Trading ideas: SunCon, Press Metal, Genting Plantations, MCE, Fima, EG, MYEG, Grand Central, Masteel, Sik Cheong, Optimax, CIMB


KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.

Sunway Construction Group Bhd, which in March won a RM747.8mn contract from a US-based multinational technology corporation for the construction of a data centre in Selangor, announced the award of a sub-contract relating to the project worth RM417.8mn.

Press Metal Aluminium Holdings Bhd has inked a collaboration agreement with China’s Xi’an Jiaotong University to research and develop a carbon capture and utilisation model involving its manufacturing process.

Genting Plantations Bhd, in which Genting Bhd owns a 55.4% stake, is planning to buy two plots of land in Indonesia for RM593mn, for property development.

MCE Holdings Bhd has clinched a RM19.6mn contract to supply electronic and mechatronic components for Perusahaan Otomobil Kedua Sdn Bhd's first electric vehicle.

FIMA Corp Bhd has secured a RM93.9mn contract from the Ministry of Education to print and supply confidential documents to the ministry.

EG Industries Bhd has secured a confirmed purchase order valued at USD117mn for 5G photonics related products.

My E.G. Services Berhad has announced that the earlier MoU signed between its subsidiary MyEG Lodging and JCorp will now be replaced with a sales and purchase agreement for the acquisition of the said parcels of land.

Trading of securities in Grand Central Enterprises Bhd will be suspended today pending the release of a material announcement.

Malaysia Steel Works (KL) Bhd plans to raise up to RM31.7mn by placing out 10% of its enlarged share base, primarily to fund its working capital.

Sik Cheong Bhd aims to raise RM17.8mn via an IPO exercise on the ACE Market of Bursa Malaysia with the money meant for expansion of its operations.

Optimax Holdings Bhd’s subsidiary, Optimax Eye Specialist Centre Sdn Bhd has entered into a MOU with the Health Ministry to offer eye examinations to primary school students in the Putrajaya area.

CIMB Thai Bank PCL’s, 94.83%-owned by CIMB Group Holdings Bhd, 2QFY24 net profit rose 24% to THB668.5mn (RM86.3mn), driven by gains on financial instruments, investments and higher operating income.

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