KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Alliance Bank Malaysia Bhd
is optimistic of achieving a loan growth of 10% and a ROE of more than 10% in FY2025 on the back of a stable net interest margin.
UUE Holdings Bhd’s wholly owned subsidiary has secured contract extensions and renewals worth a total of about RM36.5mn from Komasi Engineering Sdn Bhd.
Paragon Globe Bhd has entered into three development rights agreements with Iskandar Capital Sdn Bhd for the proposed development rights of three parcels of freehold lands in Johor Baru, totalling 63.6 acres that would contribute an estimated profits of RM188.1mn upon the completion of the development.
Nestcon Bhd’s wholly owned subsidiary Nestcon Infra Sdn Bhd has secured a RM25.0mn contract for earthworks and erosion control in Johor’s Senai Airport City.
Infomina Bhd has secured a three-year contract worth RM22.4mn from the Road Transport Department to provide maintenance and support for the Automated Awareness Safety System.
Cypark Resources’s Danau Tok Uban project has officially achieved its commercial operational date for one of the water bodies known as DTU2 with a generation capacity of 30MWac.
ITMax System Bhd said on Tuesday that it has secured a second contract worth RM11.8mn from the Penang Island City Council to deliver video surveillance services.
Swift Haulage Bhd has formed a joint venture with JWD Asia Holding Pte Ltd with a proposed name of Swift Cold Chain Sdn Bhd to operate a cold chain warehouse and transport business in Peninsular Malaysia.
KUB Malaysia Bhd is acquiring a building materials company from CI Holdings Bhd in a related party transaction deal for RM20mn cash, as part of the group's strategy to broaden its revenue base.
MN Holdings Bhd’s managing director Datuk Toh Eng Keat, plus two executive directors Datuk Loy Siong Hay and Datuk Dang Siong Diang, have collectively sold 18mn shares, equivalent to a 3.7% stake, to institutional funds via a direct business deal.
Coastal Contracts Bhd said it has formed a 60%-owned subsidiary, Coastal Watt Energy Pte Ltd, as part of a strategic collaboration to expand into renewable energy projects in the Asia-Pacific region.
Sentoria Group Bhd said its former chief executive officer Datuk Loh Yuen Tuck has initiated legal proceedings against the company in the Industrial Court.
EA Technique (M) Bhd said on Tuesday that it will get an undisclosed payoff as part of an amicable settlement with national oil-and-gas company Petronas over the lease of a floating storage unit vessel.
