KUALA LUMPUR: Companies appearing in the headlines include Bermaz Auto
, Coastal Contracts, Econpile, Awantec and BHIC.
Bermaz Auto has won the rights of distributorship, sale of spare parts and provision of after-sales services of XPeng smart electric vehicles (EVs) in Malaysia.
Coastal Contracts via its wholly-owned subsidiary, Coastal Hospitality Holdings SB is acquiring an 82% stake in Sabah-based Jewel Of Mabul Development SB (JOMD) for RM18.98m as part of its growth strategy to diversify its income stream and venture into the tourism industry.
Econpile Holdings has secured a contract worth RM83m to undertake the sub-contract works consisting of earthworks, retaining structure, piling, and road deck and ancillary works, among others.
Awanbiru Technology (Awantec or formerly known as Prestariang) has won its legal suit against the government over the termination of the RM3.5bn National Immigration Control System (SKIN) project.
Boustead Heavy Industries Corp (BHIC) said its wholly-owned subsidiary BHIC Submarine Engineering Services SB has received a contract extension from the Ministry of Defence Malaysia (Mindef) worth RM3.5m.
