KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Axiata Group Bhd
has completed the sale of its Myanmar tower operations for a revised US$90.0mn (RM380.4mn), down from the originally proposed US$15.0mn.
Dialog Group Bhd has won a 14-year production-sharing contract from Petronas for the development of the Mutiara Cluster field in Sabah.
A consortium led by DCAH Holdings and individuals Chiong Kiau and Chiong Hang Leong has acquired a 10% stake in Kretam Holdings Bhd for about RM162.0mn, becoming its second-largest shareholder.
KJTS Group Berhad had entered into a Memorandum of Understanding with Shenzhen Envicool Technology Co., Ltd. on 13 June 2025 to jointly pursue data centre infrastructure projects, with a focus on innovative, energy-efficient cooling solutions in ASEAN.
UUE Holdings Bhd has secured 3 new contracts worth RM83.4mn from Sutera Utama Sdn Bhd.
NuEnergy Holdings Berhad had accepted offers for the disposal of 20,625,000 ordinary shares on 13 June 2025, representing 10.14% equity interest in Hengyang Petrochemical Logistics Limited via married deal through Singapore Exchange, for a total cash consideration of SGD3.3mn.
Rex Industry Bhd has received a mandatory takeover offer at 10.0sen/share from new major shareholder ETA Industries Sdn Bhd, after the latter acquired a 40.6% stake for RM26.8mn, or 10.0sen/piece.
Ping Edge Technology Bhd, a commercial kitchen equipment supplier, closed 52.2% or 12.0sen higher at its trading debut on Bursa Malaysia’s LEAP Market on Friday.
IOI Corporation Bhd said former Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar will join its board as a senior independent and non-executive director on June 16, 2025.
Cuckoo International Bhd, which is slated to debut on the Main Market of Bursa Malaysia on 24 June 2025, saw modest demand from the Malaysian public for its initial public offering, with an overall oversubscription rate of less than 1.5 times.
