KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
WCT Holdings Bhd
has proposed to dispose of three retail properties for RM2.4bn to a newly established real estate investment trust named Paradigm REIT, which will be listed on the Main Market of Bursa Malaysia.
Bursa Malaysia has approved Capital A Bhd’s EGM circular detailing the proposed disposal of its aviation business to sister company AirAsia X Bhd and an EGM will be held within the next three weeks for shareholders to vote on the proposal.
Press Metal Aluminium Holdings Bhd said it has teamed up with three Indonesian companies to operate an alumina refinery plant in West Kalimantan, Indonesia.
YBS International Bhd has proposed to acquire 100% equity in precision manufacturing services units from Allied Technologies Holdings Pte Ltd for a total indicative consideration price of USD38.0mn.
My E.G. Services Bhd has increased its stake to 14.9% in Heitech Padu Bhd following news that HTPADU has once again become a leading contender for the multi-billion ringgit National Integrated Immigration System project.
Barakah Offshore Petroleum Bhd said it is in preliminary talks with a potential buyer from an Indonesian firm for its Kota Laksamana 101 barge.
Niche Capital Emas Holdings Bhd said it has received approval from the Kelantan Department of Mineral and Geoscience to commence hard rock mining operations on a 547-hectare site in Tanah Merah district.
Sarawak Consolidated Industries Bhd said it is buying a vacant leasehold land measuring 2.5 hectares in Bintulu for RM9.2mn to undertake a housing project.
WTK Holdings Bhd's managing director Datuk Seri Patrick Wong Haw Yeong has emerged as a substantial shareholder in the company after raising his stake to 6.2%.
Securemetric Bhd has been awarded a contract valued at RM14.4mn to provide subscription and support and maintenance services for public key infrastructure, hardware security module, SigningCloud and electronic Know Your Customer.
Pekat Group Bhd has accepted a RM115.0mn contract from MF Solar Tronoh Sdn Bhd to undertake engineering, procurement, construction and commissioning works for a 30.0MW AC solar photovoltaic plant for the corporate green power programme at Belanja in Kinta, Perak.
TSR Capital Bhd has accepted a letter of acceptance from Sime Darby Property Bhd for a construction earthworks job at Elmina Business Park 2, Gombak, Selangor worth RM75.0mn.
Kimlun Corporation Bhd has accepted the award of a construction contract from Tanah Sutera Development Sdn Bhd for a residential development in Johor Bahru for a total sum of RM128.1mn.
Solar District Cooling Group Bhd has accepted two contracts from Mitrajaya Corp Sdn Bhd valued at a combined RM8.1mn for works for an 11-storey hospital in Section 14, Shah Alam.
Haily Group Bhd has accepted a letter of award from Meridin East Sdn Bhd for the construction and completion of 393 units of terrace houses and 2 substations at Taman Bestari Perdana Johor Baru, Johor, worth RM75.9mn.
Crest Group Bhd, en route to its listing on the ACE Market of Bursa Malaysia, aims to raise RM45.8mn from its IPO. The IPO is priced at 35.0sen/share, and the listing is scheduled for Oct 9, 2024.
Glomac Bhd's net profit rose 79.0% YoY to RM7.3mn for its 1QFY25, from RM4.1mn a year ago, driven by higher revenue and improved profit margins from better margin projects.
Eco World International Bhd posted a lower net loss of RM8.2mn in 3QFY24, compared with a net loss of RM12.3mn a year earlier, due to higher share of results in joint ventures, lower marketing expenses, and absence of interest costs.
Scientex Packaging (Ayer Keroh) Bhd posted a net profit of RM6.8mn in 4QFY24, from a net profit of RM149k a year ago, as its previous year's fourth quarter result was impacted by a RM22.7mn impairment on its Myanmar operations.
