KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Sunway Bhd
plans to implement joint procurement initiatives in the construction segment as part of its short-term strategy within nine months of acquiring IJM Corporation Bhd, while IJM is expected to continue operating as usual during this period as the group explores potential collaboration opportunities.
Tenaga Nasional Bhd is partnering with the Perak government under its Hydro Life Extension Programme to refurbish major hydro stations along the Temengor-Bersia-Kenering corridor at a cost of RM5.8bn.
Cypark Resources Bhd is expected to undertake a new floating solar farm project at Tasik Kenyir worth approximately RM2.0bn, in partnership with Tenaga Nasional Bhd, according to sources.
UEM Edgenta Bhd has received shareholder approval for the proposed selective capital reduction and repayment exercise by UEM Group Bhd.
The proposed privatisation of DKSH Holdings (M) Bhd via a selective capital reduction has been rejected by shareholders at an extraordinary general meeting.
Dialog Group Bhd will hold a 25% non-operating stake in the Cendramas production sharing contract with PETRONAS and its partners.
MN Holdings Bhd has accepted a letter of award for the construction of a 275kV consumer landing station for a data centre in the central region of Peninsular Malaysia, with a contract value of RM128mn.
Bintai Kinden Corporation Bhd has accepted a letter of award from Tenaga Nasional Bhd for the maintenance of a transmission main intake in Bukit Tengah, Penang, with a contract value of RM44.7mn.
Ni Hsin Group Bhd has entered into a contract manufacturing agreement with MARS Greentech Sdn Bhd to accelerate the rollout of electric two-wheel mobility solutions in Malaysia and the broader Southeast Asian market.
Chin Hin Group Property Bhd has withdrawn its application to extend the timeline for completing its planned RM105mn private placement, just one day after seeking a six-month extension.
NexG Bhd has appointed Datuk Ramli Din and Mohamad Tirmizi Ishak as non-executive directors.
