Trading ideas: Binastra, Kerjaya Prospek, D&O, Dengkil, SkyGate, NexG, Vestland, Chin Hin, SC Estate Builder, ES Sunlogy, Infomina


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

Binastra Corporation Bhd’s wholly owned subsidiary Binastra Green Energy Sdn Bhd has entered into a tripartite agreement in relation to a RM305.0mn contract involving infrastructure and renewable energy works.

Kerjaya Prospek Group Bhd's wholly-owned unit, Kerjaya Prospek (M) Sdn Bhd, has won a RM201.3mn contract from Greencove Sdn Bhd.

D&O Green Technologies Bhd has decided to shelve its plan to set up a new plant and will instead utilise RM213.0mn of the RM216.4mn proceeds raised from its private placement exercise repay borrowings and boost the efficiency of its existing plants.

Wawasan Dengkil Holdings Bhd’s wholly-owned subsidiary, Wawasan Dengkil Sdn Bhd, has signed a MoU with Kester Sdn Bhd to explore collaboration on renewable energy and green technology projects in Kedah.

SkyGate Solutions Bhd's wholly owned subsidiary, SkyGate Properties Sdn Bhd, plans to acquire Dahlia Cemerlang Sdn Bhd for a total consideration of RM75.9mn.

NexG Bhd said its external auditor has resigned after noting that the company’s board composition had changed significantly since its appointment just four months ago.

Vestland Bhd has mutually terminated three of its contracts with Splendid Forte Development Sdn Bhd involving affordable housing projects in Selangor totaling RM550.7mn.

Chin Hin Group Property Bhd has cancelled a share sale agreement to sell its stake in four companies valued at RM74.0mn after the buyer was unable to secure financing.

SC Estate Builder Bhd has formalised an agreement to acquire a 25% interest in a non-operational hotel in Alor Setar for RM18.8mn from chairman Loh Boon Ginn’s mother in its push into property investment.

ES Sunlogy Bhd said it has clinched a RM22.3mn subcontract to undertake electrical works for a high-rise serviced apartment development in Batu Kawan, Penang.

Infomina Bhd posted a 2.6% rise in net profit to RM8.3mn for the second quarter ended May 31, 2026, compared with RM8.1mn in the same period a year earlier, supported by stronger contributions from its key business segments. 

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