KUALA LUMPUR (Jan 18): Based on corporate announcements and news flow today, companies that may be in focus on Thursday (Jan 19) include Silk Holdings, Gadang Holdings, Genting, Mesiniaga, WCT Holdings, Axiata, Uzma, Guocoland, Spring Gallery, Country View, FSBM Holdings, Tex Cycle, Green Packet and Yen Global. Under the deal, Kwasa Land will receive RM165.5 million for the development rights and revenue sharing from Gadang. This follows a novated contract signed between its wholly-owned subsidiary Uzma Engineering Sdn Bhd with THHE Fabricators Sdn Bhd and Petronas Carigali Sdn Bhd on Oct 24 last year. The proposed development will feature two blocks of medium-end apartments on land measuring 3.3ha, with an estimated GDV of RM161.2 million. The first tranche of the placement exercise was completed in end-December 2016, with 6.36 million shares issued, raising a total of RM1.27 million.

Source: The Edge Markets January 18, 2017 16:09 UTC