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MMC Corporation Bhd (MMCB.KL)

MMCB.KL on Kuala Lumpur Stock Exchange

2.49MYR
27 Mar 2017
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RM2.49
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1,053,444
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RM2.65
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RM1.94

Latest Key Developments (Source: Significant Developments)

MMC Corporation Bhd posts quarterly profit attributable 267.4 million rgt
Tuesday, 28 Feb 2017 05:12am EST 

MMC Corporation Bhd : Qtrly profit attributable 267.4 million rgt . Qtrly revenue 1.85 billion rgt .Year ago qtrly revenue 958.5 million rgt; year ago qtrly profit attributable 176 million rgt.  Full Article

MMC Corporation's unit to dispose MMC Oil & Gas Engineering for 50 mln rgt
Thursday, 19 Jan 2017 06:03am EST 

Mmc Corporation Bhd : Unit entered into a share purchase agreement with melati pertiwi for disposal interest in MMC Oil & Gas Engineering , for 50.0 million .MMC Group is expected to have a one-off gain on disposal from the proposed disposal of 16.5 million rgt.  Full Article

MMC Corp enters into share sale and purchase agreement
Friday, 13 Jan 2017 05:40am EST 

MMC Corporation Bhd : Entered into a conditional share sale and purchase agreement with Seaport Management Services Sdn Bhd . To acquire 7,000 ordinary shares of RM1.00 each and 5 million irredeemable convertible cumulative preference shares of RM1.00 each in KMB Seaport .Deal for a cash consideration of 21.0 million RGT.  Full Article

MMC Corporation updates on unit's arbitral proceedings against Pioneer Smith
Friday, 14 Oct 2016 06:52am EDT 

MMC Corporation Bhd : unit, Pelabuhan Tanjung Pelepas (Ptp) received final arbitral award for arbitral proceedings initiated by ptp against Pioneer Smith . arbitral tribunal held that the causes of action relied on by psm has no merits and dismissed psm’s counterclaim . arbitral tribunal dismissed ptp’s claim, inter alia, for a declaration that the sub-lease agreement of 28 june 2005 had been determined . Arbitral tribunal allowed ptp’s claim for outstanding rentals in the sum of rm2.6 million being agreed rentals of land .arbitral proceedings is not expected to have a material impact on earnings and net assets of mmc group for fy ending 31 december 2016..  Full Article

MMC Corporation qtrly net profit 125.0 mln rgt vs 1.35 bln rgt
Thursday, 25 Aug 2016 06:00am EDT 

MMC Corporation Bhd : Qtrly net profit 125.0 million rgt versus 1.35 billion rgt ; revenue 950.3 million rgt v 1.44 billion rgt . No interim dividend has been recommended by the directors for the current quarter ended 30 June 2016 . Group remains positive of its prospects, driven by stable performances of its operating companies " . Mmc corp - "contribution of energy & utilities division to the group's revenue and earnings will be reduced as a result of full year impact of the deconsolidation of malakoff" .  Full Article

MMC Corporation enters conditional SPA with Seaport Terminal Johore
Friday, 5 Aug 2016 06:47am EDT 

MMC Corporation Bhd : Entered into a conditional share sale and purchase agreement ("spa") with Seaport Terminal (Johore) Sdn Bhd . SPA to acquire 36 million ordinary shares in ppsb representing about 49.0% ordinary equity interest in PPSB for cash consideration of 200.0 million rgt .  Full Article

Petra Energy says unit entered into MOU with MMC Oil & Gas Engineering
Friday, 22 Jul 2016 12:35am EDT 

Petra Energy Bhd : Unit entered into a Memorandum Of Understanding on 20th July with MMC Oil & Gas Engineering Sdn Bhd .  Full Article

MMC Corporation says unit served with winding up petition by Mewah Indah Resources (M) Sdn Bhd
Tuesday, 7 Jun 2016 05:39am EDT 

MMC Corporation Bhd : Says unit, Kontena Nasional Berhad,served with a winding up petition on 7 June 2016 by Mewah Indah Resources (M) Sdn Bhd . Winding up petition in respect of judgment in default dated 14 November 2014 for sum of rm5.4 million together with further interest thereto . Winding up proceedings arose from non-payment by knb of the judgment sum . Winding up proceedings will not have any significant financial and operational impact on MMC Group for FY ending 31 December 2016 . No material loss is expected to arise from the winding up proceedings .  Full Article

MMC Corporation Bhd posts qtrly net profit 51.3 million rgt
Tuesday, 31 May 2016 06:05am EDT 

MMC Corporation Bhd : Qtrly net profit 51.3 million rgt versus 95.8 million rgt; qtrly revenue 936.3 million rgt versus 1.98 billion rgt .  Full Article

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