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NEWS IN BRIEF: AUG 7, 2008

Bernama - Friday, August 8

CAHAYA MATA SARAWAK BHD expects its power purchase agreement negotiations with Sarawak Energy Bhd to be completed in the near future.

Meanwhile, it is negotiating a definitive licensing agreement with Alcan Pechiney on the supply of aluminium technology.

Cahaya Mata is also close to finalising the detailed environment impact assessment studies for the proposed design, engineering, construction, commissioning and operation of an aluminium smelter plant in Similajau, Sarawak. -- BERNAMA

FRASER & NEAVE HOLDINGS BHD has recorded a higher pre-tax profit of RM56.454 million for its third quarter ended June 30, 2008 from RM48.437 million in the previous corresponding quarter.

Its revenue also rose to RM884.587 million from RM815.931 million. -- BERNAMA

EKOWOOD INTERNATIONAL BHD posted a lower pre-tax profit of RM5.883 million for its first half ended June 30, 2008 from RM10.351 million previously.

Its revenue also dropped to RM61.098 million from RM76.884 million before. --BERNAMA

QSR BRANDS BHD has obtained an approval in principle from Yum! Restaurants Asia Pte Ltd, to operate the Pizza Hut business in Cambodia, following its success in managing KFC Restaurants there.

For this purpose, QSR said its unit, Kampuchea Food Corporation Co Ltd (KFCL) will incorporate a new wholly-owned subsidiary with an authorised and paid-up share capital of RM2.4 million.

It said the move would further broaden QSR's earnings base from overseas ventures as KFC had already made its presence felt in Indochina.

Although a low-income country, Cambodia has the potential for growth as the country embraces democracy and institutional reforms which are well supported by the World Bank, the United Nations and others. -- BERNAMA

UHS AS

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