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ime Darby completes Oriental-Hyundai buy
KUALA LUMPUR: Sime Darby Bhd said yesterday its subsidiary Hyumal Motor Sdn Bhd has completed the acquisition of the remaining 60% stake in Oriental-Hyundai Sdn Bhd (OHSB) from Oriental Holdings Bhd and Lim Tiong Boon.

Sime Darby said as such, OHSB became its subsidiary with effect from today.

Petra's subsidiary starts bareboat charters from Mount Santubong
KUALA LUMPUR: Petra Perdana Bhd's wholly owned subsidiary Perdana Mercury Ltd (PML) has taken delivery of a new anchor handling offshore support vessel from Mount Santubong LLC yesterday and commenced the bareboat chartering of the vessel for a 10-year period.

According to a Bursa Malaysia filing, Petra said the vessel would be registered as Petra Voyager and that PML had the option to call on the purchase of the vessel on the date falling 84 months, 96 months, 108 months or 120 months from delivery.

Kossan to buy land for RM794,880
KUALA LUMPUR: Kossan Rubber Industries Bhd’s unit Perusahaan Getah Asas Sdn Bhd (PGA) has entered into a sale and purchase agreement with one Tee Ah Kau to buy a 0.81ha of a 2.01ha parcel of agricultural land in Kuala Selangor for RM794,880.

In a statement to Bursa Malaysia today, Kossan said the acquisition would allow it to expand its business operations at the same location, as the land adjoined PGA’s existing premises.