KUALA LUMPUR: Here is a recap of the announcements that made headline in Corporate Malaysia.
AirAsia X Bhd
will be acquiring Capital A Bhd's aviation business directly, and not via a new company under an internal reorganisation proposed previously, to expedite the takeover.
Hibiscus Petroleum Bhd has been awarded a 65% participating interest and operatorship in a production sharing contract by Petroliam Nasional Bhd.
Petronas awarded Ping Petroleum Sdn Bhd, a subsidiary of Dagang Nexchange and Duta Marine Sdn Bhd a small field asset cluster PSC for the Bubu, Bunga Tasbih and Enau fields.
Vitrox Corp Bhd’s co-founders are partnering with private equity firm Southern Capital Group to create a venture capital fund to support local tech startups and nurture a robust tech ecosystem in Malaysia.
Ekovest Bhd has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd and Knusford Bhd.
Datasonic Group Bhd has secured a RM30mn contract to supply smart cards to Perum Percetakan Negara Republik Indonesia, a unit of the Indonesian Ministry of State-Owned Enterprises.
Kumpulan Kitacon Bhd has secured a RM54.5mn contract to undertake the construction of 186 terrace houses in Rawang, Selangor.
PN17 company Alam Maritim Resources Bhd has announced its regularisation plan. Upon completion of the proposed debt restructuring, Alam Maritim is expected to recognise a one-off net gain of RM50.6mn from the waiver of debts owed to the scheme creditors.
Malaysian Genomics Resource Centre Bhd has proposed to undertake a private placement of up to 10% of its issued share, or 13.7mn new shares that is expected to raise up to RM5.0mn.
99 Speed Mart Retail Holdings Bhd has signed a retail underwriting agreement with CIMB Investment Bank Bhd, Affin Hwang Investment Bank Bhd, and RHB Investment Bank Bhd, in conjunction with its upcoming IPO.
Amanah Saham Bumiputera, a unit trust fund of Permodalan Nasional Bhd, has ceased to be a substantial shareholder in Telekom Malaysia Bhd following a disposal on 24 July.
Westports Holdings Bhd’s net profit for the 2QFY24 rose 4.6% YoY to RM203.7mn from a year ago, due to lower operating expenses.
