KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Privately owned rail construction company Dhaya Maju Infrastructure (Asia) Sdn Bhd is taking up a 57.52% stake in Pestech International Bhd
for RM160mn through a restricted issue.
Velesto Energy Bhd has inked a MOU for a three-year collaboration with SLB, formerly Schlumberger, to enhance its rig capabilities.
OCR Group Bhd is suing Kumpulan Jetson Bhd over alleged breaches of a RM88.0mn contract to build four blocks of serviced apartments in Jalan Yap Kwan Seng, Kuala Lumpur.
Solar District Cooling Group Bhd plans to expand its solar and energy efficiency services into Brunei and has entered into a MoU with Brunei-based Serikandi Oil Field Services Sdn Bhd to explore collaboration opportunities.
EG Industries Bhd is acquiring a 24.08% stake in Thai-based ND Rubber Public Company Ltd for THB198mn (RM26.1mn) as part of its expansion into the 5G photonics and embedded electric vehicle market in that country.
Sanichi Technology Bhd has proposed to consolidate its shares on a 10-to-one basis and do a capital reduction of up to RM55mn from its issued share capital to offset its accumulated losses of RM93.9mn at the group level as of June 30, 2024.
Aneka Jaringan Holdings Bhd has aborted its planned private placement of up to 10% of its issued share capital, which was intended to raise up to RM15.5mn.
Mytech Group Bhd has called off its planned private placement, which was announced on March 18 last year, as the deadline to implement the corporate exercise lapsed on Friday.
Heitech Padu Bhd said it is unaware of any corporate development that caused the unusual market activity in its shares, which spiked to a record high.
Parkson Holdings Bhd's Singapore Exchange-listed Parkson Retail Asia Ltd has exited the exchange's watch list after five years.
Sime Darby Property Bhd has achieved a 100% take-up rate for XME Business Park 2, which provides 15 ready-built factories with a gross development value of RM66mn, during its preview.
