KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.
Aurora Mulia Sdn Bhd, a company linked to tycoon Tan Sri Syed Mokhtar Al-Bukhary, has sold its entire 31.9% stake in Media Prima and exited after five years as the largest shareholder in the media group.
Heitech Padu Bhd
has terminated its agreement to acquire a 30% stake in Souqa Fintech Sdn Bhd, less than two weeks after entering into the share subscription agreement.
Tuju Setia Bhd's JV company has secured a RM317.6mn contract to build a new block at Gleneagles Hospital in Jalan Ampang.
Uzma Bhd said its maiden 50MW LSS4 project located in Sungai Petani, Kedah has reached its commercial operation date on Sept 25.
Dayang Enterprise Holdings Bhd has secured order awards from Petronas Carigali Sdn Bhd for six accommodation work boats.
Hibiscus Petroleum Bhd has completed the farm-in arrangement with Petronas Carigali Sdn Bhd to acquire a 30% participation interest in the PM327 production sharing contract.
ITMax System Bhd’s subsidiary, Southmax Sdn Bhd has been appointed by Muar Municipal Council as the smart parking operator, managing 8,650 street parking bays in the Muar district.
Sapura Resources Bhd said its managing director Datuk Shahriman Shamsuddin has been placed on a leave of absence effective Sept 11, pending ongoing investigations, confirming a report in The Edge Malaysia weekly.
Dialog Group Bhd's chief operating officer Mustaffa Kamal Abu Bakar has been promoted to chief executive officer, effective Monday.
Ramssol Group Bhd has been appointed as the authorised business partner for sales and marketing activities for a Singapore-based company.
HE Group Bhd, which debuted on the ACE Market in January, has proposed a special issue of 45.6mn new shares or 9.4% of its enlarged share capital to meet its Bumiputera equity condition.
Sorento Capital Bhd, a provider of bathroom and kitchen sanitary ware solutions, is set to raise RM57.4mn through its initial public offering and plans to recruit 200 new dealers across Malaysia over the next three years.
ACE Market-bound Northeast Group Bhd’s issue of 37.0mn shares to the public has been oversubscribed by 73.4 times, according to the Malaysian Issuing House Sdn Bhd.
