CORP BRIEF: KPJ Healthcare, Sarawak Oil Palms, Willowglen and Siab Holdings

KPJ Healthcare unit issues RM650m Sukuk Wakalah 

KPJ Healthcare Bhd, via its unit Point Zone (M) Sdn Bhd, has issued Islamic medium-term notes of RM650 million in nominal value under its recently-established RM3 billion Sukuk Wakalah Programme. The private hospital group said proceeds from the issuance would be utilised to fund, among others, Shariah-compliant financing activities comprising the expansion, working capital requirements and general corporate purposes of its healthcare and healthcare-related businesses. In a filing to Bursa Malaysia yesterday it also said the Sukuk Wakalah Programme had been assigned a final rating of AA-IS(CG) (stable) by Malaysian Rating Corp Bhd.

Sarawak Oil Palms proposes bonus issue 

SARAWAK Oil Palms Bhd (SOPB) proposed a bonus issue of up to 303,136,773 new ordinary shares in SOPB on the basis of one bonus share for every two existing SOPB shares held on an entitlement date to be determined and announced later. In a filing to Bursa Malaysia yesterday the company said the proposed bonus issue of shares is expected to be completed by the third quarter of 2022 and is not expected to have any material effect on the consolidated earnings of the group for the financial year ending Dec 31, 2022.

Willowglen bags telco tower-related contract in Sabah 

WILLOWGLEN MSC Bhd’s unit Willowglen (M) Sdn Bhd has bagged a contract worth RM32.63 million from Majubina Resources Sdn Bhd for the design, build and transfer of infrastructures capable of supporting 37 telecommunication towers at various sites in Sabah, Malaysia. The commencement date of the contract is on March 7, 2022, and it will be completed by Dec 6, 2022. “The contract is expected to contribute positively to the group’s earnings and net assets per share for the financial year ending Dec 31, 2022,” it said in a stock exchange filing to Bursa Malaysia. The contract is not renewable, the company said. — Bernama

Siab, Koperasi Felcra ink MoU on joint development 

SIAB Holdings Bhd’s wholly-owned unit, Siab Development Sdn Bhd has inked a memorandum of understanding (MoU) with Koperasi Peserta-Peserta Felcra Malaysia Bhd (Koperasi Felcra) for a proposed joint development worth RM400 million. The building construction services provider said under the MoU, Siab Development would undertake joint development of three parcels of freehold Malay reserve land owned by Koperasi Felcra, measuring about 3.22ha in Gombak, Selangor. In a statement yesterday, Siab said the joint development was the company’s first project in collaboration with Koperasi Felcra.