KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
UEM Sunrise Bhd
has appointed EXSIM KLCC Sdn Bhd to develop its 1.6-acre freehold site in Kuala Lumpur into a mixed-use project comprising a hotel, hotel residences and a retail mall under a development rights agreement.
Insas Bhd has disposed of 150.0mn shares in Inari Amertron Bhd for RM318.1mn cash, trimming its investment in the outsourced semiconductor assembly and test provider to 5.70%.
Genting Malaysia Bhd’s indirect subsidiary, Empire Resorts Inc, has scrapped its proposed capital restructuring after fully redeeming its USD300.0mn senior secured notes due Nov 1, 2026.
WTK Holdings Bhd is selling its 65% stake in palm oil unit Positive Deal Sdn Bhd, as well as 5,548 hectares of plantation land in Miri, for RM221.5mn cash.
Kuala Lumpur Kepong Bhd is facing arbitration proceedings initiated by PT Pertagas Niaga against its subsidiary, PT Perindustrian Sawit Synergi, over the termination of a gas supply agreement.
Hextar Industries Bhd has secured a RM138.4mn contract to provide engineering, procurement and construction works for an industrial development in Pulau Indah, Selangor.
QES Group Bhd has proposed a private placement of 83.3mn new shares, representing 10.0% of its issued share capital excluding treasury shares, to Ray Tech Singapore Pte Ltd for 53 sen per share.
Mesiniaga Bhd has secured a RM40.0mn contract from Pharmaniaga Logistics Sdn Bhd to provide new centralised server infrastructure for the Pharmacy Information System Version 3.0.
A joint venture led by Jati Tinggi Group Bhd has secured a RM27.5mn contract to undertake dam safety enhancement works at four hydroelectric facilities in Perak.
Elridge Energy Holdings Bhd plans to invest RM13.0mn to install and commission four new palm kernel shell biomass production lines in Kuantan, Pahang, via its wholly-owned subsidiary Bio Eneco Sdn Bhd.
Nova MSC Bhd and Theta Edge Bhd have mutually agreed to terminate their more than two-year joint venture agreement to provide e-government and technology solutions, including system integration and consultancy services.
Rohas Tecnic Bhd said the Malaysian Anti-Corruption Commission has concluded its investigation into its unit, HG Power Transmission Sdn Bhd, with no further action to be taken against the company or its personnel.
Radium Development Bhd managing director and major shareholder Gan Kah Siong’s brother, Tan Sri Gan Yu Chai, has emerged as a substantial shareholder of the property developer with 7.79% stake.
