MTD ACPI Engineering Bhd's 51 per cent unit Persys Sdn Bhd has won a RM440.12 million job to make and supply precast concrete segmental box girder for the second Penang bridge.

The 30-month job, is expected to be completed by end-2012.

In its filing to the stock exchange, MTD ACPI said profits will be shared 70:30 with the main contractor of the bridge UEM Builders Bhd via its unit Buildcast Sdn Bhd.

Letter from BursaMalaysia

Our Ref: IS/TYE/LD15/09

31 July 2009 (Via email)

The Company Secretary
(listed Issuers)

Dear Sir/Madam

MERGER OF THE MAIN BOARD AND SECOND BOARD

We wish to inform that, with the implementation of the new framework for listings and equity fund-raising on 3 August 2009, the Main Board and Second Board will be merged into a single board, and will be known as the Main Market.

Persuant to the merger, your Corporation/Fund will be listed on the Main Market with effect from 3 August 2009. The Main Market Listing Requirements will also take full effect on the same date. However, the sector classification of your Corporation/Fund remains unchanged.

Yours faithfully

INDERJIT SINGH
Head
Listing Division
Regulation

ld15-31july09-main_mkt_plc.pdf

Excerpts from CIMB Research Report

WE are turning cautious on the construction sector due to several risks emerging from the changing political landscape, including the possible (i) delay of projects in Selangor and Penang, (ii) slowdown in the rollout of Ninth Malaysia Plan (9MP) jobs via the five growth corridors and (iii) delay in the implementation of RM73.2 billion worth of mega projects. [ More... ]

PETALING JAYA: MTD Capital Bhd plans to take units MTD Infraperdana Bhd (MTD Infra) and Metacorp Bhd private, the company told Bursa Malaysia yesterday.

Trading of the shares in all three companies was suspended yesterday until 5pm today to make way for announcement of the full details of the proposals. [ More... ]

KUALA LUMPUR: MTD Capital Bhd expects to finalise its talks with the Sri Lankan government on the RM2.2 billion Colombo-Kandy toll road project by end-March.

“The talks are going on favourably,” its group executive chairman Datuk Nik Hussain Abdul Rahman told reporters after MTD ACPI Engineering Bhd’s EGM here yesterday. [ More... ]

EXACTLY a year ago, StarBiz highlighted 10 stocks that were thought would deliver in 2007. The result tallied a year later was better than expected.

Six of the 10 stocks featured outperformed the KL Composite Index’s (KLCI) 31.8% gain during the year. Plantation stocks and restructuring plays were the big winners. [ More... ]

BUILDING material suppliers and sub-contractors are anticipated to benefit from the Ipoh-Padang Besar double-tracking railway project.

The main contractors, MMC Corp Bhd and Gamuda Bhd, are likely to parcel out some of the jobs as the construction of the 329km track would need to be completed in four years. [ More... ]

COMMENT by Aseambankers: We expect government development spending to accelerate as only a quarter of the total development allocation of RM200bil for the 9th Malaysia Plan (9MP) period has been spent as at August of this year.

In terms of yearly spending, only 90% of the 2006 development allocation has been spent. For this year, only a third has been spent. [ More... ]

BANDAR BARU SELAYANG: MTD ACPI Engineering Bhd is scouting for more infrastructure construction projects in Sri Lanka, as it sees huge potential in the country’s construction sector.

Its chairman Datuk Nik Hussain Abdul Rahman said the MTD group, which is already involved in a housing project for public servants in Sri Lanka, had the support of a local partner there, and was expecting more jobs to boost its order book. [ More... ]

KUALA LUMPUR: MTD ACPI Engineering Bhd is likely to see a larger indirect exposure in Sri Lanka as its parent, MTD Capital Bhd, is actively seeking infrastructure projects there.

“MTD ACPI is already involved in the housing segment. We’re looking for a lot more from there,” chairman Datuk Dr Nik Hussein Abdul Rahman said after the company AGM yesterday.