Trading ideas: SCIB, HeiTech Padu, Exsim, Sorento, Azam Jaya, OB, EUPE


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

CIB Concrete Manufacturing Sdn Bhd, a wholly owned subsidiary of Sarawak Consolidated Industries Bhd, has accepted Islamic banking facilities totalling RM48.0mn from Affin Islamic Bank Bhd.

Heitech Padu Bhd has secured a contract worth RM892.2mn for the Malaysian Immigration Department’s National Integrated Immigration System.

Exsim Hospitality Bhd’s, previously known as Pan Malaysia Holdings Bhd, wholly owned subsidiary Exsim Concepto Sdn Bhd has won a sub-contract work package for RM60.0mn.

Sorento Capital Bhd’s IPO saw strong demand, with the 43mn shares available to the public being oversubscribed by 39 times at an offer price of 37 sen per share.

Sabah-based major road infrastructure construction firm Azam Jaya Bhd, is planning to raise RM61.5mn from its IPO.

OB Holdings Bhd, slated for listing on the Ace Market of Bursa Malaysia on Oct 29, announced that the 19.58mn new shares it offered to the Malaysian public under its IPO have been oversubscribed by 109.5 times.

Eupe Corporation Berhad's pre-tax profit rose by RM5.9mn or 38.8% to RM21.1mn in 2QFY25, up from RM15.2mn in 1QFY25.

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Trading ideas , SCIB , HeiTech Padu , Exsim , Sorento , Azam Jaya , OB , EUPE

   

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