Corporate News (17 Feb 2012) - from the Edge

1. Shell Refining posts losses of RM99m in 4Q, RM125m in FY11
   KUALA LUMPUR (Feb 17): Shell Refining Company (Federation of Malaysia) Bhd posted losses of RM99.49 million in the fourth quarter ended Dec 31, 2011 and RM125.74 million in losses for FY11, impacted by weak refining margins.
2. Sarawak Cable scraps transmission lines plan in state
   KUALA LUMPUR (Feb 17): Sarawak Cable Bhd has scrapped the plan to work with Sinohydro Corporation (M) Sdn Bhd and KEC International Ltd to develop transmission lines in Sarawak.
3. KEuro to buy 15.8 pct of West Coast Expressway, raise stake to 80 pct
   KUALA LUMPUR (Feb 17): Kumpulan Europlus Bhd has proposed to raise its stake in West Coast Expressway Sdn Bhd (WCESB) to 80 pct a move to strengthen its control of WCESB after it secured the RM7.07 billion west coast highway concession.
4. Perisai sees 5.87 pct stake crossed off-market
   KUALA LUMPUR (Feb 17): Perisai Petroleum Bhd saw 50 million shares crossed in several off-market deals at an average price of 88 sen on Friday. The 50 million shares represented a 5.87 pct stake.
5. Gas Malaysia listing delayed to 2Q
   KUALA LUMPUR (Feb 17): The listing of Gas Malaysia Bhd on Bursa Malaysia Securities has been delayed again and the listing is now expected to be in the second quarter of 2012.