6 days ago
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.
