Author Topic: 7219 ~ Minetech TP 1.00  (Read 243 times)

Offline yenboys

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7219 ~ Minetech TP 1.00
« on: March 04, 2021, 09:45:46 AM »
Minetech  had bagged a RM27.69 million contract to undertake upgrading works at the Cheras-Kajang Expressway for the proposed Emerald 9 Cheras development in Cheras Selangor.
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Offline yenboys

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Re: 7219 ~ Minetech TP 1.00
« Reply #1 on: March 04, 2021, 09:46:09 AM »
Minetech Construction Sdn Bhd (MCSB) has received a letter of intent from Bumimaju MTE Engineering Sdn Bhd to appoint MCSB as a contractor to undertake a civil works project.
Minetech Resources said the civil works project is related to a pipeline laying project at Hulu Grik in Perak.
The project is expected to take approximately 12 months from the date of securing the site, whilst the terms and conditions of the project is to be finalised within 6 months’ time.
The project is expected to contribute positively to the revenue, earnings and net assets of the group for the financial year ending  2021
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Re: 7219 ~ Minetech TP 1.00
« Reply #2 on: March 04, 2021, 09:46:53 AM »
Minetech Resources Bhd has been awarded a contract value of RM37.46 million to undertake a civil works project.
Minetech Resources said its wholly-owned subsidiary Techmile Resources Sdn Bhd accepted a letter of award (LOA) dated Oct 19 from ARNN Technologies Sdn Bhd, appointing Techmile Resources as a contractor to undertake and complete the contract works to "design, build, supply, install, configure, test and accredit Integrated Data Centers" on a call out basis option for works.
Under the contract, Minetech Resources said that ARNN Technologies will instruct Techmile Resources to carry out the works on selected scopes under the LOA.
The works will commence upon acceptance of the service order and is expected to be completed within 24 months from the commencement date with any extension period obtained from the project owner to be added to the completion date.
The works are expected to contribute positively to the revenue, earnings and net assets of Minetech Group for financial year ending 2021.
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Re: 7219 ~ Minetech TP 1.00
« Reply #3 on: March 04, 2021, 09:47:51 AM »
MRB through its wholly-owned subsidiary Minetech Construction Sdn Bhd (MCSB) accepted two contracts to undertake and complete subcontract works from Mutual Premium Sdn Bhd (MPSB)  RM30.4 million .MPSB contract is for the construction of a 36 classroom block in SMK Pelangi Perdana, Parit Buntar, Ipoh  contract with a value of RM30.4 million
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Re: 7219 ~ Minetech TP 1.00
« Reply #4 on: March 04, 2021, 09:49:03 AM »
Minetech owned subsidiary  Coral Power Sdn Bhd   we have successfully secured a contract to build a large-scale solar photovoltaic (PV) plant of 10 MW capacity in Manjung, Perak at the offer price of 37.5 sen per kWh for a period of 21 years.
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Re: 7219 ~ Minetech TP 1.00
« Reply #5 on: March 04, 2021, 09:49:51 AM »
Barclays Capital  Acquired  7,361,700 shares
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Re: 7219 ~ Minetech TP 1.00
« Reply #6 on: March 04, 2021, 09:50:09 AM »
Minetech's associate bags RM15m job to supply, instal traffic signs under Phase 1 of Pan Borneo Highway project
Minetech Resources Bhd's associate company, Konsep Khas Sdn Bhd, has bagged a subcontract worth RM15.04 million from KH Communication Sdn Bhd to supply and instal traffic signs and overhead signboards for Phase 1 of the Pan Borneo Highway project in Sarawak.
Phase 1 of the project involves the Serian, Sri Aman, Bintulu and Miri stretches, Minetech said in a stock exchange filing today. The one-year project's effective start date was Nov 2, and shall be completed by Nov 1, 2021.Minetech expects the project to contribute positively to its earnings and net assets for the financial year ending  2021
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Re: 7219 ~ Minetech TP 1.00
« Reply #7 on: March 04, 2021, 09:54:35 AM »
Minetech  wholly-owned subsidiary Techmile Resources Sdn Bhd (TRSB) inked a to acquire in Uniqa (M) Sdn Bhd.
This strategic partnership will allow TRSB to leverage on Uniqa's extensive network and extend TRSB's reach into the fintech industry in a shorter time.
TRSB is at present principally engaged in design, development and sale of technology and innovative products, while Uniqa is in the business of information technology, software and application development, as well as e-commerce.
Minetech  that the exercise will transform TRSB into a full stack fintech solutions provider in Malaysia where consumers can compare and identify a variety of financial products that best suit their needs, in addition to simplifying product purchasing process digitally.
Uniqa's system is currently being used by two local banks in Malaysia, focusing mainly on cross-border remittance payments, which will create additional opportunities for TRSB to expand its services and launch supplementary fintech related products in the near future.
 Uniqa has also established partnership with several local and overseas banks particularly in Indonesia, China, and the Philippines, as well as in other Asian countries and is in the midst of exploring new ventures in the Middle East and European countries.
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Re: 7219 ~ Minetech TP 1.00
« Reply #8 on: March 04, 2021, 09:55:55 AM »
Allianz  Acquired Minetec 49,542,000 shares
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Re: 7219 ~ Minetech TP 1.00
« Reply #9 on: March 04, 2021, 09:58:26 AM »
 Minetech Resources Bhd has registered as a solar photovoltaic (PV) investor (RPVI) with Sustainable Energy Development Authority Malaysia (SEDA) under the Net-Energy Metering (NEM 3.0) Programme.The group is now allowed to sell electricity via the renewable power purchase agreement (REPPA) under the NEM 3.0 programme to government agencies, businesses, and individuals.
Introduced by the Energy and Natural Resources Ministry, the NEM 3.0 programme offers a quota of 500 megawatts from 2021 to 2023 and it aims to encourage the growth of renewable energy (RE), providing an opportunity for more users such as government agencies, houses of worship, as well as companies to instal the solar PV systems on the roofs of their respective buildings.
The venture into the solar business sector, Minetech executive chairman Datuk Awang Daud Awang Putera said the transformation into RE sector will complement Minetech's business growth in the solar market and subsequently diversify its income sources.With the government's goals to increase the use of RE to 20% by 2025, we are optimistic that the RE sector has a promising prospect in the long run.We are determined to play a part in supporting the government's policy to encourage the growth of green technology in the country and will continue to explore more business opportunities in the RE sector.
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