KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Samaiden Group Bhd has signed a 21-year power purchase agreement with Tenaga Nasional Bhd
to develop and operate a solar photovoltaic facility.
Solar energy solution provider Solarvest Holdings Bhd said its 60%-owned unit, Nextree Synergy, has signed a large-scale solar PPA with Tenaga Nasional Bhd to develop and operate a 60MW solar plant in Kuala Langat, Selangor.
TSR Capital Bhd has secured a RM219.0mn contract from Kwasa Land Sdn Bhd for infrastructure and water reservoir construction at Kwasa Damansara, Sungai Buloh.
Favelle Favco Bhd has secured five supply contracts via its subsidiaries – Shanghai Favco Engineering Machinery Manufacturing Co Ltd and Favelle Favco Cranes (M) Sdn Bhd – with a total value of RM147.1mn.
Gagasan Nadi Cergas Bhd has secured an en-bloc sale of 523 affordable housing units in the City of Elmina, Shah Alam, for RM134.4mn.
Affin Bank Bhd and MUFG Bank (Malaysia) Bhd, a subsidiary of Japan-based Mitsubishi UFJ Financial Group Inc, have signed a three-year memorandum of understanding to strengthen Malaysia-Japan trade.
ITMax System Bhd has secured a contract from the Seberang Perai City Council worth RM26.6mn.
NCT Alliance Bhd is acquiring a 51% stake in Sabah-based Setara Juara Sdn Bhd for RM22mn.
YTL Power International Bhd expects to launch Malaysia’s first Nvidia supercomputer in the early third quarter of this year, making it one of the first cloud providers in the Asia-Pacific to offer Nvidia’s Blackwell platform.
Sapura Industrial Bhd has partnered with Germany’s Mubea Fahrwerksfedern GmbH to enhance its production of hollow stabiliser bars and high-stress coil springs.
Heitech Padu Bhd CEO Hasrul Azuan Mohd Yusof has resigned after just three months in the role, effective immediately, to pursue other career opportunities.
IGB Commercial REIT announced the resignation of CEO Elizabeth Tan Hui Ning, 41, due to medical reasons, effective immediately.
PEOPLElogy Bhd, a provider of integrated people development solutions in digital workforce transformation, has signed an underwriting agreement with Kenanga Investment Bank Bhd in conjunction with its listing on the ACE Market of Bursa Malaysia.
Jeweller Poh Kong Holdings Bhd said its second quarter net profit rose 4.8% to RM29.6mn from RM28.3mn a year earlier, on the back of higher gold prices.
Eco World International Bhd recorded RM58mn in property sales in the first four months of FY2025, but reported zero revenue for 1QFY25, as overseas sales do not immediately translate into revenue., and a net loss of RM3.8mn.
ACE Market-bound Lim Seong Hai Capital Bhd reported a 19% YoY increase in net profit to RM18.5mn for 1QFY25, up from RM15.5mn, driven by higher gross profit from construction works in Tangkak.
