KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Tenaga Nasional Bhd
or TNB has obtained an interim stay from the High Court over it having to pay RM1.4bn in additional tax to the Inland Revenue Board.
Public Bank Bhd has teamed up with Credit Guarantee Corp Malaysia Bhd to provide RM1bn in financing for small and medium enterprises in the country.
Kelington Group Bhd has secured new contracts totalling RM413mn over the past two months, bringing its total value of contracts secured year-to-date to RM977mn.
Binastra Corp Bhd has secured a RM574.4mn contract from Exsim Jalil Link Sdn Bhd to design, construct, test and commission the main building works for Phase 2 of a proposed data centre development in Bukit Jalil, Kuala Lumpur.
Infrastructure and engineering solutions provider Jati Tinggi Group Bhd said it has bagged two contracts worth RM36.4mn for the installation of underground cables.
Eversendai Corp Bhd won new contracts worth RM1.1bn in India, Singapore and Saudi Arabia, bringing its order book to a new record high of RM6.7bn. On a separate note, the group has received full debt settlement in relation to one of its oil and gas lift boat deliveries (Vahana Aryan) to the private vehicle of executive chairman and group managing director Tan Sri AK Nathan.
Gadang Holdings Bhd said a sum of RM9.8mn allegedly owed by its units for work done related to the Johor Bahru–Singapore Rapid Transit System Link project are idling costs that are not payable.
Nova MSC Bhd, via its subsidiary, EyRIS Pte Ltd, has secured a contract worth RM7.1mn from JPMCnova Sdn Bhd for the rollout of the national diabetic retinopathy screening programme in Brunei.
Plastic pipes and fittings maker Resintech Bhd has secured a joint venture partner and a tenant for a proposed hostel development in Kuala Langat, Selangor, with an estimated gross development value of RM34.1mn.
