Trading ideas: MAHB, Gamuda, Southern Score, SC Estate Builder, KJTS, Sunview, Colform, Poh Kong, VS Industry, AZRB, Rexit


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

Consortium Gateway Development Alliance has extended the closing date for its takeover offer for Malaysia Airports Holdings Bhd to Jan 24 from Jan 17 after garnering 86.18% of the total issued shares of MAHB, still short of the 90% acceptance rate condition.

Gamuda Bhd and its London-based joint venture partner, real estate investor Castleforge, broke ground for 75 London Wall — a GBP1.2bn redevelopment project — in the City of London on Wednesday.

Southern Score Builders Bhd has secured a RM78mn contract from Seribu Megah Sdn Bhd, a wholly owned subsidiary of Radium Development Bhd, for detention pond upgrading works in Kuala Lumpur.

SC Estate Builder Bhd announced that its joint venture with Anjung Meriah Sdn Bhd has been shortlisted by the Energy Commission to develop a four-megawatt large-scale solar photovoltaic project in Arau, Perlis.

KJTS Group Bhd is planning to operate two businesses in Singapore, involving cooling services and mobile facility maintenance services.

Sunview Group Bhd’s 60%-owned indirect subsidiary Sirage Energy Sdn Bhd has partnered with Sirage Skyvast Holdings Sdn Bhd to explore collaboration to undertake a solar power generation plant for Perlis Advance Tech Park located in Chuping, Perlis.

Colform Group Bhd aims to raise RM41.2mn from its initial public offering on the ACE Market of Bursa Malaysia to expand its steel manufacturing and installation operations.

Poh Kong Holdings Bhd is expecting improved sales in 2025, driven by a positive retail environment in Malaysia and a strong domestic economy.

VS Industry Bhd announced that the High Court has ruled in its favour in a minority shareholder oppression suit against NEP Holdings (Malaysia) Bhd and its directors.

Ahmad Zaki Resources Bhd has redesignated group managing director Datuk Seri Wan Zakariah Wan Muda as its executive vice-chairman, effective immediately.

Rexit Bhd, which provides software as a service, has appointed Tengku Tan Sri Mohamad Rizam Tengku Abdul Aziz, a member of the Kelantan royal family, as its new independent and non-executive chairman.

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