Trading ideas: Sunway, MISC, Southern Score, Guocoland, AME Elite, Pintaras Jaya, PTT Synergy, SCIB, Mlabs, Propel Global, Emico, Mudajaya, Tabung Haji, MyTech, MSM, Glomac


KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Sunway Bhd said its proposed takeover offer for the entire 3.5bn shares in IJM Corporation Bhd will close on 6 April this year.

MISC Bhd has received a letter of award from Petronas LNG Ltd for the provision of long-term liquefied natural gas shipping services, involving three newbuild LNG carriers.

Southern Score Builders Bhd, whose bid to take over Nova Pharma Solutions has already crossed the 90% regulatory threshold, said its stake in the LEAP Market-listed company increased further to 97.7% as at yesterday.

GuocoLand (M) Bhd has received a proposal from its controlling shareholder, GLL (Malaysia) Pte Ltd, to privatise the company at RM1.10 per share via a selective capital reduction and repayment exercise.

AME Elite Consortium Bhd has secured a RM214.1mn construction contract from KLIA Aeropolis Sdn Bhd, a subsidiary of Malaysia Airports Holdings Bhd.

Pintaras Jaya Bhd has secured a RM35.5mn subcontract for a proposed bridge construction project in Kuching, Sarawak.

PTT Synergy Group Bhd has secured a RM34.1mn contract from Sime Darby Property Bhd for earthworks and ancillary works at the Bandar Bukit Raja development in Klang, Selangor.

Sarawak Consolidated Industries Bhd said its indirect wholly-owned subsidiary, SCIB Concrete Manufacturing Sdn Bhd, has cancelled a RM49.0mn loan previously approved by Malaysian Industrial Development Finance Bhd.

MLABS Systems Bhd said trading in its shares will be suspended next Tuesday (Feb 10) after it failed to submit its annual report for FY25 within the stipulated deadline.

Propel Global Bhd has entered into a MoU with Sabah Energy Corporation Sdn Bhd and Reservoir Link Energy Bhd to jointly explore the development of a modular gas power plant in Sabah.

Emico Holdings Bhd has announced that a fire occurred at one of its two manufacturing plants in Bayan Lepas, Penang and yet to ascertain the financial impact arising from the incident.

Mudajaya Group Bhd said the High Court has allowed its winding-up petition against THB Power Sdn Bhd after the independent power producer again failed to make the final tranche of payment totalling RM27.9mn, including interest.

Lembaga Tabung Haji has emerged as a substantial shareholder with 5.0% stake in newly listed Orkim Bhd.

Mytech Group Bhd said its conditional mandatory takeover offer by executive chairman Tan Sri Cheng Joo Teik closed on Feb 3, with the offeror and persons acting in concert securing a 56.1% stake in the group.

MSM Malaysia Holdings Bhd has appointed Dr Mazatul ‘Aini Shahar Abdul Malek Shahar as its group CEO, effective Feb 4, 2026.

Glomac Bhd has appointed FD Idzham FD Iskandar as its group executive director, as part of the group’s structured leadership succession planning and ongoing governance framework.

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