Fraser & Neave Holdings Bhd (F&NHB) posted a higher revenue of RM996.6 million for its fourth quarter ended 30 September, up 2.1 per cent with a significant improvement in the Group’s bottom line compared to same quarter in 2017.
For the Group’s segmental performance, Food & Beverage Malaysia (F&B Malaysia) recorded positive revenue gain for the third consecutive quarter, growing 1.9 per cent to RM545.4 million in its fourth quarter ended 30 September driven by improved local trade execution and higher exports sales, marking a return to stability post-reorganisation.
Sapura Energy Berhad (Sapura Energy) and OMV have signed a Share Subscription Agreement and a Shareholders’ Agreement to form a strategic partnership.
Under the agreements, OMV Exploration and Production GmbH (OMV E&P), a wholly-owned subsidiary of OMV Aktiengesellschaft, will buy a 50 per cent stake of the enlarged issued share capital in a newly formed joint venture company, SEB Upstream Sdn Bhd (SUP), based on an enterprise value of up to U$D1.6 billion comprising an equity value of up to US$1,250 million and debt of US$350 million.
Serba Dinamik Holdings Berhad, a global integrated engineering services provider, announced the successful securement of thirteen operations and maintenance contracts through both its wholly-owned subsidiaries, Serba Dinamik International Ltd (SDIL) and Serba Dinamik Sdn Bhd (SDSB).
The group said four contracts were awarded to its wholly-owned subsidiary Serba Dinamik International Ltd (SDIL) for O&M works in the Middle East.