23-06-2025
Trading ideas: SD Guthrie, Gadang, Maxim, HLBank, Vanzo, Cuckoo, Ecobuilt, Wasco, Poh Huat
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
SD Guthrie Bhd , formerly known as Sime Darby Plantation Bhd, and its sister company Sime Darby Property Bhd have entered into an agreement to jointly develop up to 2,000 acres of land on Carey Island, Selangor.
Gadang Holdings Bhd 's wholly owned subsidiary, Gadang Engineering (M) Sdn Bhd, has secured a RM92.5mn contract to widen the Kuala Lumpur-Karak Highway.
Maxim Global Bhd has filed an appeal to overturn a stay order granted by the High Court this week that temporarily halts its high-rise residential project here.
Hong Leong Bank Bhd has issued RM400mn in nominal value of Tier 2 subordinated notes under its multi-currency Tier 2 subordinated notes programme.
Vanzo Holdings Bhd's wholly owned subsidiary has appointed Taiwan-based Xishangxi International Marketing Co Ltd as the exclusive distributor of VASB's products in both online and physical Watsons stores in Taiwan.
Cuckoo International (Malaysia) Bhd is set to go public in Malaysia on June 24 after a scaled-down offering that's expected to raise RM395mn.
Ecobuilt Holdings Bhd today announced the resignation of its CEO Lim Chin Yen effective immediately. He is succeeded by Fong Tuck Yong.
Wasco Bhd is planning to list its wholly owned unit, Wasco Greenergy Bhd, which operates biomass and steam energy businesses, on the Main Market of Bursa Malaysia.
Poh Huat Resources Holdings Bhd reported a 92.1% YoY drop to RM575,000 in quarterly net profit, as demand from the US softened amid tariffs and higher operating costs dented earnings.
