KUALA LUMPUR: Companies with recent corporate announcements include Kumpulan Jetson, Reneuco, Dataprep, MGB, RCE Capital
, KKB, NationGate, Southern Acids, Perdana Petroleum and Industronics, said Apex Securities Research.
A group of Kumpulan Jetson Bhd’s minority shareholders, who claimed to own at least 10% stake in the company, are making a second attempt to call for an extraordinary general meeting to replace the group’s incumbent board of directors.
Reneuco Bhd’s external auditor issued a disclaimer of opinion for the group’s 15-month financial statements ended Sept 30, 2023 (FY2023) due to insufficient appropriate audit evidence.
Dataprep Holdings Bhd’s Indonesian unit PT Jaringan Pintar Bersama (JPB) inked an agreement with PT Bandung Infra Investama (Perseroda) Tbk for a 30-year concession to develop and maintain passive telecommunication infrastructure in Bandung, Indonesia.
MGB Bhd’s indirect wholly-owned unit MGB International for Industry has secured two purchase orders, totalling approximately 94.5 million riyals (RM119.55 million), from Saudi Arabia-based Sany Alameriah Industrial (SA). MGBI inked a joint-venture agreement with SA in July last year, in which the company will operate SA’s precast concrete factory.
RCE Capital Bhd’s net profit slipped a marginal 1.7% to RM34.56 million for the third quarter ended Dec 31, 2023, from RM35.18 million a year earlier, on higher directors' remuneration and staff costs as well as allowances for impairment loss on receivables.
OceanMight Sdn Bhd, a 66.31% subsidiary of KKB Engineering Bhd, has entered into a memorandum of understanding with Samsung Engineering Co Ltd to cooperate in the tendering for potential global projects which may involve specialised scope of work and supply such as oil and gas process modules and structures.
Nationgate Holdings Bhd is acquiring Hesechan Industries in Prai, Penang from Heap Seong Chan Company Sdn Bhd for RM25 million in cash, as it seeks to acquire additional manufacturing space to facilitate its business expansion.
Southern Acids (M) Bhd entered into a share sales agreement to acquire the remaining 10% stake or 300,000 ordinary shares in Firstview Development Sdn Bhd from Low Mong Hua Sdn Bhd for a total cash consideration of RM23.5 million.
Perdana Petroleum Bhd’s wholly-owned subsidiary Perdana Nautika Sdn Bhd has secured two separate contracts totalling RM14.3 million.
Electronics products manufacturer Industronics Bhd is venturing into the halal F&B and halal convenience store business in Hong Kong.
