KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
NPC Resources Bhd
co-founder Datuk Loo Pang Kee, through Jubilant Ventures Sdn Bhd, has proposed a selective capital reduction and repayment of RM2.82 per share to buy out the remaining 43.44% stake and privatize the Sabah-based palm oil producer.
Kinergy Advancement Bhd has acquired a 47.5% stake in independent power producer Jati Cekerawala Sdn Bhd, a subsidiary of Pesaka Ventures Sdn Bhd, for RM35mn.
Zecon Bhd has secured a 30-year electricity licence from the Sarawak government to design, construct, and operate a 300-megawatt solar PV system within a 3,000-acre area at the Kota Petra Green Technology Park in Kuching, effective Feb 5, 2025.
YNH Property Bhd clarified that its RM138mn sale of AEON Mall Seri Manjung to Sunway REIT requires shareholder approval, as the aggregated percentage ratio exceeds the 25% threshold. The EGM date will be announced later.
Perak Corp Bhd has signed a collaboration agreement with Spectrum Asets Sdn Bhd to jointly develop two parcels of land in Kinta, Perak.
Teladan Setia Group Bhd has canceled its plan to acquire a 7.54-acre land in Melaka Tengah for RM48.54mn due to the vendor’s failure to meet conditions.
IHH Healthcare Bhd acknowledges the challenges posed by medical inflation and is committed to offering cost-effective healthcare services both locally and globally.
Theta Edge Bhd plans to raise RM46.01mn by issuing 35.39mn new shares at RM1.30 each to Threadstone Capital Sdn Bhd, controlled by its director Zainal 'Abidin Abd Jalil.
CIMB Group Holdings Bhd will invest RM3.6mn over two years to support 9,000 residents in four Klang Valley PPR communities under its Santuni Madani initiative.
SSF Home Group Bhd has agreed to supply kitchen cabinets and furniture vouchers for Rumah Ibu Sdn Bhd’s affordable housing scheme in Perak.
EG Industries Bhd has proposed a one-for-one bonus issue of 692.9mn new shares to enhance shareholder participation and trading liquidity.
S P Setia Bhd clinched multiple awards at the Malaysian Institute of Planners Planning Excellence Awards 2024.
