KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
The Employees Provident Fund emerged as a substantial shareholder in Johor Plantations Group Bhd on 9 July 2024, through Citigroup Nominees (Tempatan) Sdn Bhd, which bought 222.2mn shares, or an 8.9% stake in the company.
Redtone Digital Bhd
has acquired a total of 8.4mn shares, representing a 7.1% stake in Theta Edge Bhd, from the open market for about RM13.9mn, cash.
Kimlun Corporation Bhd is forming a joint venture company with Singapore-listed Astaka Holdings Ltd’s indirect 51.0%-owned unit Astaka Capital Sdn Bhd to develop a residential serviced apartment project in Johor Bahru.
Uzma Bhd’s 51.0% owned subsidiary Jannatul Firdaus International Sdn Bhd has entered into an expression of interest with Arafura Energies Ltd and Australian Niugini Service for the sale and purchase of hydrocarbon fuel and products.
JAKS Resources Bhd has partnered with Shanghai-based China Power Engineering Consulting Group International Engineering Co Ltd to bid for the development of solar photovoltaic plants with a maximum aggregate capacity of 500MWac, under the Energy Commission’s LSS5 programme.
KNM Group Bhd has been granted a second extension until 30 October 2024 to submit its PN17 regularisation plan from the earlier deadline of 30 April 2024.
Nestcon Bhd aims to raise RM27.3mn through a private placement of 70.8mn shares or 10.0% of its enlarged share base.
Tafi Industries Bhd has secured a contract worth RM207.5mn from Armani KPF2 Development Sdn Bhd for the overall development and construction of service apartments, SOHO and commercial spaces in Setia Alam, Selangor.
Minetech Resources Bhd has secured a RM4.1mn contract from VED Engineers Sdn Bhd to carry out road and drainage construction for Banting Industrial City.
Radiant Globaltech Bhd is acquiring an 80.0% stake in IT solutions provider Rymnet Solutions Sdn Bhd, for RM52.5mn, from its chief executive officer and major shareholder Un Sze Hau.
Toyo Ventures Holdings Bhd said that the US$980.0mn financing facility it secured from i-Power Solutions Pte Ltd for the Song Hau 2 thermal power plant project is no longer applicable.
EVD Bhd has reinstated its chief executive officer and major shareholder Mah Seong Huak, whom it had suspended for the past 6 months, following what appears to be the conclusion of a boardroom tussle.
