Trading ideas: Sunway, MISC, Southern Score, Guocoland, AME Elite, Pintaras Jaya, PTT Synergy, SCIB, Mlabs, Propel Global, Emico, Mudajaya, Tabung Haji, MyTech, MSM, Glomac


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

Sunway Bhd said its proposed takeover offer for the entire 3.5bn shares in IJM Corporation Bhd will close on 6 April this year.

MISC Bhd has received a letter of award from Petronas LNG Ltd for the provision of long-term liquefied natural gas shipping services, involving three newbuild LNG carriers.

Southern Score Builders Bhd, whose bid to take over Nova Pharma Solutions has already crossed the 90% regulatory threshold, said its stake in the LEAP Market-listed company increased further to 97.7% as at yesterday.

GuocoLand (M) Bhd has received a proposal from its controlling shareholder, GLL (Malaysia) Pte Ltd, to privatise the company at RM1.10 per share via a selective capital reduction and repayment exercise.

AME Elite Consortium Bhd has secured a RM214.1mn construction contract from KLIA Aeropolis Sdn Bhd, a subsidiary of Malaysia Airports Holdings Bhd.

Pintaras Jaya Bhd has secured a RM35.5mn subcontract for a proposed bridge construction project in Kuching, Sarawak.

PTT Synergy Group Bhd has secured a RM34.1mn contract from Sime Darby Property Bhd for earthworks and ancillary works at the Bandar Bukit Raja development in Klang, Selangor.

Sarawak Consolidated Industries Bhd said its indirect wholly-owned subsidiary, SCIB Concrete Manufacturing Sdn Bhd, has cancelled a RM49.0mn loan previously approved by Malaysian Industrial Development Finance Bhd.

MLABS Systems Bhd said trading in its shares will be suspended next Tuesday (Feb 10) after it failed to submit its annual report for FY25 within the stipulated deadline.

Propel Global Bhd has entered into a MoU with Sabah Energy Corporation Sdn Bhd and Reservoir Link Energy Bhd to jointly explore the development of a modular gas power plant in Sabah.

Emico Holdings Bhd has announced that a fire occurred at one of its two manufacturing plants in Bayan Lepas, Penang and yet to ascertain the financial impact arising from the incident.

Mudajaya Group Bhd said the High Court has allowed its winding-up petition against THB Power Sdn Bhd after the independent power producer again failed to make the final tranche of payment totalling RM27.9mn, including interest.

Lembaga Tabung Haji has emerged as a substantial shareholder with 5.0% stake in newly listed Orkim Bhd.

Mytech Group Bhd said its conditional mandatory takeover offer by executive chairman Tan Sri Cheng Joo Teik closed on Feb 3, with the offeror and persons acting in concert securing a 56.1% stake in the group.

MSM Malaysia Holdings Bhd has appointed Dr Mazatul ‘Aini Shahar Abdul Malek Shahar as its group CEO, effective Feb 4, 2026.

Glomac Bhd has appointed FD Idzham FD Iskandar as its group executive director, as part of the group’s structured leadership succession planning and ongoing governance framework.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bursa Malaysia , KLCI , equities , trading , stock

Next In Business News

Gas Malaysia advances energy security, resilience via partnership with�Tokyo Gas, VTTI
Nvidia clinches deals with South Korean giants include SK Group to advance AI boom
IATA: Middle East disruptions, high fuel prices to halve airline industry profitability in 2026
How can retail investors buy shares in SpaceX's IPO?
Invest Malaysia 2026 to feature 61 Malaysian corporates, attract more than 1,500 delegates
Foreign selling streak on Bursa Malaysia enters fourth week with RM1.05bil outflows
Astro names Henry Tan interim group CEO as Euan Smith steps down
Bursa Malaysia starts week lower amid cautious sentiment
Ringgit higher against most major currencies, easier vs US dollar
Trading ideas: EITA, Alam Maritim, Well Chip, UMS Integration, Lianson Fleet, Encorp, Pineapple Resources

Others Also Read