Company Announcement: LCTH CORPORATION BERHAD

On behalf of the Board of Directors of LCTH, Aseambankers Malaysia Berhad is pleased to announce that the Pejabat Pengarah Tanah Dan Galian Johor has, vide its letter dated 29 January 2008, given its consent for the lease of the Property from MMM2 to CASB for a period of twelve (12) years (“Approval”), subject to the condition that the lease agreement for the purpose of the lease of the Property be submitted to the Pejabat Tanah Dan Galian Johor/Pejabat Tanah Daerah within six (6) months from the date of the aforesaid Approval.This announcement is dated 4 February 2008. Read More

(7-2-2008 KLSE)

Supply raw materials at competitive prices, steel mills urged

THE Steel Wire Association of Malaysia (SWAM) is calling for support from local steel mills for the supply of competitively-priced raw materials to the downstream sector."This is to offset mounting pressures on price hikes from scrap, iron ore, energy and freight," it said in a statement. Over the past 12 months, the cost of wire rods has increased eight times, or as much as 35 per cent to RM2,700 per tonne from RM1,659 previously, it said.As wire rods constitute almost 85 per cent of the total price of the finished products, SWAM said, there is no choice but to pass down the frequent high price of the finished product to consumers."Due to the high price of raw materials, our members are now facing intense competition to export their finished products," it said.SWAM said statistics from Malaysia External Trade Development Corp (Matrade) show that for 2006, of the RM8 billion worth of steel products exported, only 45 per cent, or RM360 million, come from steel wire and wire products. Read more

(7-2-2008 New Straits Times)

Islamic healthcare REIT wins Euromoney award

AL-'AQAR KPJ REIT, the first Islamic healthcare REIT in Malaysia, has won the Islamic Finance Award for the Most Innovative Deal Category from Euromoney magazine.Euromoney is a leading capital markets magazine for professionals around the globe involved in the world of banking.Its managing director Simon Brady presented the award to KPJ Healthcare Bhd managing director Datin Paduka Siti Sa'diah Sheikh Bakir in London on Tuesday.The award was for the issuance of up to RM300 million Sukuk Ijarah Programme by Al-'Aqar Capital Sdn Bhd, a wholly-owned subsidiary and funding vehicle of Al-'Aqar KPJ REIT. Read more

(7-2-2008 New Straits Times)