Trading ideas: CelcomDigi, DNeX, SimProp, Lion, Citaglobal, MPire, HHRG, Cheeding, Powertechnic


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

IMMA Technology Sdn Bhd is seeking RM72.6mn in alleged loss of profit, or alternatively RM28.3mn for purported wasted expenditure from CelcomDigi Bhd in relation to a services agreement entered into nearly four years ago.

Dagang Nexchange Bhd is expanding its energy portfolio, with unit OGPC Sdn Bhd winning a one-year contract from Petronas Dagangan Bhd to maintain 50 Petronas stations in the Klang Valley starting Jul 2025.

Sime Darby Property Bhd, via wholly owned Sime Darby Property (Hong Kong) Ltd, has signed an interest-bearing loan agreement to provide £6mn (RM34mn) in shareholders’ advances to Battersea Project Holding Company Ltd.

Lion Industries Corp Bhd plans to revitalise its steel division by seeking strategic partners for its Amsteel Mills plants in Banting and Bukit Raja.

Citaglobal Bhd has formalised a two-year joint development agreement with Keppel Decarb (Malaysia) Sdn Bhd to pursue bio-compressed natural gas projects in Pahang, Kelantan and Terengganu.

Mpire Global Bhd will be renamed Greentronics Technology Bhd effective Oct 8, 2025, according to Bursa Malaysia. The company’s new stock short name will be GREENTEC.

Ta Win Holdings Bhd has mutually terminated its 2022 deal to sell a major stake in Royce Pharma Manufacturing after buyers failed to secure financing.

HHRG Bhd has proposed a bonus issue of up to 491.7mn warrants on the basis of two-for-five shares held. The warrants will be issued at no cost, with proceeds determined upon exercise.

Cheeding Holdings Bhd, which debuts on the ACE Market this week, secured a RM33.9mn contract from Tenaga Nasional Bhd to build a power supply link for a data centre in Gelang Patah, Johor, to be completed within 240 days.

Powertechnic Group Bhd, a lifting and handling equipment provider, aims to raise RM22.1mn from its upcoming ACE Market listing on Oct 28, 2025, through an issuance of 63mn new shares at 35 sen each. 

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