KUALA LUMPUR (April 7): Based on corporate announcements and news flow today, companies that may be in focus on Monday (April 10) could include the following: SKH Consortium Bhd, Key Alliance Group Bhd, CAB Cakaran Corp Bhd, Superlon Holdings Bhd, Kwantas Corp Bhd, Ekovest Bhd and Yong Tai Bhd.

Technology services provider SKH Consortium Bhd said it is unaware of any rumour or report concerning its business and affairs that may account for the sharp rise in price and volume of its shares.

It was slapped with an unusual market activity query by Bursa Malaysia on the sudden 17.86% rise in its share price to 16.5 sen in morning trade today.

SKH Consortium, however, highlighted the emergence of a new substantial shareholder Fong Siling, holding a 5.41% stake in the company.

ACE Market-listed SKH Consortium shares have risen by 128.57% from seven sen on March 24 to 16 sen today, giving it a market capitalisation of RM85.94 million.

Key Alliance Group Bhd is collaborating with enterprise cloud solutions provider RapidCloud (M) Sdn Bhd to explore and expand market potential within the hosting and e-commerce industry.

Key Alliance, through its subsidiary DVM Innovate Sdn Bhd, signed a Memorandum of Understanding with RapidCloud today.

RapidCloud is a cloud solutions provider currently hosting in excess of 10,000 small and medium enterprises and corporate clients, and is also one of the established resellers of Alibaba Cloud in Malaysia.

Food producer CAB Cakaran Corp Bhd has tied up with Felcra Food Industries Sdn Bhd to mutually explore the possibility of collaborating in the agriculture and aquaculture business activities.

It said that it has signed a non-binding letter of intent with Felcra.
“The company will make further announcements on the matter in the event both parties reach a formal agreement on this matter,” said CAB Cakaran, which operates 10 Kyros Kebab outlets Kuala Lumpur and Selangor.

Superlon Holdings Bhd plans to undertake a one-for-two share split to improve liquidity of its shares on Bursa Malaysia.

The group said the share split will lower its trading price and enhance the liquidity of its shares.

"Furthermore, with the increased marketability, this will assist to encourage a wider shareholder base for Superlon," it added.

The proposed share split would split each share into two held on an entitlement date to be determined later, increasing the company's issued share capital to 160 million from 80 million.

Kwantas Corp Bhd plans to dispose of Dongma (Guangzhou Free Trade Zone) Oleochemicals Co Ltd (DMO) for RMB25 million (RM16.07 million) to streamline its exercise and improve its overall financial position and liquidity.

The palm oil mill operator said it entered in a share sale agreement with Guangzhou Lushang Technology Development Co Ltd, which is involved in technology promotion and application services, today.

DMO operates oleochemical and glycerine plants in the Guangzhou Free Trade Zone.

“The share sale consideration would be used to repay borrowings and raise working capital,” Kwantas said, adding that it expects to make a net gain on disposal of about RM4.6 million.

Ekovest Bhd, through its subsidiary Ekovest Properties Sdn Bhd, has purchased two parcels of freehold land in Kuala Lumpur from substantial shareholder Lim Seong Hai Holdings Sdn Bhd (LSHHSB) for RM26.77 million.
The first parcel of land measures 2,403 sq m, while the second plot measures 2,290 sq m.

Ekovest said it intends to combine the lands together with its existing land bank to undertake its mixed commercial development project called EkoQuay, which will commence construction in 2018.

Yong Tai Bhd and KOF Holdings Sdn Bhd plan to jointly develop two adjoining pieces of land on Jalan U-Thant, Kuala Lumpur, with a gross development value of RM180 million.

Yong Tai, through its subsidiary YTB Development Sdn Bhd, and KOF entered into a joint-venture agreement for the development on Lots 169 and 170 today.

Yong Tai said on Oct 18, 2014, KOF signed a joint venture development agreement with Pihak Berkuasa Kemajuan Pekebun Kecil Perusahaan Getah for the lands.

Following that, KOF would assign YTB Development the sole and exclusive rights and entitlement to develop the land according to its discretion.

The proposed development featuring residential units, will take approximately three years to complete, subject to approvals.