KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Capital A Bhd
expects to exit its Practice Note 17 status by May this year, according to its chief executive officer Tan Sri Tony Fernandes.
Sapura Resources Bhd has lodged a police report following a formal complaint filed with the Companies Commission of Malaysia or SSM regarding potential breaches of the Companies Act 2016, involving its former managing director Datuk Shahriman Shamsuddin.
TDM Bhd’s subsidiary Kumpulan Medic Iman Sdn Bhd is collaborating with Bertam Specialist Hospital Sdn Bhd to develop a 100-bed hospital in Bertam, Penang, with a gross development cost of RM146mn.
Kerjaya Prospek Group Bhd’s wholly-owned subsidiary, Kerjaya Prospek Sdn Bhd, has secured a piling and earthworks contract from Persada Mentari Sdn Bhd for the proposed service apartment at Bandar Tanjung Pinang, Pulau Andaman, Daerah Timur Laut, Pulau Pinang, for RM51.0mn.
Pecca Group Bhd expects to continue delivering strong financial performance in the near term says chief executive officer Foo Ken Nee.
MGB Bhd's subsidiary, MGB International for Industry, has secured two orders worth RM88.6mn from Saudi Arabia's Sany Alameriah Industrial to supply and install precast elements for the Roshn Alarous development in Jeddah.
ACE Market-bound Lim Seong Hai Capital Bhd has signed a 20-year concession agreement to operate and maintain the iconic Kuala Lumpur Tower, after almost a year it first announced the contract win.
Vsolar Group Bhd has accepted a letter of award from Founder Energy Sdn Bhd to be the subcontractor for the development of a 30.1MW-peak large-scale solar photovoltaic energy generating facility in Negri Sembilan worth RM8.8mn.
Pestech International Bhd is raising a further RM27.8mn through a restricted issue of shares to its newly emerged controlling shareholder, Dhaya Maju Infrastructure (Asia) Sdn Bhd, to fund ongoing projects.
Bursa Malaysia Securities has publicly reprimanded Oasis Harvest Corp Bhd and its adviser, Mercury Securities Sdn Bhd, over the termination of the company's rights issue in 2023.
JF Technology Bhd, via wholly-owned subsidiary JF International Sdn Bhd, is acquiring an 80% stake in Q3 Probe Pte Ltd from Spire Manufacturing Inc for RM6mn, with an option to acquire the remaining 20% stake by Dec 31, 2027.
Bursa Malaysia Securities has publicly reprimanded plywood products manufacturer Annum Bhd and imposed fines of RM31,000 each on five of its directors for failing to issue the company's annual report for the 18-month financial period ended June 30, 2023 within the stipulated deadline.
Mechanical and electrical engineering services provider, West River Bhd, has signed an underwriting agreement with M & A Securities Sdn Bhd for its upcoming IPO on the ACE Market of Bursa Malaysia.
Cuckoo International (MAL) Bhd has entered into an underwriting agreement with RHB Investment Bank Bhd and AmInvestment Bank Bhd in conjunction with its IPO on the Main Market of Bursa Malaysia.
