked its first step in the LEAP market at 26 sen, which was 13 sen premium than its IPO price of 13 sen per share with the first traded volume recorded at 1.1 million shares. The IPO exercise involved the listing of its entire issued share capital of RM36.58 million, comprising 355.05 million shares. To date, the company has secured orders worth RM69.7 million for the provision of lighting products, related mechanical and electrical products and services and building materials and LSH33 machinery rental, which is a mixed property development project situated in Sentul.

Nestcon bags RM25.1m project from MMC 

NESTCON Bhd’s wholly-owned subsidiary, Nestcon Infra Sdn Bhd, has secured a RM25.1 million contract from MMC Engineering Sdn Bhd, a wholly-owned subsidiary of MMC Engineering Group Bhd which is in turn a wholly-owned subsidiary of MMC Corp Bhd for main infrastructure works for the Petrochemical and Maritime Industry Centre Development located at Tanjung Bin, Pontian, Johor. In a statement yesterday, Nestcon said it will undertake the main infrastructure works comprising the supplying of all services, labour, plant and material for the construction, completion, testing and commissioning (if applicable) of the works. The project is slated to complete within a period of 10 months upon the site possession date.

Freight management to buy Klang land 

FREIGHT Management Holdings Bhd’s wholly-owned subsidiary FM Global Logistics (M) Sdn Bhd has entered into a sale and purchase agreement with Cebur Megah Development Sdn Bhd to acquire two parcels of freehold land measuring 3.77ha in Klang, Selangor for RM56.84 million. — Bernama