KUALA LUMPUR: Companies that recently made headlines include Paragon Globe, IWCity, Jiankun, TRC Synergy, T7, KJTS, Westports, Perak, MMAG and ILB, said Apex Securities Research.
Property developer Paragon Globe Bhd
(PGB) and Solarvest Holdings Bhd are planning to develop a solar-ready factory and green industrial township in Johor.
Iskandar Waterfront City Bhd (IWCity) has failed in its bid to strike out a RM76.56 million lawsuit by Tenaga Nasional Bhd (TNB) over alleged damage to the utility giant’s undersea cable in Johor.
Jiankun International Bhd’s wholly owned unit JKI Development Sdn Bhd (JKID) has been hit with another lawsuit by former joint venture (JV) partner Fivestar Development (Puchong) Sdn Bhd, which is demanding RM14.21 million in alleged unpaid sums.
TRC Synergy Bhd unit Trans Resources Corporation Sdn Bhd (TRCSB) has won a RM358 million contract to carry out refurbishment and infrastructure works at the Subang Airport from Khazanah Nasional Bhd.
T7 Global Bhd marked its foray into Thailand waters with a RM400 million contract for its latest mobile offshore production unit (Mopu) named TSeven Shirley, which will be leased to Valeura Energy Inc, operator of the Nong Yao oil field, in support of its Nong Yao C development.
KJTS Group Bhd has bagged a RM16.77 million contract from Thailand's Central World Hotel Co Ltd (Centara) to undertake retrofitting works as well as provide operation and maintenance (O&M) services and supply of chilled water at Centara Grand Hotel at Central World in Bangkok for 15 years.
Westports Holdings Bhd’s net profit fell 12.3% to RM206.08 million in the fourth quarter ended Dec 31, 2023 (4QFY2023) from RM235.04 million a year earlier, due to a reduction in share of results of a joint venture which made a substantial write-back of impairment gain in 4QFY2022.
PN17 company Perak Corp Bhd is looking to raise RM63.5 million by entering into an early settlement of its entitlement over a 247.85-acre joint development project with ARX-YSC Sdn Bhd at Muallim, Perak.
MMAG Holdings Bhd said its 95%-owned flagship entity MJets International Sdn Bhd has made full payment of the judgement sum awarded by the court in relation to a lawsuit by Comone International Logistics Co Ltd over alleged non-payment of monthly repayment instalments.
ILB Group Bhd has appointed Agromate Holdings Sdn Bhd chief executive officer Edward Tang Ming Yng as its new executive chairman effective Feb 5.
