KUALA LUMPUR (Jan 19): Based on corporate announcements and news flow today, companies that may be in focus on Friday (Jan 20) include Axis REIT, F&N, Ekovest, Pavilion REIT, Destini, TH Heavy Engineering, MMC Corp, UMW Oil & Gas, UMW Holdings and Versatile Creative. In a joint statement today, Destini and THHE said the contract was secured by THHE Destini Sdn Bhd, which is 51% owned by Destini and 49% by THHE. MMC Corp Bhd is disposing of wholly-owned MMC Oil & Gas Engineering Sdn Bhd for RM50 million in its bid to focus on its core businesses. MMC Oil & Gas provides professional engineering services to the oil and gas industry. UMW Oil & Gas Bhd (UMWOG) has started the consolidation among local oil and gas (O&G) players with its planned demerger from UMW Holdings Bhd (UMWH).

Source: The Edge Markets January 19, 2017 15:00 UTC