KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Bintulu Port Holdings Bhd
has obtained the High Court's permission to challenge the Inland Revenue Board's additional tax assessment of RM44.2mn.
Binastra Corporation Bhd, through its unit Binastra Green Energy, has secured a RM305mn contract from Bahru Stainless Sdn Bhd.
KNM Group Bhd’s largest shareholder MAA Group Bhd is pushing for shareholders to vote on the sale of its German unit, Deutsche KNM GmbH, even though Bursa Malaysia has rejected the group’s plan, which includes the sale, to exit its PN17 status.
GDB Holdings Bhd has proposed a private placement of 93.75mn new shares, representing about 10% of its issued share capital, to independent third-party investors Datuk Seri Chan Leng Sam and Datuk Seri Voon Thien Loong.
Propel Global Bhd is selling an indirectly-owned 70% stake in oil and gas services firm Propel Maxflo Sdn Bhd to Reservoir Link Bhd, in return for RM13.79mn cash and a 4.44% additional stake in Reservoir Link.
Advancecon Holdings Bhd has secured a favourable adjudication decision against China Communication Construction (ECRL) Sdn Bhd in relation to a payment dispute involving the East Coast Rail Link project.
Equitiestracker Holdings Bhd has entered into a strategic partnership with Switzerland-based Santiment AG, marking its entry into the regulated digital asset space.
Kronologi Asia Bhd has partnered with LT Zero Pte Ltd and global data storage leader BDT Media Automation GmbH to introduce BDT’s Orion MC6 high-density archival storage solution for enterprises and hyperscale data centres.
Citaglobal Bhd has signed a joint development agreement with Keppel Sustainability Solutions Pte Ltd to develop bio-compressed natural gas upgrading facilities across Pahang, Kelantan, and Terengganu.
