KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
IJM Corporation Bhd
has clarified recent media reports on Sunway Bhd’s conditional voluntary takeover offer, reiterating that the proposal was not discussed with the company prior to its formal announcement and maintaining its recommendation for shareholders to reject the offer.
Affin Bank Bhd has received approval from Bank Negara Malaysia for its proposed acquisition of Pheim Asset Management Sdn Bhd for RM50.0mn in cash.
Kerjaya Prospek Group Bhd has secured a RM98.8mn contract from Sena Letrik (M) Sdn Bhd for building, mechanical and electrical, as well as external works for a proposed private hospital project in Negeri Sembilan.
A 60:40 consortium between Cypark Resources Bhd and Sunview Group Bhd has secured a RM2.0bn contract from Tenaga Nasional Bhd to develop a 595MWac floating solar plant with battery energy storage at Tasik Kenyir, Terengganu.
Tenaga Nasional Bhd is said to be in early discussions to participate in Petroliam Nasional Bhd’s upcoming regasification terminal project in Lumut, Perak, according to sources.
Nextgreen Global Bhd has secured a RM50.0mn working capital financing facility from Bank Rakyat to support its ongoing business operations.
EG Industries Bhd has increased its stake in Thailand-listed ND Rubber Public Co Ltd to 41.6%, strengthening its position in energy and electric vehicle-related solutions.
PTT Synergy Group Bhd has secured a RM31.7mn contract for earthworks and ancillary works at Bandar Bukit Raja in Klang, Selangor.
TSR Capital Bhd has secured a RM34.0mn flood mitigation project along the East Coast Expressway.
Kee Ming Group Bhd has secured a RM6.7mn subcontract for electrical and commissioning works at a hyperscale data centre project in Elmina Business Park 1A.
T7 Global Bhd has secured a contract from Vestigo Petroleum Sdn Bhd for the provision of offshore transport and installation services for the Berantai floating production, storage and offloading facility.
Kenyalang Capital Sdn Bhd has emerged as a substantial shareholder in Reservoir Link Energy Bhd, after acquiring 28.2mn shares, representing a 7.4% stake, via a direct business transaction.
