KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Gateway Development Alliance Sdn Bhd has announced that its takeover offer of Malaysia Airports Holdings Bhd
has garnered an effective 84.1% holdings as of 5 PM yesterday.
Reservoir Link Energy Bhd said on Wednesday that its 45%-owned associate has secured a RM20mn subcontract for a 10-megawatt solar farm in Kuala Langat, Selangor.
IGB Real Estate Investment Trust carried out a revaluation on two of its investment properties resulting in a revaluation surplus of RM264mn.
Swift Energy Technology Bhd is expecting mid-teen earnings growth in the current financial year, leveraging new opportunities in the renewable energy industry within the oil and gas sector.
MClean Technologies Bhd has completed its private placement, issuing 49mn new shares at RM0.27 each, representing about 25% of the company's total issued shares, excluding treasury shares.
Aeon Co (M) Bhd announced on Wednesday that the High Court has granted the company a conditional stay of the judgment issued on Dec 16, 2024, which found Aeon in breach of a tenancy agreement with Betanaz Properties Sdn Bhd, a 51%-owned subsidiary of Ahmad Zaki Resources Bhd.
Pantech Global Bhd has entered into an underwriting agreement with Alliance Islamic Bank Bhd for its proposed IPO that comprises the issuance of 262.2mn new shares, representing 30.9% of the company enlarged share capital.
The directors of UUE Holdings Bhd have collectively disposed of shares valued at RM29.1mn on the ACE Market to institutional funds, following the expiry of the typical six-month moratorium period on directors' shares after the company's IPO.
HSS Engineers Bhd has announced that the partnership between its wholly-owned subsidiary HEB Energy Sdn Bhd and Unique Fire Holdings Bhd has secured a contract for the development of a 95MW large scale solar photovoltaic power plant in Hilir Perak, Perak.
Erdasan Group Bhd, formerly known as AT Systematization Bhd, has proposed a share capital reduction to eliminate up to RM100mn of its accumulated losses.
Edaran Bhd has proposed a share capital reduction of up to RM52mn of its RM68.0mn share capital to wipe out its accumulated losses.
CJ Century Logistics Holdings Bhd has appointed Kim Hyunchul, a Korean national, as its deputy chief executive officer with immediate effect.
Construction firm Lim Seong Hai Capital Bhd and soil erosion control company Fibromat (M) Bhd have received approval to transfer their listings to the ACE Market from the LEAP Market.
