KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.
Gamuda Bhd
and its joint-venture partners have been awarded a RM4.3bn main design and build contract by the Department of Rapid Transit Systems, New Taipei City Government, to deliver the Xizhi Donghu Mass Rapid Transit in Taiwan.
Bahvest Resources Bhd has entered into an exclusive prospecting and contract of works agreement with Aurelius Borneo Mining Sdn Bhd, which is involved in gold mining.
Teo Seng Capital Bhd has proposed a one-for-one bonus issue of up to 300mn shares to reward shareholders.
Loss-making Green Ocean Corp Bhd has proposed to undertake a RM92.5mn share capital reduction to wipe out the food and beverage distributor’s accumulated losses.
HSS Engineers Bhd's wholly-owned subsidiary HSS Engineering Sdn Bhd has entered into a joint venture and shareholders' agreement with OPUS International (M) Bhd to provide engineering and technical services.
Contract manufacturer Ge-Shen Corp Bhd has obtained shareholders’ approval to buy a 40% stake in electronic manufacturing services firm Local Assembly Sdn Bhd for RM48mn cash.
Willowglen MSC Bhd's wholly-owned subsidiary Wollowglen Services Pte Ltd has secured a contract of about RM16.4mn from Kandenko Co Ltd Singapore for the supply and installation of hardware and software for the security system for electrical facilities.
Globetronics Technology Bhd said its CEO Heng Charng Yee and executive director Kang Wei Luen have resigned from their positions.
Midvest Asia Sdn Bhd has ceased to be a substantial shareholder of Wasco Bhd, formerly known as Wah Seong Corp Bhd, after disposing of a 2.6% stake in the energy infrastructure group.
Sabah beverage manufacturer Life Water Bhd plans to use the proceeds of its upcoming listing on the Main Market of Bursa Malaysia to expand into Sarawak and Brunei.
