KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
ITMax System Bhd
is partnering with Aim-Force Sdn Bhd to jointly develop smart parking enforcement solutions and enterprise mobility software and technologies for various projects.
Tanco Holdings Bhd announced that its 79%-owned subsidiary, Midports Holdings Sdn Bhd, is exploring a potential collaboration with Hong Kong-listed Cosco Shipping Ports Ltd for the operation and management of MHSB's proposed "smart AI container port project" in Port Dickson, Negeri Sembilan.
Eastern & Oriental Bhd and Japan-based real estate developer Mitsui Fudosan Group, has topped out its RM900.0mn Conlay serviced apartment in Kuala Lumpur on 6 December 2024.
Inta Bina Group Bhd is buying a 2.72-acre freehold land in Bukit Jelutong, Selangor, for RM23.0mn cash from QL Resources Bhd’s wholly-owned QL Agrifoods Sdn Bhd.
Crescendo Corporation Bhd is disposing of a 7.43 hectare five plots of vacant land in Johor Baru for RM120.1mn to Data Cloud Innovation Sdn Bhd for the development of data centres in Johor.
OSK Holdings Bhd’s property arm, OSK Property Holdings Bhd, plans to expand its activities in Kedah with the acquisition of five parcels of plantation land totalling 330.5 acres (133.8 hectares) for RM72.0mn.
SNS Network Technology Bhd has signed a three-year memorandum of understanding with Mimos Bhd to enhance software testing processes and drive innovation in artificial intelligence.
Cypark Resources Bhd is partnering with the Terengganu state government to develop a 500 MW large hybrid hydro floating solar plant at Tasik Kenyir.
An investment vehicle linked to Berjaya Group founder Tan Sri Vincent Tan has divested 4.9% equity interest in Berjaya Food Bhd just a week after emerging as a substantial shareholder in the local Starbucks operator with an 8.1% stake purchase.
The Employees Provident Fund has emerged as a substantial shareholder in KIP Real Estate Investment Trust for the first time, after acquiring a 6.1% stake in the REIT, comprising 48.5mn units.
Kawan Food Bhd is venturing into the supply and distribution of information technology equipment via a joint venture with several individuals, including its founder cum major shareholder, and its current chairman.
FSBM Holdings Bhd has collaborated with Synergies Intelligent Systems, Inc to jointly explore and develop the Malaysian and Southeast Asia market for consumer-to-manufacturer services for customised machining parts.
Colform Group Bhd, a Sabah-based steel and building material specialist, has inked an underwriting agreement with Mercury Securities Sdn Bhd in conjunction with its upcoming on the ACE Market of Bursa Malaysia.
Aluminium products manufacturer Winstar Capital Bhd's initial public offering has attracted RM413.0mn worth of interest from retail investors, nearly 21 times the RM19.8mn that it was looking to raise from the issuance of new shares via its listing.
