Trading ideas: Malakoff, TH, Axiata, YNHP, Capital A, AirAsia X, AmBank, Taghill, Mah Sing, Datasonic, Salcon, Ecobuilt, Eonmetall, Key Alliance, EVD


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

Malakoff Corp Bhd has extended the deadline for fulfilling conditions precedent in its proposed 49% stake acquisition in E-Idaman Sdn Bhd by three months to April 28.

TH Plantations Bhd’s 60%-owned subsidiary, TH Pelita Simunjan Sdn Bhd, is facing a RM230.3mn lawsuit for alleged trespassing on native customary rights land in Simunjan, Sarawak.

Axiata Group Bhd and Sinar Mas have signed two letters of intent to explore strategic partnerships.

YNH Property Bhd says the independent assessment report for its joint venture and turnkey contracts, prepared by Messrs UHY, is expected to be finalized by Feb 15.

Capital A Bhd and AirAsia X Bhd have agreed to extend the cut-off date for completing the disposal of AirAsia Aviation Group Ltd and AirAsia Bhd to AAX by two months from Jan 25 to March 24.

Bank Negara Malaysia imposed an RM875,000 compound on AmBank (M) Bhd on Nov 18, 2024, for non-compliance with the Direction to Financial Institutions under the Financial Services Act 2013.

CIMB pledges RM3.6mil at four People’s Housing Projects

Taghill Holdings Bhd will not proceed with a RM38.9mn contract to construct a 15-storey columbarium in the city centre due to rising material costs.

Mah Sing Group Bhd expects its data centre venture to benefit from DeepSeek’s advancements in AI, which leverage lower-powered chips for high-performance computing.

Datasonic Group Bhd’s subsidiary, Datasonic Technologies Sdn Bhd, has secured a one-year extension to its contract worth RM104.8mn for supplying passport chips to the Malaysian government.

Salcon Bhd announced that its 70%-owned unit, Mentari Kamuning Sdn Bhd, a subsidiary of Energy Valley Sdn Bhd, has signed an enhanced dispatch agreement connection with Tenaga Nasional Bhd for a 7MWac solar energy facility in Sungai Siput, Kuala Kangsar.

Ecobuilt Holdings Bhd has proposed a share capital reduction amounting to RM35mn and a rights issue to raise fresh capital.

Eonmetall Group Bhd has proposed a private placement of up to 91.4mn shares (30% of its share base), aiming to raise RM22.1mn for loan repayments and working capital, including raw material purchases.

Key Alliance Group Bhd has appointed Datuk Wira Farhash Wafa Salvador as its new chairman.

EVD Bhd has appointed Datuk Seri Shahril Mokhtar as non-executive chairman, effective Feb 1.

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