Bioalpha Holdings Bhd, which officially commenced trading on the Ace market of
Bursa Malaysia today, is all set to penetrate the Middle East by mid-2015. Managing
Director Hon Tian Kok said the health supplements company had last year, signed a
memorandum of understanding with Fatima Group of the United Arab Emirates (UAE).
Fatima Group, with over 20 hypermarkets throughout the UAE, will act as the
distributor of Bioalpha's products in the country. (StarBiz)
Hunza Properties Bhd said a suit brought against it by Loke Wan Yat Realty Sdn Bhd
(Loke Realty) would not have any material operational, financial or loss impact on it. It
had received a writ and statement of claim, both dated March 18, from Loke Realty’s
solicitors on April 13. Hunza said Loke Realty had outlined a series of claims and relief
from HPG, in a suit filed in Penang High Court on March 29. (Financial Daily)
Tenaga Nasional Bhd (TNB) announced that its new coal-fired power plant in
Manjung, Perak has begun commercial operations from midnight of April 13 and will
transmit an additional 1,000MW into the national grid. The plant was commissioned
just five hours after receiving the Commissioning Test Certificate from the Energy
Commission at 7pm on April 13. (Financial Daily)
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