Malaysia Daily Media Highlights

Genting: Stamps control over Stanley Leisure
Genting subsidiary Genting International Plc has stamped its control over UK’s largest casino operator, Stanley Leisure Plc, after its cash offer became unconditional with its stake raised to about 69.4%. Genting International announced over the weekend that it had received Stanley shareholders’ acceptances for 17.95m shares representing a 25.3% stake. With that, the total number of shares already held and to be acquired by the Genting International group rose to 49.3m, representing the 69.4% stake. The investment in Stanley provided it the platform to expand its business in the soon-to-be deregulated UK gaming industry and in Europe in Future. (theedgedaily.com)

DiGi: Introduce New Prefix Numbers
DiGi has introduced two prefix – 014-30x xxxx and 014-31x xxxx to meet surging growth in DiGi Prepaid subscribers. The new prefix numbers would be available in both the northern and southern regions due to the overwhelming demand in these areas. It said Kedah, Penang and Perak was allocated the 014-30 prefix and Johor the 014-31 prefix. The new packs will carry the same quality of service and coverage and the same benefits as 016 and 014-6. with the new prefix, a DiGi subscriber calling a DiGi subscriber will have to use the prefix 016, 014-6, 014-30 and 014-31 as per the receiver’s prefix number. (theedgedaily.com)

Gamuda: In running for US$2bn Saudi Rail Contract
Gamuda is vying for a job to build a US$2bn (RM 7.4bn) rail network in Saudi Arabia. According to unconfirmed sources, Gamuda submitted the bid late last month and will know by the year end if it is successful in clinching any of the jobs on offer. The North-south link, tipped to be Middle East’s largest ever rail project, will be split into four main contracts, comprising earthworks and bridges, ballast and track installation. Sources confirmed that a Gamuda-led consortium had been prequalified, but declined to elaborate further. The Gamuda-WCT partnership is also said to be eyeing for projects in Oman, especially infrastructure works related to Al Duqm Port. (BT)

Kotra: Proposes transfer to Main Board
Kotra Industries is seeking a transfer to the Main Board and has proposed a 6-for-5 bonus issue to facilitate the exercise. Its paid-up capital would increase to at least 123.7m shares of 50sen each or RM61.9m, assuming no exercise on its ESOS options. Kotra expects its transfer to be effected early next year. (theedgedaily.com)

KPJ: Buys 2 more hospitals for RM72m cash
KPJ Healthcare is acquiring the operator of two medical centres, Sentosa Medical Centre SB, from AMDB Bhd and 22 other corporate and individual shareholders for a total of RM72m cash. KPJ subsidiary, Kumpulan Perubatan (Johor) SB would acquire Sentosa’s entire paid up capital of 8.7m shares and 5.2m redeemable cumulative preference shares (RCPS) for RM66.8m and RM5.2m respectively. Sentosa operates a medical centre in Kuala Lumpur under Sentosa Medical Centre, while a subsidiary Hospital Sentosa SB also operates a centre in Kajang. (theedgedaily.com)

LBS: Signs development MoU in China
LBS Bina Group 51% subsidiary Linkway Property Co Ltd has signed a memorandum of understanding with the local authority of Wuhu City, China, to develop a 203.3ha recreational and ecological park. LBS said it would comprise property development, golf course, hotel, clubhouse and other recreational facilities in Wuhu City of Anhui Province. Phase one, which involve about 123.3ha, comprises 43.3ha for property development and 80ha for an 18 hole-golf course and other recreational facilities. The estimated gross development value for the 43.3ha of property development was RMB1.5bn (RM750m). (theedgedaily.com)