KUALA LUMPUR: Here is a summary of corporate announcements that made headlines recently.
Boustead Heavy Industries Corp
Bhd’s planned disposal of its 20.8% stake in Lumut Naval Shipyard Sdn Bhd to the Ministry of Finance (Inc)-owned Ocean Sunshine Bhd has turned unconditional after shareholders of BHIC endorsed the RM1 deal.
Naza Corp Holdings Sdn Bhd has completed the acquisition of a 100% stake in Berjaya Enviro Holdings Sdn Bhd from Berjaya Corp Bhd for RM700mn in cash.
Fraser & Neave Holding Bhd said on Friday that the company will focus on fixed asset optimisation over the next three years after having allocated more than RM3.0bn in capital expenditure and development of its integrated farm in Gemas.
Pestech International Bhd’s unit Pestech Sdn Bhd has lost an appeal to stop the tampering of machinery used in the Gemas-Johor electrified double track project by main contractor Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd.
The Energy Commission has raised the tariff to transport gas via Peninsular Malaysia’s gas pipeline, owned and operated by Petronas Gas Bhd, to RM1.096 per gigajoule per day (GJ/day) for 2024 versus a base of RM1.063 GJ/day under Regulatory Period 2 (2023-2025).
XOX Bhd plans to undertake a share capital reduction to wipe out RM303mn of the virtual mobile network operator’s accumulated losses.
Penang-based automated test equipment maker TT Vision Holdings Bhd is looking to raise RM25.3mn via a private placement of up to 23.4mn shares or 5% of its enlarged share base, based on an illustrative price of RM1.08.
Uzma Bhd has secured a contract from Sarawak Shell Bhd and Sabah Shell Petroleum Company Ltd to provide integrated production and integrity chemical and associated services.
WTK Holdings Bhd is raising its stake in Sarawak-based rival Durafarm Sdn Bhd by another 15% for RM28.3mn.
Ranhill Utilities Bhd has declared a share dividend distribution on the basis of 0.5 share for every 100 shares held in the utility group. The dividends ex-date is on May 20, with payout on June 13.
Farm Price Holdings Bhd, which is scheduled for a listing on the ACE Market of Bursa Malaysia on May 14, has seen its initial public offering oversubscribed by 91.35 times.
PN17 outfit Sarawak Cable Bhd announced that Datuk Seri Fong Joo Chung has stepped down as non-independent non-executive deputy chairman, effective immediately.
SLP Resources Bhd’s net profit surged 63% YoY to RM4.9mn from RM3.0mn for the financial quarter ended March 31, 2024 (1QFY24), bolstered by better product mix and higher output.
