Latest news with #RM1bn
The Star
6 days ago
- Business
- The Star
Trading ideas: Gamuda, Kawan Renergy, Pekat, Warisan TC, Tan Chong, Avaland, Greenyield, UUE, CelcomDigi, Solarvest, Camaroe
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. The Perak state government has appointed a JV between Gamuda Bhd and Perbadanan Kemajuan Negeri Perak to develop and operate water treatment and distribution infrastructure in Kerian, Northern Perak — a key component of the RM5bn Northern Perak Water Supply Scheme. Kawan Renergy Bhd has secured a RM38.8mn contract from Gas Malaysia Energy Advance Sdn Bhd for the construction of a gas turbine co-generation system in Port Klang. Pekat Group Bhd plans to raise up to RM84.7mn by issuing 66.2mn new shares, or 10% of its total shares, a move that will boost its market value over RM1bn. Warisan TC Holdings Bhd expects to record a net gain of RM1.9mn from the sale of an industrial property in Selangor to Leisure Event Sdn Bhd, a wholly-owned subsidiary of property developer Avaland Bhd , for RM49mn. Tan Chong Motor Holdings Bhd has been slapped with an unusual market activity query by Bursa Malaysia Securities after the automotive assembler and distributor's share price surged to a near one-year high. Avaland Bhd announced that Phase 1 of Avalon with a GDV of RM151mn, comprising 166 units of Balinese-inspired double-storey homes located within its Cybersouth township development, is fully taken up. Greenyield Bhd has, via its wholly-owned subsidiary, disposed of a 10,660 sqm parcel of vacant leasehold industrial land in Kuala Langat, Selangor, to Filtermation (MFG) Sdn Bhd for RM8mn. UUE Holdings Bhd has announced a bonus issue on the basis of one new share for every two existing shares held along with plans to diversify into renewable energy facilities development. CelcomDigi Bhd has launched its new flagship 'Life' stores at The Gardens Mall and Sunway Pyramid, marking a new step in its retail journey. Solarvest Holdings Bhd has appointed Daniel Bernd Ruppert as its chief investment officer. Camaroe Bhd, an integrated aquaculture group specialising in the farming and processing of black tiger prawns, has received approval from Bursa Malaysia to be listed on the ACE Market of Bursa Securities.
The Star
24-06-2025
- Business
- The Star
Trading ideas: Yinson, Willowglen, AirAsia X, Mulpha, Enra, LBS, CAB, Hiap Huat, Cuckoo, Pan Merchant, ASM, Foodie Media, Magni-Tech
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Yinson Holdings Bhd has announced that its FPSO unit, Yinson Bergenia Production BV, is considering the issuance of up to US$1.2bn (RM5.2bn) in bonds. Willowglen MSC Bhd 's wholly-owned subsidiary, Willowglen Services Pte Ltd, has been awarded a contract worth RM15.3mn by SP PowerAssets Ltd, Singapore, for the maintenance of partial discharge systems. AirAsia X Bhd chief executive officer Benyamin Ismail said the aviation group's RM1bn private placement is being finalised and still slated for completion by end-July. Mulpha International Bhd 's indirect wholly-owned subsidiary, Mulpha Marymount Pty Ltd has accepted a cash advance facility of A$73.8mn or approximately RM203.8mn from National Australia Bank Ltd. Enra Group Bhd , through subsidiary Hexagon Energy Logistics Sdn Bhd, has signed a US$32.1mn deal with SIP JDA Sdn Bhd to provide a storage tanker for Carigali-PTTEPI's oil and gas operations at the Malaysia-Thailand Joint Development Area. LBS Bina Group Bhd has launched Centrum Iris, the second phase of its Cameron Centrum township, marking it as the largest mixed commercial development in Cameron Highlands with a gross development value of RM472mn. CAB Cakaran Corp Bhd has revealed that the recent cyber attack on 51%-owned Farm's Best Food Industries Sdn Bhd, has not resulted in any material impact on the latter's operations or financial performance. Hiap Huat Holdings Bhd is buying a 20,000-square-metre industrial land and assets located in Kemaman, Terengganu for RM9.5mn. HSS Engineers Bhd via its wholly-owned subsidiary HSS Engineering Sdn Bhd has been hired for building information modelling and engineering design consultancy services by M/s Ocean Lifespaces India Pvt Ltd. Cuckoo International (MAL) Bhd announced a strategic collaboration with Samsung Malaysia Electronics (SME) Sdn Bhd to launch a new generation of smart home solutions in Malaysia. Solid-liquid filtration solutions provider Pan Merchant Bhd will proceed with its initial public offering and ACE Market debut on June 26, 2025, following cautious market reception and moderate subscription levels. ASM Automation Group Bhd, which is slated for listing on the ACE Market of Bursa Malaysia on July 2, said the 26.7mn new shares it offered to the public under its IPO have been oversubscribed by 1.3 times. Digital media publishing company Foodie Media Bhd, which operates the KL Foodie social media brands, is planning to raise funds through an initial public offering on the ACE Market of Bursa Malaysia to support workforce expansion and the purchase of a live streaming building. Magni-Tech Industries Bhd 's net profit for the 4QFY2025 fell 18.1% to RM28.3mn from RM34.5mn a year earlier, mainly due to lower revenue from both the garment and packaging segments.
The Star
21-05-2025
- Business
- The Star
Trading ideas: Maybank, Velesto, Duopharma, IHH, Malakoff, EcoWorld, SCable, MBSB, Kimlun, Sapura Industral, Eversendai, SunCon, PetChem, Aeon, TSH, MyEG
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Malayan Banking Bhd said its wealth management arm, Maybank Premier, will offer a range of solutions tailored to successful MM2H applicants, supporting national efforts to attract global talent and long-term foreign residents. Velesto Energy Bhd has secured a drilling contract from Phu Quoc Petroleum Operating Company in Vietnam involving more than 40 wells, with operations expected to begin in the first half of 2026. Duopharma Biotech Bhd 's wholly-owned subsidiary Duopharma Marketing Sdn Bhd and India Biocon Ltd's local unit Biocon Sdn Bhd have secured a six-month contract extension from the Ministry of Health for the supply of insulin to public hospitals. IHH Healthcare Bhd 's indirect subsidiary, Northern TK Venture Pte Ltd, has increased the damages it is seeking from Daiichi Sankyo Co Ltd to about JPY200bn (RM5.7bn). Malakoff Corporation Bhd 's subsidiary, Malakoff Radiance Sdn Bhd, has signed a second solar power purchase agreement (4.22 MWp) with HICOM Automotive Manufacturers (Malaysia) Sdn Bhd to expand its renewable energy footprint. Eco World Development Group Bhd , SD Guthrie Bhd (previously Sime Darby Plantation Bhd , and NS Corporation Sdn Bhd have formalised a shareholders agreement yesterday to launch the development of Eco Business Park 7 in Negeri Sembilan. Sarawak Cable Bhd will be de-listed from Bursa Malaysia on May 30, unless it files an appeal by May 27. MBSB Bhd has announced a RM1bn financing facility to accelerate the growth of Malaysia's aerospace sector. Astaka Holdings Limited, together with its JV partner Kimlun Corp Bhd has commenced construction of Arden, a premium serviced residence under Phase 3 of One Bukit Senyum, the group's flagship development in Johor Bahru. Sapura Industrial Bhd has teamed up with a China-based firm to establish a precision component manufacturing plant in Malaysia with an initial investment of RM18mn. Eversendai Corporation Bhd has clinched three significant new contracts in the United Arab Emirates, India, and Singapore worth a combined RM1.3bn, pushing its total outstanding order book to RM6.6bn. Sunway Construction Group Bhd 's net profit for 1QFY25 surged to RM75.7mn, up from RM32.4mn in the same period last year as revenue climbed 132% YoY to RM1.4bn. Petronas Chemicals Group Bhd reported a net loss of RM18mn for 1QFY25 on lower sales margins, supply problems at Pengerang Petrochemicals Company Sdn Bhd, foreign exchange losses and rising costs. Aeon Co (M) Bhd's net profit for 1QFY25 rose 18% to RM68.1mn from RM57.4mn a year earlier, supported by seasonal spending uplift from the double festive celebrations within the quarter. TSH Resources Bhd 's 1QFY25 net profit surged 140% YoY to RM48.2mn, thanks to higher palm product prices and improved segmental contribution, coupled with lower finance costs. MyEG Services Bhd net profit for 1QFY25 rose to RM181.6mn from RM155.9mn in the previous corresponding quarter, due to contributions from web3 application service fees on the Zetrix blockchain platform and contributions from the sale of Zetrix tokens.
