Trading ideas: MISC, SimeProp, Perak, XOX, Quality Concrete, Gagasan Nadi, JAG, IOIPG, Tanco, DRB-Hicom, Ramssol, SMRT


KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.

MISC Bhd has secured a contract from PETRONAS Carigali Brunei Ltd to lease, operate and maintain a floating production unit for a natural gas development project in Brunei.

Sime Darby Property Bhd and Mydin Mohamed Holdings Bhd have broken ground on the RM450.0mn fully automated distribution centre in the City of Elmina, marking a major expansion of Malaysia's logistics infrastructure.

Perak Transit Bhd has proposed to establish a RM1.5bn sukuk wakalah programme to fund its capital expenditure, working capital and other shariah-compliant corporate purposes.

XOX Technology Bhd is changing its name to Nova Technology Services Bhd, effective Dec 9, 2025, and its securities will be traded and quoted under the new name and new stock short name, NOVATECH.

Quality Concrete Holdings Bhd's subsidiary, QC Construction & Engineering Sdn Bhd, has accepted a contract award from the Regional Corridor Development Authority for works worth RM91.5mn.

Gagasan Nadi Cergas Bhd’s proposed acquisition of a majority stake in Konsortium PAE Sepakat Sdn Bhd has become unconditional.

JAG Capital Holdings Bhd, controlled by Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani, has raised its stake in MyNews Holdings Bhd to about 20%, versus a little under 14% before the latest trades.

IOI Properties Group Bhd today launched its 130.3-hectare IOI Industrial Park @ Banting, signifying its progress to advance its industrial segment strategy.

Tanco Holdings Bhd has named CCCC Dredging Southeast Asia Sdn Bhd, a unit of China Communications Construction Company, as the proposed contractor for the Sea Port Component of its Smart AI Container Port  in Port Dickson, Negeri Sembilan.

DRB-Hicom Bhd's unit Composites Technology Research Malaysia Sdn Bhd has acquired Spirit Aerosystems Malaysia Sdn Bhd in a bid to enhance its aerostructures capabilities.

Ramssol Group Bhd’s wholly-owned subsidiary, Rider Gate Sdn Bhd, has been appointed by the Transport Ministry as the Road Transport Department Malaysia’s authorised collection agent for motor vehicle ownership transfers, motor vehicle license renewals, and traffic summons payments.

SMRT Holdings Bhd is acquiring 1.7mn shares, representing a 37.5% stake in Singapore-based Novus Technologies Pte Ltd, for S$7.1mn (RM22.5mn) to expand its IT and digital solutions portfolio.

 

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