Trading ideas: Padini, Kerjaya, Berjaya Property, Cropmate, Guocoland, iCents, Liftech, MKH, SHH, Metro, Silver Ridge


KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Padini Holdings Bhd said all bank accounts previously frozen by the Malaysian Anti-Corruption Commission have been unfrozen and no director, officer, employee, or representative of the group has been arrested nor charged with any offence arising from the matter.

Kerjaya Prospek Group Bhd has acquired a 9.09% stake in ES Sunlogy Bhd for RM18.8mn through the subscription of 70.0mn new shares under ES Sunlogy's private placement exercise.

Berjaya Property Bhd is investing RM58.0mn in Manjaran Sdn Bhd to gain exposure to the Perlis Maritime Corridor project, expanding into the port, logistics and energy sectors.

Cropmate Bhd said the MACC has lifted the freeze on all affected bank accounts of the company and its subsidiaries and none of its directors, officers or employees have been arrested or charged, and no forfeiture proceedings have been initiated against the company.

Guocoland (Malaysia) Bhd said trading in its shares will be suspended from Jul 30, 2026 to facilitate its selective capital reduction and capital repayment exercise, paving the way for its privatisation and subsequent delisting from Bursa Malaysia.

iCents Group Holdings Bhd said its wholly owned subsidiary, VC Engineering Sdn Bhd, has secured a RM12.9mn contract to undertake renovation works for a factory, warehouse and office in the Klang Valley.

Liftech Group Bhd said its wholly owned subsidiary, Liftech Engineering (KL) Sdn Bhd, has secured a RM25.0mn contract from AME Construction Sdn Bhd to provide a material handling system for an aerospace-related test cell facility in Sepang, Selangor.

MKH Bhd has appointed Kenanga Investment Bank Bhd as the independent adviser for Batu Kawan Bhd's proposed mandatory general offer of RM2.00 per share.

SHH Resources Holdings Bhd has proposed to acquire a 51.0% stake in Stellar Jewel Mining Sdn Bhd from Sa Yijiao for RM4.0mn cash.

Metro Healthcare Bhd has appointed UHY Malaysia PLT as its external auditor with effect from Jul 16, 2026, following the retirement of HLB Ler Lum Chew PLT at the company's 16th AGM.

Silver Ridge Holdings Bhd has appointed five new directors with effect from Jul 16, 2026, following the resignation of six board members as part of the group's succession planning and leadership transition.

 

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