KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
99 Speed Mart Retail Holdings Bhd and Gamuda Bhd
will replace Genting Bhd and Genting Malaysia Bhd as constituents of FTSE Bursa Malaysia KLCI following the semi-annual review in December 2024.
Dialog Group Bhd has won a contract with Petroliam Nasional Bhd to assume 100% participating interest and the role of operator in the RAJA Cluster small field asset production sharing contract, located offshore Peninsular Malaysia.
Pavilion Real Estate Investment Trust has proposed to buy 2 hotels in Kuala Lumpur for an aggregate RM480.0mn and undertake a private placement to raise up to RM552.0mn to fund the acquisitions.
Nationgate Holdings Bhd has launched its latest artificial intelligence servers catering for clients from start-ups to hyperscale data centres.
Fiamma Holdings Bhd is forming a joint venture company to bring heating, ventilation and air conditioning solutions under the VINO brand into Malaysia.
Deleum Bhd has expanded its footprint in the power and machinery business in Indonesia via the acquisition of 70% equity interest in PT OSA Industries Indonesia from OSA Industries Pte Ltd for US$7.0mn.
T7 Global Bhd has secured a contract from Petrofac (Malaysia-PM304) Ltd for the provision of pan-Malaysia maintenance, construction, modification and hook-up and commissioning services for Package B3.
Maxland Bhd has signed a 60-year land lease agreement for RM9.95mn to set up a data centre in the Kulim High-Tech Park in Kedah.
Destini Bhd is acquiring Australia-based rail component remediation services provider Trovon Group Pty Ltd for A$100, and assume A$3.25mn of Trovon’s outstanding debt and inject an additional A$1.0mn for working capital, in a bid to strengthen its rail maintenance capabilities and expand its global presence.
Progressive Impact Corporation Bhd has secured a 5-year SAR6.9mn contract from Makkah Municipality for the operations and maintenance of public health pests laboratory services in Makkah in Saudi Arabia.
HB Global Ltd has partnered with a company belonging to the Regent of Pahang to jointly develop artificial intelligence technology-driven agriculture activities on 500 acres of land in Pekan, Pahang.
Topvision Eye Specialist Bhd initial public offering saw 15.49mn shares available to the public at 33.0sen/share in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia — oversubscribed by 59 times.
Retailer Eco-Shop Marketing Bhd, which operates 320 discount stores nationwide, is proposing an initial public offering of 862.2mn shares that represent 15% of its enlarged share capital on the Main Market of Bursa Malaysia.
