Friday, April 26, 2013

(BFW) MALAYSIA DAYBOOK: Petronas Chemicals, Bright Packaging, Tenaga

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MALAYSIA DAYBOOK: Petronas Chemicals, Bright Packaging, Tenaga
2013-04-25 21:21:13.46 GMT


By Ranjeetha Pakiam
April 26 (Bloomberg) -- Petronas Chemicals Group Bhd.
(PCHEM MK) and BASF SE (BAS GR) are investing $500 million to
build an aroma ingredients complex in Kuantan, Malaysia, as part
of their existing joint venture, according to a stock exchange
filing.
The first plants of the integrated project will be
operational in 2016 and will create 110 jobs in the area. This
investment comes after the two chemicals producers mutually
ended plans to jointly develop manufacturing facilities in the
southern state of Johor in January.


EQUITY MOVERS:
* Ariantec Global (AGB MK): Proposes private placement of up
to 56.9m new shares
* Bina Darulaman (DRLM MK): Sets June 10 ex-date for 7 sen/shr
final div
* BLD Plantation (BLDP MK): Proposes final div of 5 sen/shr;
to trade ex-div on July 2
* Bright Packaging Industry (BPKG MK): Revokes decision on
100% div policy payout for next 5 yrs for time being as
focus is on co. growth
* Country View (CVB MK): 1Q net income gains to 17.2m ringgit
from 5.9m ringgit Y/y; sets May 10 ex-date for 4 sen/shr
interim div
* DKSH Holdings (DKSH MK): Sets July 19 ex-date for 2.5
sen/shr special div
* D'Nonce Technology (DNON MK): 2Q net loss narrows to 360,000
ringgit from 4.62m ringgit Y/y
* NPC Resources (NPC MK): Proposes final div of 1 sen/shr
* Pintaras Jaya (PINT MK): Wins 36m-ringgit earthworks,
building contract
* Pantech Group Holdings (PGHB MK): 4Q profit gains to 12.6m
ringgit from 10.4m ringgit Y/y
* Tambun Indah Land (TILB MK): Proposes div reinvestment
scheme
* Tenaga Nasional (TNB MK): Proposes interim div of 10
sen/shr; to trade ex-div on May 15


WHAT TO WATCH:
* WCT to hold press conference after EGM at 11:30 a.m. in
Selangor


MARKETS:
* Malaysia's FTSE Bursa Malaysia KLCI Index fell 0.1%
* The MSCI Asia Pacific Index climbed 0.7%
* The Dow Jones Industrial Average advanced 0.2%
* Palm oil July-delivery futures gained 0.9%


For Related News and Information:
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First Word newswire: NH BFW<GO>

--Editor:

To contact the reporter on this story:
Ranjeetha Pakiam in Kuala Lumpur at +60-3-2302-7856 or
rpakiam@bloomberg.net

To contact the editor responsible for this story:
Barry Porter at +60-3-2302-7865 or
bporter10@bloomberg.net

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