KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
IOI Properties Group Bhd
has jointly submitted an expression of interest with an investment entity managed by CapitaLand Investment Ltd to acquire One Raffles Place in Singapore on a 50:50 basis.
United Malacca Bhd has received a mandatory takeover offer from Prosper Trading Sdn Bhd at RM6.10/share, after the latter acquired a 13.44% stake from Great Eastern Life Assurance (Malaysia) Bhd for RM171.9mn.
IJM Corporation Bhd has secured a RM1.23bn contract from AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd to construct semiconductor manufacturing facilities at Kulim Hi-Tech Park, Kedah.
MN Holdings Bhd has secured a RM293.9mn contract to build two high-voltage power facilities for a data centre development in the central region of Peninsular Malaysia.
Swift Energy Technology Bhd said it has secured a contract to engineer and supply a 11kV substation for a gas compression plant in Johor, marking its first engineering, procurement, construction, and commissioning project.
Kinergy Advancement Bhd has secured a RM47.5mn subcontract from Gamuda Bhd's unit for electrical works at a hyperscale data centre in Bandar Spring Hill, Port Dickson.
Zetrix AI Bhd’s managing director Wong Thean Soon has continued to pare down his stake in the company, selling about 142.0mn shares for RM11.6mn at prices ranging from 7.0 sen to 11.2 sen each.
iCents Group Holdings Bhd said it has secured a contract worth RM36.2mn to undertake engineering, procurement, construction and commissioning works for the turnkey development of a semiconductor wafer processing facility in Selangor.
Infomina Bhd has renewed a five-year software subscription and maintenance contract worth JPY855.0mn, or about RM22.1mn, with Panasonic Digital Co Ltd.
LAC Med Bhd has secured a seven-year contract worth up to RM20.0mn to provide integrated medical imaging solutions to Health Capitol Specialist Centre Sdn Bhd’s upcoming ambulatory care centre in Petaling Jaya, Selangor.
Edelteq Holdings Bhd has proposed a private placement of up to 90.1mn new shares, or 10.0% of its enlarged share base, to raise up to RM26.8mn.
Deleum Bhd has entered into a heads of agreement to dispose of its 86.67% stake in Deleum Technology Solutions Sdn Bhd to Ocean Vantage Holdings Bhd for RM13.0mn.
Tong Herr Resources Bhd’s independent adviser has deemed the proposed RM2.55/share privatisation offer by the Tsai family as “not fair but reasonable”, and recommended minority shareholders accept the deal.
