KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Inta Bina Group Bhd
said it has secured a RM32.4mn construction contract for the Eco Ardence township in Setia Alam, Shah Alam.
Infoline Tec Group Bhd said it has proposed to acquire two adjoining three-storey semi-detached factory buildings in Sungai Buloh, Selangor, for a total cash consideration of RM18.6mn.
Lim Seong Hai Capital Bhd said it has partnered with Knusford Bhd for a road upgrade project in Kuantan and secured a subcontract worth up to RM30.0mn.
PMW International Bhd has entered into a share subscription and shareholders’ agreement with Sarawak Timber Industry Development Corporation to develop a concrete piles and poles manufacturing facility in Tanjung Manis, Sarawak.
EPB Group Bhd said it has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia.
MNC Wireless Bhd said it is expanding into digital document management and mobile advertising platforms, alongside a proposed rights issue to fund these initiatives.
Talam Transform Bhd said it will convene an EGM by end-Jun following a High Court consent order, for shareholders to vote on the appointment of a forensic auditor.
Focus Dynamics Group Bhd said its external auditor Nexia SSY PLT has resigned due to a fee dispute, with the group currently in the process of appointing a replacement auditor.
Hartanah Kenyalang Bhd said rising material costs linked to geopolitical tensions are exerting pressure on margins, with management noting that contractors are facing higher input prices amid the Iran-US conflict.
Mayu Global Group Bhd has acquired the remaining 20.0% stake in Sunrise Manner Sdn Bhd for RM0.5mn, making it a wholly owned subsidiary.
Perak Transit Bhd has appointed Jeffrey Cheong Mun Kwong as deputy executive director, where he will spearhead initiatives to integrate retail and digital commerce elements into the group’s infrastructure.
Golden Destinations Group Bhd said its IPO has been oversubscribed by 2.1x for the public portion.
Eckem Holdings Bhd said it has signed an underwriting agreement with M&A Securities for its proposed ACE Market listing, with the adviser underwriting 62.5mn shares, representing 10.0% of its enlarged share capital.
MM Computer Systems Bhd said it has entered into an underwriting agreement with Malacca Securities Sdn Bhd in conjunction with its proposed ACE Market listing.
