Trading ideas: Hextar Capital, Pos, AWC, Rivertree, Khee San, Concrete Engineering, MMAG, Manforce, Ge-Shen, Gas Malaysia, Deleum, Marine & General


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

Hextar Capital Bhd has bagged a RM75.9mn sub-contract to undertake geotechnical and earth works for a housing project for families of armed forces personnel in Tawau, Sabah.

Pos Malaysia Bhd expects parcel volumes to increase by between 15% and 20% during the Hari Raya Aidilfitri period this year compared with ordinary months, driven largely by purchases of Raya clothing and hijabs.

AWC Bhd has secured a RM26.1mn contract from the Health Ministry to provide hospital support services at Hospital Shah Alam.

Rivertree STF Synergies Bhd has secured a RM2.3mn contract for earthwork and piling works linked to a labour quarters development project.

Khee San Bhd announced the successful completion of its comprehensive regularisation plan, bringing it closer to exiting its Practice Note 17 status.

Concrete Engineering Products Bhd has entered into an agreement to settle RM16.8mn of outstanding debt through the transfer of quoted shares in Inch Kenneth Kajang Rubber Public Ltd Co.

MMAG Holdings Bhd said it delayed announcing the freeze on several of its bank accounts since October last year, because it did not have any material impact on its operations.

LEAP Market-listed Manforce Group Bhd, a foreign worker recruitment and management firm, has secured M&A Securities Sdn Bhd to underwrite its planned listing on the ACE Market.

Datuk Keh Chuan Seng has ceased to be a substantial shareholder in Ge-Shen Corporation Bhd after selling a 2.41% stake.

Gas Malaysia Bhd is expanding its board with the appointment of MMC Corporation Bhd group chief executive officer Datuk Mohd Nazrul Izam Mansor and Petroliam Nasional Bhd veteran Datuk Md Shah Mahmood.

Deleum Bhd has appointed former MSM Malaysia Holdings Bhd group chief executive officer Syed Feizal Syed Mohammad as an independent and non-executive director of the group.

Marine & General Bhd’s 3QFY26 net profit rose 42.7% YoY to RM3.6mn, buoyed by stronger performance in its upstream segment and stable offshore demand.

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