KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Sunway Bhd
’s subsidiary, Sunway Developments Pte Ltd, together with Sing Holdings Residential Pte Ltd, has secured a 14,513 sqm land parcel at Chuan Grove, Singapore, from the Urban Redevelopment Authority for a residential development valued at SGD623.9mn.
Asia Digital Engineering, the maintenance, repair, and overhaul arm of Capital A Bhd, aims to expand its hangar capacity in Malaysia from 16 to 40 lines over the next three to five years.
Pansar Bhd has received a letter of acceptance from the Jabatan Kerja Raya Sarawak to design and build a proposed Serian-Gedong-Samarahan dual carriageway highway worth RM217.0mn.
Texchem Resources Bhd will sell a 34.0% stake in its unit, Sea Master Food Sdn Bhd, to Japan’s Yamae Global Co Ltd for RM14.9mn cash.
Oceancash Pacific Bhd has entered into a conditional share sale agreement with Paragon Union Bhd to acquire Paragon Car Carpets & Components Sdn Bhd for RM13.4 in cash.
VS Industry Bhd’s share price fell 15.6% to 54.0sen yesterday, valuing the electronics manufacturing services firm at RM2.1bn, following recent share disposals by key management personnel. Despite the sell-down, the group said its operations remain intact with no disruptions.
Wentel Engineering Holdings Bhd is set for a major expansion in production capacity with its new manufacturing facility at Lot 815, near Kempas in Johor and is projecting annual revenue growth of around 20.0% YoY over the next five years as the new facility ramps up.
SSF Home Group Bhd announced that it plans to invest RM10.0mn in a venture capital fund.
Reservoir Link Energy Bhd announced that its 38%-owned associate company, Founder Group Ltd, has signed a MoU with Nichcom Go Sdn Bhd to deploy electric vehicle charging infrastructure and solar battery energy storage systems.
Express Powerr Solutions (M) Bhd’s IPO has been oversubscribed by 13.6 times for the Malaysian public portion, ahead of its listing on the ACE Market of Bursa Malaysia on September 24.
Interior fit-out firm Inspace Creation Bhd is preparing for a listing on the ACE Market of Bursa Malaysia, which will involve the sale of up to a 26.5% stake in the company.
UWC Bhd recorded a near seven-fold jump to RM16.5mn in net profit for 4QFY25, driven by a rebound in the semiconductor sector.
