18-07-2025
Trading ideas: CBH, Sunway, Mudajaya, NexG, NationGate, iCents, Zetrix, Saliran, Berjaya, SunCon
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
CBH Engineering Holding Bhd has secured a contract worth RM172mn from an undisclosed client to build a substation's electrical supply system at a proposed data centre in Selangor.
Sunway Bhd and its Singapore-based JV partner, Sing Holdings Residential Pte Ltd, have secured a residential development project worth RM2.3bn in Chuan Grove, Singapore.
Mudajaya Group Bhd said its Indian unit RKM Powergen has been cleared by the High Court of Madras in a case linked to the alleged fraudulent acquisition of the Fatehpur East Coal Block in Chhattisgarh, allocated in 2008.
NexG Bhd has secured a six-month contract extension from the Home Affairs Ministry to continue supplying passport chips to the Immigration Department.
Nationgate Holdings Bhd said the recent raid by the Malaysian Anti-Corruption Commission on its wholly-owned subsidiary is not expected to have a significant impact on the group's financial performance or operations — for the time being.
iCents Group Holdings Bhd is optimistic about achieving double-digit revenue growth in the near term, driven by strong demand for its services and contributions from its manufacturing segment.
Kumpulan Wang Persaraan Diperbadankan has ceased to be a substantial shareholder in Zetrix AI Bhd after disposing of nearly eight million shares in the company earlier this week.
Saliran Group Bhd has appointed Yong Wai Kin, the company's chief financial officer, as executive director of the company.
Tan Sri Lim Kuang Sia, founder and group managing director of Kossan Rubber Industries Bhd , and his brother Lim Kuang Wang are no longer substantial shareholders of Berjaya Corp Bhd.
The Employees Provident Fund has ceased to be a substantial shareholder in Sunway Construction Group Bhd .
