Trading ideas: Gadang, Gamuda, Apex Equity, YNHP, Yinson, EATech, Well Chip, TT Vision, Sunway


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

Gadang Holdings Bhd and its joint venture partners have successfully won a bid to develop a 15-megawatt alternating current large-scale solar photovoltaic plant in Tawau, Sabah.

Gamuda Bhd is acquiring 389.7 acres of land in the Springhill Industrial Park, Port Dickson for RM424.4mn, cash, from a joint venture between MUI Properties Bhd and Chin Teck Plantations Bhd.

Apex Equity Holdings Bhd is acquiring a boutique office building in The Horizon, Bangsar South for RM50mn to house its operations.

Samaiden Group Bhd announced its selection to develop a 99.99-megawatt large-scale solar photovoltaic plant in Pasir Mas, Kelantan.

YNH Property Bhd’s subsidiaries have finalized RM63.5mn worth of land disposals in Perak over the past year through five sale and purchase agreements involving tracts in Lumut and Sayung.

Yinson Production, the offshore arm of Yinson Holdings Bhd, has secured an 18-month extension for the bareboat charter of its floating production storage and offloading unit, PTSC Lam Son, operating offshore Vietnam.

EA Technique (M) Bhd has proposed renaming itself Avangaad Bhd as part of its efforts to exit Practice Note 17 status by 1Q25.

Well Chip Group Bhd is acquiring three pawnbroking companies in Perak for RM63.4mn cash.

TT Vision Holdings Bhd's wholly-owned unit, TT Vision Technologies Sdn Bhd, has secured a US$1.95mn (approximately RM8.74mn) purchase order for its machine vision equipment from a major customer.

Sunway Bhd has appointed independent director Datuk Mohd Anuar Taib as deputy president, effective Jan 2, 2025.

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