Trading ideas: MMHE, AnwanBiru, Axiata, Capital A, AME REIT, Nestcon, Advancecon, Scanwolf, Borneo Oil, Catcha, Dayang, ICT Zone, Enproserve


KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Malaysia Marine and Heavy Engineering Holdings Bhd has secured a contract from Vestigo Petroleum Sdn Bhd to undertake an engineering, procurement, construction, installation and commissioning project.

The Court of Appeal has recorded a consent judgement between the federal government and Awanbiru Technology Bhd’s unit Prestariang Skin Sdn Bhd, where the government has agreed to pay Prestariang RM201.5mn within three months.

Datuk Keh Chuan Seng has resigned as executive chairman of Ge-Shen Corp Bhd, Tex Cycle Technology (M) Bhd and K Seng Seng Corp Bhd and also as non-independent non-executive deputy chairman of Agricore CS Holdings Bhd, citing personal circumstances.

The shareholders of Axiata Group Bhd have approved the proposed merger between PT XL Axiata and PT Smartfren Telecom Tbk.

Capital A Bhd has extended the cut-off date for the RM6.8bn disposal of its short-haul aviation business to sister company AirAsia X Bhd to May 30.

AME Real Estate Investment Trust has entered into a deal to acquire three industrial properties from its sponsor, AME Elite Consortium Bhd, for RM100.8mn.

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Nestcon Bhd, through its wholly owned subsidiary Nestcon Infra Sdn Bhd, has secured a RM100mn contract from Alam Casana Sdn Bhd for earthworks covering an area of 242 acres in Mukim Kerling, Hulu Selangor.

Advancecon Holdings Bhd said it has secured a RM56.6mn contract for infrastructure works at Ladang Londah in Gemas, Negeri Sembilan.

Scanwolf Corp Bhd has secured a RM10.0mn sub-contract from Sunview Group Bhd for the installation of solar photovoltaic systems on the rooftop and parking facilities at Universiti Malaysia Sabah in Kota Kinabalu, Sabah.

Borneo Oil Bhd said its indirect subsidiary Borneo Oil (Sabah) Sdn Bhd has secured a licence from Petroliam Nasional Bhd as a Sabahan vendor.

Catcha Digital Bhd has proposed to acquire a 92.5% stake in financial software company Theta Service Partner Sdn Bhd for RM35.0mn, as part of the company’s expansion into enterprise IT solutions and to diversify its revenue beyond digital media advertising.

Dayang Enterprise Holdings Bhd's unit DESB Marine Services Sdn Bhd had last month received three work orders from Petronas Carigali Sdn Bhd for the provision of three units of accommodation work boats.

ICT Zone Asia Bhd, which is in the process of transferring from the LEAP Market to the ACE Market, posted a net profit of RM4.4mn for the second half ended Jan 31, 2025, down 16.8% from RM5.3mn a year earlier.

Enproserve Group Bhd, a mechanical and civil engineering service provider, has received approval from Bursa Malaysia for its listing on the ACE Market.

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