Trading ideas: Gamuda, Capital A, Country Heights, Haily, Mesiniaga, Vantris, Verdant, VHMY, Kim Loong, Aeon Credit, Crescendo


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

Gamuda Bhd's wholly-owned subsidiary, Gamuda (Singapore) Pte Ltd, has secured RM3.3bn of leasehold land in Chencharu Close from the Housing Development Board of Singapore.

Capital A Bhd has extended the deadline to complete the proposed disposals of AirAsia Aviation Group Ltd and AirAsia Bhd to Oct 31, FY25, to allow additional time for approvals from the relevant authorities and financiers.

Country Heights Holdings Bhd said a winding-up petition filed against its wholly-owned subsidiary Golden Horse Palace Bhd has been withdrawn, following a full settlement of RM142,698.0 early this month.

Johor-based Haily Group Bhd has secured two contracts worth a combined RM197.6mn for the construction of a 45-storey service apartment block and accompanying shop units in Johor Bahru.

Mesiniaga Bhd has accepted a RM135.6mn contract from the Ministry of Finance for the provision of marking technology, system development services and comprehensive hardware to the Royal Malaysian Customs Department.

Vantris Energy has appointed Adnan Zainol Abidin, former chief operating officer of Petroliam Nasional Bhd, as its new chairman effective Oct 1.

Verdant Solar Holdings Bhd is planning to raise RM44mn through its initial public offering ahead of its ACE Market listing on Bursa Malaysia Securities Bhd on Oct 22, FY25.

THMY Holdings Bhd has launched its prospectus for an initial public offering to raise RM44.6mn ahead of its ACE Market debut on Bursa Malaysia on Oct 23.

Kim Loong Resources Bhd reported a 19.8% jump to RM47.3mn in its 2QFY26 net profit, mainly driven by higher production of fresh fruit bunches and an increase in selling prices, as well as higher oil extraction rate achieved at its palm oil mills.

Aeon Credit Service (M) Bhd's net profit rose 1.5% to RM72.2mn in 2QFY26, from RM71.2mn a year earlier.

Crescendo Corporation Bhd will take a cautious approach by leveraging its land bank to roll out projects aligned with market demand, after reporting an 88% drop to RM16.3mn in 2QFY26 net profit due to an absence of land sale gains. 

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