KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
TRC Synergy Bhd
secured a RM150mn subcontract from Gamuda Bhd’s engineering arm for underground services works at a hyperscale data centre, with completion targeted by 25 Nov 2026.
Favelle Favco Bhd secured four crane supply contracts worth RM131.7mn, comprising two tower cranes and two offshore cranes, with deliveries scheduled between end-2026 and 3Q27.
QES Group Bhd’s 70%-owned subsidiary has agreed to acquire two freehold office units in Singapore for S$5.5mn (RM17.5mn) cash, intended for clean industrial use.
Genting Bhd has divested a 5% stake in PT Layar Nusantara Gas to a subsidiary of PT Rukun Raharja TBK, reducing its indirect ownership to 95%, with the transaction completed on 4 Sept.
Theta Edge Bhd secured a five-year contract from Prasarana Malaysia Bhd to develop, operate and maintain telecommunications infrastructure along the LRT3 corridor.
Dagang Nexchange Bhd and Matrade signed an MOC to strengthen digital trade facilitation and support SME exporters by integrating DNeX TradeHub with the Madani Digital Trade Platform, including customs declaration services.
Malayan Banking Bhd has received BNM’s approval to acquire the remaining 30.95% stake in Maybank Ageas Holdings Bhd from Ageas for RM4.8bn, funded entirely through internal funds, with completion expected on 11 Sept.
Public Bank Bhd is proposing to privatise its 73.23%-owned Hong Kong-listed subsidiary Public Financial Holdings Ltd at HK$2.50 per share (RM1.29) in cash, costing approximately HK$734.8mn for the remaining 26.77% stake.
Ni Hsin Group Bhd plans to diversify its EV business beyond electric motorcycles into segments such as electric off-road motorcycles, while expanding through partnerships, contract manufacturing and wider corporate/fleet distribution channels.
NCT Alliance Bhd officially launched Phase 2 of NCT Smart Industrial Park in Sepang, a 230-acre development with RM2.5bn GDV and 241 industrial units, while Phase 1 is already 90% taken up.
IJM Corporation Bhd has launched its AI-enabled Smart Highway System across three highways, backed by RM14.3mn investment since 2025, to enhance real-time incident detection, traffic coordination and road safety.
Hektar REIT has appointed Datuk Seri Jamil Bidin, 69, as chairman, effective immediately, filling the position that has been vacant since 2023 following Hasli Hashim’s resignation.
Boardroom changes continued among companies linked to Zetrix AI Bhd founder TS Wong, with Datuk Faizal Abdullah appointed chairman of Cuscapi Bhd, while several directors departed and former NexG Bhd director Badrul Hisham Abdul Aziz joined Heitech Padu Bhd.
Zetrix AI Bhd founder TS Wong reduced his direct stake in Excel Force MSC Bhd to 7.234% after disposing of 104.21mn shares, while retaining an indirect stake of 6.772%.
Mechanical and civil engineering services provider Pioneer Heat Holdings Bhd saw its public portion of its initial public offering oversubscribed by 47.80 times, ahead of its ACE Market listing on Sept 17.
EGH International Bhd has signed an underwriting agreement with Berjaya Securities for its planned ACE Market listing in Oct 2026, offering a 36% stake comprising 80mn underwritten shares and 280mn placement shares.
SCA Solutions Bhd has received Bursa Malaysia’s approval to pursue an ACE Market IPO in 4Q26, offering up to a 30% stake through a public issue and offer for sale to fund new facilities and support operational expansion.
