Daily

Bumi Armada Bhd has won contracts worth US$300mn (RM1.1bn) from ElectroGas
Malta Ltd for the conversion, supply and operations and maintenance of a floating
storage unit. The contracts, awarded to its units Armada Floating Gas Storage Malta Ltd
and Armada Floating Gas Services Malta Ltd, were for a firm period of 18 years and two
months. (StarBiz)

Cahya Mata Sarawak Bhd, through unit CMS Works Sdn Bhd’s subsidiary PPES Works
(Sarawak) Sdn Bhd, has won the contract to build the proposed Sarawak Museum
Campus and Heritage Trail, Kuching, for RM308mn. The project, to be completed by the
first quarter of 2020, also includes a heritage trail in central Kuching as well as the
period conservation and exhibitory for the three existing historical museum buildings
and of a pavilion. (StarBiz)

Boustead Holdings Bhd is injecting RM199mn cash for a 50% stake in Irat Properties
Sdn Bhd, which in turn is taking control of two companies involved in the automated
enforcement system. Boustead said on Tuesday it was buying 93.33mn Irat shares –
comprising of 60mn new Irat shares for RM128mn cash and an additional 33.33mn new
Irat shares at RM2.13 each for RM71mn. The remaining 50% equity interest in Irat is
held by existing shareholders, LTAT and Irat Holdings Sdn Bhd. (StarBiz)

Lay Hong Bhd, which last month decided to halve the size of its planned private
placement following a major shareholder’s protest, can only place out the shares to
institutional investors. The company said on Tuesday that Bursa Securities imposed
that as one of the conditions for approving the exercise. The securities exchange
operator also requires the submission of the identified placees for its clearance.
(StarBiz)

Berjaya Corp Bhd (BCorp) has proposed to dispose of its entire stake in its whollyowned
indirect subsidiaries Berjaya Bandartex Sdn Bhd (BBandartex) and Berjaya
Knitex Sdn Bhd (BKnitex), together with a piece of land in Johor for RM30mn.