KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KJTS Group Bhd
has entered into a joint venture with Stonepeak Kelvin Holdings Ltd, an affiliate of New York-based investment firm Stonepeak Partners LP, to develop, operate, and invest in cooling assets.
TT Vision Holdings Bhd has clarified that it is unaware corporate developments that may account for the recent sharp rise in the price and volume of its shares, following an Unusual Market Activity query issued by Bursa Malaysia.
Mag Holdings Bhd has proposed to acquire farmland and other assets in Tawau, Sabah, for RM39.6mn through related-party transactions.
Topmix Berhad has entered into a sale and purchase agreement with Navabuild Contract Sdn. Bhd for the proposed disposal of a piece of freehold vacant industrial land held in the Mukim Senai, District of Kulai, State of Johor for a total cash consideration of RM6.1mn.
Catcha Digital Bhd has made its fourth acquisition in nearly 4 months, acquiring a 60.0% stake in digital media advertising firm Framemotion Studio Sdn Bhd for RM37.3mn in cash.
FSBM Holdings Berhad had entered into a Memorandum of Understanding with Exitra Sdn. Bhd. on 14 March 2025 for exploration of collaboration opportunities and partnership opportunities.
HHRG Bhd’s largest substantial shareholders, Ch’ng Chen Mong and Tan Poh Cheng, have fully exited the company after selling their entire 17.8% stake in the Penang-based biomass material manufacturer.
Pertama Digital Bhd has entered into a term sheet to acquire an 80.0% stake in D-Ron Singapore and D-Ron Malaysia for RM106.11mn as part of its regularisation plan after missing Bursa Malaysia’s submission deadline of 9 February 2025.
Compugates Holdings Berhad reported a loss before tax of RM5.1mn in 3QFY24, which was approximately RM2.8mn higher as compared to a loss of RM2.0mn in 3QYF23, mainly due to higher operating costs by approximately RM4.2mn.
