Trading ideas: Keyfield, Chin Hin, AWC, KPJ, Johor Plantations, I-Bhd, SP Setia, Hartelaga


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

Keyfield International Bhd has secured a contract worth USD10mn to supply a maritime vessel for two years.

Chin Hin Group Bhd is acquiring a 65% stake each in an engineering and construction firm CSS Engineering & Construction Sdn Bhd and a facilities and project management outfit Critical System Specialist Sdn Bhd for RM51.5mn in a cash and share deal.

AWC Bhd said it is exploring opportunities to market new energy heavy trucks and construction machinery in Malaysia together with two China-based partners.

AWC Bhd secured a RM10.2mn contract for the provision of cold water and sanitary plumbing systems, rainwater downpipe services and other sanitary fittings for a serviced apartment in Batu Caves from CBTech (M) Sdn Bhd.

KPJ Healthcare Bhd said that it is not in a rush to inject more assets into Al-A’qar Healthcare REIT to raise fresh capital for its expansion plans.

Johor Plantations Group Bhd is planning to raise up to RM3.0bn through a seven-year Islamic Commercial Papers Programme and a perpetual Islamic Medium Term Notes Programme.

Elridge Energy Holdings Bhd has launched its prospectus for its listing on Bursa Malaysia's ACE Market that will raise up to RM203.0mn.

I-Bhd on 6 Aug broke ground for SkyCity in I-City, Shah Alam. It is a 60-metre tower featuring a 600-metre glass slide that is poised to be a new tourist attraction.

S P Setia Bhd officially launched the third phase of the Ferrous series of its Setia Alam Impian township development located in Shah Alam last Saturday.

Hartalega Holdings Bhd posted a net profit of RM31.9mn for 1QFY25, a turnaround from the RM52.5mn loss recorded in 1QFY24, primarily due to a recovery in sales volume and increased average selling prices.

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