KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
HE Group Bhd
, via its wholly-owned subsidiary Hexatech Engineering Sdn Bhd, has secured a RM102mn subcontract for main electrical works at a data centre project in Johor.
LFE Corp Bhd has secured a RM16.2mn related-party contract from Puncak Concept for piling, pile cap and associated works for a development project in Cyberjaya, with completion scheduled by January 2027.
ICT Zone Asia Bhd has secured a RM28.1mn deal to lease information and communications technology hardware under a 36-month contract,
Titijaya Land Bhd is acquiring a 6.07-hectare leasehold land parcel in Bukit Raja, Klang for RM47.4mn to expand its strategic land bank and support future development opportunities.
Bedi Bhd has proposed to acquire Sejati Sentral (Sandakan) and FYT Land (KK) from a related party for RM38.8mn cash to strengthen its presence in Sabah’s property market.
Berjaya Corporation Bhd has disposed of its entire 8.6% stake in Citaglobal Bhd for RM42.6mn to Detik Ria, a company controlled by Johor princess Tunku Tun Aminah Sultan Ibrahim.
Sunview Group Bhd has proposed to dispose of its entire 22.44% stake in Winstar for RM30.1mn cash to nine investors.
Hextar Retail Bhd is acquiring the assets and business operations of the Zok Noodle House outlet in Bandar Sunway for RM1.3mn as part of its strategy to expand and diversify its presence in the food and beverage sector.
KJTS Group Bhd has secured a 10-year savings-sharing agreement with Top Glove Corp Bhd that could generate approximately RM27.3mn in revenue through its Heatfuse Heat Recovery Solutions system.
Propel Global Bhd is diversifying into property development with the launch of its maiden RM64mn GDV commercial project, Riverpoint in Kuantan.
Ajinomoto Co is proposing to privatise and delist Ajinomoto (Malaysia) Bhd through a RM603.4mn selective capital repayment exercise at RM20.00 per share, representing a 31.6% premium to its last traded price.
Sime Darby Property Bhd’s New Economy Venture fund has established a RM2.6bn sukuk programme, believed to be the world’s first Islamic bond financing structure dedicated to data centre infrastructure.
AirAsia X Bhd plans to further reduce airfares following the sharp decline in jet fuel prices while also preparing to implement a rolling fuel hedging strategy and selectively reinstate profitable routes as market conditions improve.
Tri Star SBN Bhd, a manufacturer of specialty fasteners and corrosion protection solutions for the oil and gas industry, has filed for an ACE Market listing.
The High Court has approved the convening of Talam Transform Bhd’s EGM on July 10 to consider a shareholder-led proposal to remove and replace the board, while imposing restrictions that prevent changes to the board composition or share capital structure pending the meeting.
Salcon Bhd executive deputy chairman Tan Sri Tee Tiam Lee has ceased to be a substantial shareholder of Eduspec Holdings Bhd after disposing of a 4.0% stake in an off-market transaction.
Theta Edge Bhd chairman Tan Sri Abdul Rahman Mamat has resigned after two years in the role to pursue other commitments, with the group yet to announce his successor.
Widad Group Bhd founder and controlling shareholder Tan Sri Muhammad Ikmal Opat Abdullah has resigned as executive deputy chairman due to personal commitments, ending his tenure after nearly two years in the role.
