Trading ideas: MMHE, AEON, Kimlun, Datasonic, SNS Network, Country Heights, Optimax, ManagePay, CIMB and Serba Dinamik


KUALA LUMPUR: Here are the corporate announcements that made news headlines.

Malaysia Marine and Heavy Engineering Holdings Bhd has secured a subcontract worth RM1.5bn to build an offshore substation at a wind farm in the Netherlands. Fabrication.

Aeon Co (M) Bhd is buying 2 pieces of land in Seremban, Negeri Sembilan for RM102.9mn to build a shopping mall.

Inta Bina Group Bhd has secured a RM112.0mn contract from a unit of Gamuda Bhd to build semi-detached houses.

Kimlun Corp Bhd has secured a contract worth RM234.3mn from Saujana Development Sdn Bhd to construct a high-rise residential development in Seksyen U2, Shah Alam.

Datasonic Group Bhd has received five letters of extension from the Home Ministry totalling RM181.76mn to supply MyKad, MyTentera and MyPOCA raw cards and consumables to the National Registration Department.

SNS Network Technology Bhd has been appointed by Vstecs Bhd as an authorised retailer for Starlink’s equipment in Malaysia.

Despite ongoing litigation with MBSB Bank Bhd over payment defaults, Country Heights Holdings Bhd announced a tender process to attract investors for the Mines Waterfront Business Park and Mines International Exhibition and Convention Centre project development in Seri Kembangan.

Eye specialist service provider Optimax Holdings Bhd announced that it has obtained a license from the Ministry of Health to offer aesthetic services at its new outlet, Neumax Clinix.

Managepay Systems Bhd, via its wholly-owned unit ManagePay Services Sdn Bhd,has bagged an incentive contract worth USD3.7mn from Mastercard Asia/Pacific Pte Ltd for a sign-on bonus, product launch, data and services and marketing support.

CIMB Group Holdings Bhd has appointed Novan Amirudin as its new group chief executive officer, effective July 1, 2024.

Serba Dinamik Holdings Bhd's delisting from Bursa Malaysia will proceed on Wednesday (5 June 2024) after the exchange regulator dismissed a final appeal from the beleaguered oil and gas outfit.

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