KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Sunview Group Bhd
has bagged a RM289.7mn contract from Malakoff Evergreen Sdn Bhd for a solar photovoltaic power plant project in Bintulu, Sarawak.
Paramount Corp Bhd is aiming for RM1.2bn property sales this year and is confident that its margins will withstand cost pressures amid Middle East tensions.
Poh Huat Resources Holdings Bhd said a substantial shareholder has put forward a proposal for at least 50% of fees received by independent non-executive directors to be paid in the form of the company's shares purchased from the open market.
PN17 company Ireka Corp Bhd will be delisted from the official list of Bursa Malaysia on March 10, after its appeal for a further extension of time to submit its regularisation plan was rejected by the bourse regulator.
Magma Group Bhd is proposing to acquire the entire business and operations of the Luma Hotel in Kota Kinabalu, Sabah, together with four contiguous buildings where the hotel is currently operating from, for a total of RM60.9mn.
EPB Group Bhd, which debuted on the ACE Market in August 2024, has proposed to transfer its listing to the Main Market of Bursa Malaysia.
Intraday short selling of AirAsia X Bhd shares has been suspended after the stock fell more than 15% on Thursday.
Innature Bhd has secured a deal to exclusively distribute products of French natural cosmetics and skin care brand Yves Rocher in Singapore.
NexG Bhd saw a tussle erupt at its boardroom following the emergence of Datuk Ishak Ismail's Raya Aviation Holdings as its largest shareholder.
Genetec Technology Bhd co-founder Aaron Chen Khai Voon has emerged as a substantial shareholder in Sunzen Group Bhd with a 8.5% stake after acquiring an additional 4.3% stake.
Jati Tinggi Group Bhd is proposing to subscribe to 520,408 new ordinary shares in Roflex Pipe Sdn Bhd (representing a 51% interest) of the latter's enlarged number of issued ordinary shares, for RM6.1mn.
KJTS Group Bhd is proposing to acquire a 70.7% interest in iHandal Holdings Sdn Bhd from Corellia Holdings I Sdn Bhd, Aaron C. Patel and Christopher Zhong Yi Lim for RM10.1mn.
Timberwell Bhd substantial shareholder Datuk Yap Pak Leong has disposed of additional shares in the company amid ongoing changes to its shareholding structure.
West River Bhd has accepted a letter of award from BUCG (M) Sdn Bhd for the execution and completion of electrical services works for the Park Green development at Pavilion Bukit Jalil, Kuala Lumpur, worth RM11.3mn.
Nestle (Malaysia) Bhd has appointed Normalis Mohd Sharif as executive director of human resources and Rajesh Singh as executive director of supply chain, succeeding Mitzie Antonio and Anurag Dwivedi.
British American Tobacco (Malaysia) Bhd announced that its managing director Nedal Salem will be concluding his tenure on Aug 1 after leading the company for four and a half years. Nedal, 56, will be succeeded by Daniel Hsu, current general manager of BAT Vietnam Cluster.
