KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Edelteq Holdings Bhd
is venturing into upstream semiconductor manufacturing with a proposed 24% stake acquisition in Solid Point Precision Manufacturing Sdn Bhd for RM20.7mn via a mix of cash and shares from Singapore-based LIPO Precision Industry Pte Ltd.
WCT Holdings Bhd has secured a RM365.2mn contract from Projek Lebuhraya Usahasama Bhd to expand the Sedenak–Simpang Renggam stretch of the North-South Expressway in Johor.
Green Packet Bhd has welcomed European Credit Investment Bank Ltd as a new substantial shareholder after the Labuan-based investment bank acquired 141.1mn shares (5.77% stake) via open- and off-market trades on 3 July.
Malaysia Aviation Group has exercised purchase rights for 20 additional A330neo aircraft from Airbus, with deliveries scheduled between 2029 and 2031.
Capital A Bhd announced that AirAsia has signed an MoU with Airbus to purchase 50 A321XLR aircraft, with delivery confirmed by 2028. The deal, valued at US$12.25bn (RM51.72bn), includes rights for an additional 20 units.
Mudajaya Group Bhd plans to raise up to RM26mn through a private placement of 265.7mn new shares, representing 10% of its enlarged share capital. Proceeds will be used to pare down bank borrowings, which stood at RM644.5mn as of 24 June.
Mesiniaga Bhd has secured a RM148mn contract from KWAP to supply and commission a new pension system, with completion targeted by July 2028.
MN Holdings Bhd has secured a RM29.3mn contract from Tenaga Nasional Bhd to extend new transformer bays at the existing transmission main intake in Tanjung Langsat Industrial Estate, Johor.
Kretam Holdings Bhd has appointed Chiong Li Wei as executive director effective 5 July.
Kim Hin Industry Bhd has received an unconditional takeover offer from its controlling shareholders, Kim Hin (Malaysia) Sdn Bhd and chairman Chua Seng Huat, to acquire the remaining 37.75% stake at 85 sen/share.
TeamStar Bhd, a furniture fittings and hardware trader, has filed for an IPO on the ACE Market of Bursa Malaysia.
ISF Group Bhd, a family-run piping system installer for industrial properties, has filed for an IPO on the ACE Market to fund its expansion plans.
