08-07-2025
Trading ideas: NexG, PETRONAS Gas, OSK, Sime Darby Property, Lotte, GenM, OneTech, iCents, PMCK
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
NexG Bhd has secured several contract extensions from the Home Ministry with the value disclosed for some of them adding up to RM45.6mn.
Petronas Gas Bhd has fully restored natural gas supply to Batu Tiga, Shah Alam, and Connaught Bridge after successfully commissioning a newly constructed bypass pipeline on 1 July 2025.
OSK Holdings Bhd is acquiring Wilayah Credit Sdn Bhd for RM16.5mn in cash to expand into motorcycle financing.
Sime Darby Property Bhd , via wholly owned unit Sime Darby Property (Hong Kong) Ltd, has entered into a loan agreement to provide £10mn (RM58mn) in shareholders' advances to Battersea Project Holding Co Ltd.
Lotte Chemical Titan Holding Bhd is undertaking a 10-year related-party transaction valued at US$2.99bn (RM12.7bn) via a supply agreement between subsidiaries in Indonesia.
Genting Malaysia Bhd announced that its US subsidiary, Genting Americas Inc, has obtained a favourable outcome in a legal dispute after the US District Court for the Southern District of Florida granted its motion to dismiss a lawsuit filed by RAV Bahamas Ltd.
OneTech Solutions Holdings Bhd has been served with a winding-up petition by former MD Lau King Yew, escalating an internal legal dispute.
iCents Group Holdings Bhd said its IPO has been oversubscribed by 2.3x ahead of its ACE Market debut on 17 July.
PMCK Bhd is expanding regionally with a new private medical centre, PMC Kulim, slated to begin operations in 1Q28.
