2.12.2009 LOCAL BUSINESS NEWS

Scientists in Singapore have discovered a natural compound in palm oil that can kill breast cancer cells. The
compound, called gamma-tocotrienol, which is extracted in its natural form from palm oil, demonstrated powerful cancer-killing
properties, according to findings by Davos Life Science Singapore, unit of Kuala Lumpur Kepong (KLK MK, Hold, TP:
RM15.22). The centre said the compound could be found at low levels in food sources such as palm oil barley and rice bran.
This was the first tocotrienol study to identify the key upstream regulators that mediated breast cancer progression and
invasion, the centre said. (Starbiz)
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Mah Sing Group Bhd has fixed the issue price of its proposed private placement at RM1.55 per share. Mah Sing said
yesterday the issue price represented a 9.9% discount to the volume weighted average market price for the 5 market days
preceeding Dec 1 of RM1.72. (Financial Daily)
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Proton Holdings Bhd plans to export its Exora model to Australia and Middle East next year, launch its first model in
India in 2011 and export 50% of its total production within 3 years, said managing director Datuk Syed Zainal Abidin Syed
Mohamed Tahir. He said Proton expected to export 26,000 cars or about 24% of its production by the end of its current
financial year in March 2010 and hoped to raise it to 40,000 units in FY2011. They plan to achieve the 50% export and 50%
domestic market ration within 3 years as the economy is recovering, Datuk Syed Zainal said. He also said Exora had received
25,000 booking since its launch in April and 1,500 bookings in Indonesia. In Thailand, Proton expects to sell 150 units of Exora
each month. As for India, Syed Zainal said Proton hoped to announce a local partner early next year and launch their first car
within a year. (Financial Daily)
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Kim Loong to buy firm to expand oil palm landbank. Kim Loong Resources Bhd, plans to buy a 60% stake in Sarawak’s
Tetangga Akrab Pelita (Pantu) Sdn Bhd for RM25m, to increase its landbank for oil palm plantation. It announced to Bursa
Malaysia that it would buy Tetangga Akrab Sdn Bhd’s entire stake or 2.02m shares of RM1 each in Tetangga Akrab Pelita. The
remaining 40% is owned by state agency Pelita Holdings Sdn Bhd. The deal is expected to be completed by January 2010.
(BT)
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Malakoff Corp Bhd CEO denies Jimah plant stake purchase. The Jimah power plant is an independent power producer in
Port Dickson, while Malakoff is the largest private power producer in Malaysia. CEO Ahmad Jauhari Yahya says Malakoff is
always looking for opportunities to expand its operations and doesn’t rule out possible mergers and acquisitions in the future.
However he stressed the key issue within the company was ensuring its operational competitiveness remained intact. (StarBiz)
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SC released an issuer eligibility guidelines for structured warrants, which helps the regulator assess the suitability of
structured warrants issuers. The guidelines take effect immediately, and state that structured warrants issuers must submit a
declaration to SC confirming they comply with the requirements pertaining to the issuer’s risk management measures, sales,
and marketing practices and internal control procedures. The declaration has to be submitted at least a month before the
prospectus for the structured warrants issues is submitted for registration by the SC. The approval for issuance and listing of
structured warrants has moved to SC from Bursa Malaysia. (BT)
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