Trading ideas: Kerjaya, Pimpinan Ehsan, AWC, Steel Hawk, Crescendo, Kelington, Catcha, IJM, Systech, Jasa Kita, SD Guthrie


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

Kerjaya Prospek Group Bhd has secured an RM87.66mn contract to undertake building works for a commercial development project in Shah Alam.

Pimpinan Ehsan Bhd said its proposed regularisation plan involving its acquisition of renewable energy group reNIKOLA Holdings Sdn Bhd is currently under the attention and review of the Ministry of Energy Transition and Water Transformation before the ministry provides its official feedback.

AWC Bhd said an arbitrator has ruled in the engineering services group's favour in a dispute over an unpaid sum for the supply of materials.

Steel Hawk Bhd has obtained shareholders’ approval to diversify into the expanded EPCC segment, marking a strategic move to extend its engineering and project delivery expertise beyond the oil and gas sector.

Crescendo Corporation Bhd, through its wholly-owned unit, is disposing of a piece of freehold land with a four-storey shop office in Desa Cemerlang, Johor Baru, to Wilgain Resources Sdn Bhd for RM4.02mn.

Kelington Group Bhd announced that its subsidiary, Kelington Taiwan, has won a long-standing legal dispute against Hui Neng Mechanical & Electrical Engineering Co. after the Supreme Court of Taiwan dismissed Hui Neng’s appeal.

Catcha Digital Bhd has successfully completed its renounceable rights issue, marking an oversubscription of 78.25% and raising RM24.33mn in gross proceeds.

IJM Corporation Bhd has secured a RM1.4bn contract from New Pantai Expressway Sdn Bhd to design and build the 15km fully elevated New Pantai Highway Extension, linking Pantai Dalam to the Jalan Istana interchange.

Systech Bhd entered into a two-year collaboration with Microlink Solutions Bhd’s subsidiary Applied Business Systems Sdn Bhd to provide enterprise-scale GPU-as-a-service and AI compute solutions.

Jasa Kita Bhd has designated Datuk Yasmin Mahmood as its executive chairman and her brother Datuk Seri Iskandar Mizal Mahmood as group managing director.

SD Guthrie Bhd’s 3QFY2025 surged 22% to RM935.0mn largely due to land sales and higher downstream sales. 

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