BFM 89.9

Podcast  >  Morning Run  >  Market Watch  >  Priceworth Berhad Acquisition Game-Changer

Priceworth Berhad Acquisition Game-Changer

Richard Koo, Executive Director, Priceworth Berhad

25-Nov-16 09:20

Priceworth Berhad Acquisition Game-Changer

The recent acquisition by Priceworth Berhad of an 81-year concession for timber logging & replanting rights in FMU 5, a forestry reserve in Trus Madi, Sabah is expected to lead to better earnings recovery and provide an ample supply of raw materiel for the company

As the group counters falling demand from China, it also faces stresses in its balance sheet where current liabilities exceed current assets by RM71m as at FY16. According to Richard Koo, Executive Director of Priceworth Bhd the acquisition will be a funded by a rights issue which will also help deleverage the company.  

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.


Tags:  Malaysia equitiesPriceworth Berhadtimber

Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows

6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

7:15 AM

Morning Brief

8:00 AM

The Breakfast Grille

Shamsul Bahar Mohd Nor, Group Chief Executive Officer, Malaysian Green Technology & Climate Change Corporation (MGTC)

8:30 AM

Morning Brief

9:00 AM

Opening Bell

9:35 AM

What's the Focus

10:05 AM

Open For Business

Hazwan Najib and Marian Virumandi, Health Digital Technologies

11:05 AM

Tech Talk

MSP with Matt Armitage

12:00 PM

Enterprise Biz Bytes

1:00 PM

The Breakfast Grille Repeat

2:05 PM

Front Row

The Elixir of Love

2:05 PM

Front Row

2:20 PM

Front Row

3:05 PM

Redefining Success

Smacking Noodles; Liew Xian Jiong, Founder, Biang Biang Noodle Bar

4:05 PM

Health & Living

Doctor in the House: Malaysia’s Blueprint for The Aged Population

5:00 PM

The Evening Edition

5:35 PM

Today On Twitter

6:05 PM

Inside Story

7:05 PM

The Evening Edition

8:05 PM

Just For Kicks

9:00 PM

A Bit of Culture

10:00 PM

Track By Track