Trading ideas: Supermax, GenM, MYEG, Resintech, Samaiden, Perak Corp, PUB, Uzma, TopVision

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

Supermax Corporation Bhd's subsidiary, Maxter Healthcare Inc, will begin commercialising glove production at its first United States manufacturing facility in Texas by January next year.

Genting Malaysia Bhd’s subsidiaries, Genting New York LLC and Genny Capital Inc have priced an additional USD100mn of 7.25% senior unsecured notes, due 2029.

MyEG Services Bhd has partnered with the Federation of Malaysian Freight Forwarders to promote ZTrade as Malaysia's National Single Window for cross-border trade facilitation.

Resintech Bhd plans to expand its footprint in Sarawak's industrial plastics sector by setting up a joint venture with state enterprise SEDC Energy Sdn. Bhd.

Samaiden Group Bhd has entered a joint venture and shareholders’ agreement with PT MCS Bina Energi to establish a JV company in Indonesia.

Debt-ridden Perak Corporation Bhd has been given another six-month extension by Bursa Malaysia to submit its regularisation plan, with the deadline now being postponed to Feb 9, 2025.

PUC Bhd has appointed Wayne Lim Beng Chai as group chief commercial officer effective immediately.

Uzma Bhd has entered into an agreement with Helsinki-based ReOrbit, a leading provider of software-enabled satellites, for a Geostationary Earth Orbit communications satellite project.

Medical eyecare company Topvision Eye Specialist Bhd has secured Bursa Malaysia’s approval for its proposed transfer from LEAP Market to the ACE Market.