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PNB expected to increase board representation in Sapura Energy

PNB has given an undertaking letter to Sapura Energy to subscribe for its rights entitlement and the excess shares and warrants not taken up by the other shareholders, up to an equity stake of 40% in the group. This could mean that PNB alone will be taking up to 57% of the rights share offering.

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I-Bhd expects profit growth this year on RM305m unbilled sales

The management is confident that the mall will be able to attract quality tenants, as Central Pattana has over 30 years of experience in retail development. Currently, the mall has a committed occupancy rate of around 70%, and I-Bhd aims to hit 85% before the launch date. Anchor tenants include Sogo, Village Grocer and TGV.

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Pestech’s substation, transmission line ops seen promising

Pestech share price has been lacklustre for more than two years and it has finally secured this highly anticipated project, which was complicated earlier by the GE14. As this announcement is only for the electrification portion, Kenanga Research says they understand that there are still signalling and communication portions worth as high as RM500 million to be announced.

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