22-07-2025
Trading ideas: SunCon, Cahya Mata, Aneka, PJBumi, Atlan, Apex, FACB, Prolintas, Green Packet, Oxford Innotech, CLMT, United Plantations
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Sunway Construction Group Bhd said one of its employees is being investigated by the country's anti-graft agency over engagements with unnamed sub-contractors.
Cahya Mata Sarawak Bhd 's unit Cahya Mata Cement Sdn Bhd has awarded a RM673mn contract to Sinoma Industry Engineering (M) Sdn Bhd to build a new 6,000-tonnes-per-day clinker line at its Mambong Integrated Plant in Kuching.
Aneka Jaringan Holdings Bhd has won a RM72.3mn contract to undertake piling works for a proposed data centre development in Eco Business Park V, Ijok, Selangor.
PJBumi Bhd has clinched a contract for the supply of its ADiRA BioReactor technology to process up to 20 tonnes per day of municipal solid waste in Indonesia.
Atlan Holdings Bhd is proposing to dispose of its entire issued and paid-up share capital in United Industries Holdings Sdn Bhd to Singapore-based Duty Free International Ltd for RM175mn.
Apex Healthcare Bhd climbed to an eight-month high on Monday following news that the founding Kee family could be looking to exit the pharmaceutical company.
FACB Industries Incorporated Bhd has received a privatisation offer worth RM134.2mn from Chen Yiy Fon, the son of its late founder.
Prolintas Managers Sdn Bhd, the trustee-manager of Prolintas Infra Business Trust , has appointed Mohamad Idros Mosin as its chief executive officer effective Monday (July 21), filling a leadership vacuum that had been managed by an interim executive team since earlier this year.
Green Packet Bhd has appointed Datuk Wira Shahul Hameed Shaik Dawood as its new managing director and group chief executive officer, effective Monday.
Oxford Innotech Bhd's initial public offering has been oversubscribed by 3.4 times ahead of its listing on the ACE Market of Bursa Malaysia on July 29.
Capitaland Malaysia Trust , which reported a 7.3% increase in net property income to RM138.8mn in the 1HFY25, remains positive on its prospects for the second half of this year, but has flagged uncertainties stemming from the expanded sales and service tax and electricity tariffs revision.
United Plantations Bhd reported a 34.1% YoY jump in its second quarter net profit to RM249.4mn from RM185.9mn, driven by higher revenue.
