Trading ideas: RHB, Capital A, Heitech Padu, Kitacon, YNHP, Iris, Solarvest, SCIB, G Capital, Eduspec, EP Manufacturing, Master Tec


KUALA LUMPUR: Here are the corporate announcements making headlines, according to TA Securities Research.

RHB Bank Bhd has subscribed for an additional 3.8mn new Boost Bank Bhd shares for RM3.8mn cash to maintain its 40.0% equity interest in the latter.

Capital A Bhd has clarified that its management "is in the midst of exploring a potential fundraising exercise by its aviation business", but has no intention to undertake a private placement of new Capital A shares.

Heitech Padu Bhd has secured a contract worth RM190.0mn from the Road Transport Department Malaysia for the maintenance and technical support for ICT Infrastructure.

Kumpulan Kitacon Bhd has bagged a RM134.8mn main building works job from Tropicana Alam Sdn Bhd to build a double-storey terrace housing development in Puncak Alam, Selangor.

YNH Property Bhd said the independent review of its joint venture and turnkey construction agreements, which was initially slated to be completed this week, needs more time.

Iris Corporation Bhd has called off the sale of an 80.0% stake in its wholly-owned Iris Information Technology Systems Sdn Bhd for RM70.0mn cash.

Bandar Utama City Centre Sdn Bhd has chosen Solarvest Holdings Bhd to install Malaysia's largest on-site photovoltaic panels and building-integrated photovoltaic panels at 1 Utama Shopping Centre.

Sarawak Consolidated Industries Bhd’s unit SCIB Properties Sdn Bhd has signed a settlement cum appointment of contractor agreement with Awana JV Suria Saga Sdn Bhd to strengthen its position in the construction sector.

G Capital Bhd has entered into a MoU with Hong Kong-based CCIAM Logistic Company Limited to engage CCIAM Logistic for comprehensive services for the 26 MWac small hydropower project in Pahang and raising capital up to RM325.0mn.

Eduspec Holdings Bhd has appointed Datuk Alex Kang Pang Kiang as executive deputy chairman effective April 15.

EP Manufacturing Bhd said it has teamed up with China-based BAIC Motor Corporation Ltd to assemble and manufacture BAIC's authorised model vehicles in Malaysia.

Master TEC Group Bhd expects higher revenue growth and a demand shift towards aluminium in conductors, amid the recent surge in copper prices.

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