1 week Ago
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Axiata Group Bhd and Malaysian sovereign wealth fund Khazanah Nasional Bhd have asked investment banks to submit proposals to work on a potential sale of Edotco. Gas Malaysia Bhd announced that its Serdang City Gate station has resumed operations, improving gas supply stability in the Klang Valley and reducing the number of affected customers to 275.
Dayang Enterprise Holdings Bhd has secured 2 work orders from Petronas Carigali Sdn Bhd for the provision of accommodation workboat vessels. Hibiscus Petroleum Bhd said its PM3 Commercial Arrangement Area production sharing contract offshore northeast Malaysia has been extended for 20 years. Duopharma Biotech Bhd has bagged another 3 government supply contracts worth RM16.
6mn from Pharmaniaga Logistics Sdn Bhd. WCT Holdings Bhd said its shareholders have approved the proposal to list the Paradigm Real Estate Investment Trust on the Bursa Malaysia Main Market at Wednesday’s extraordinary general meeting. Sapura Energy Bhd has clinched a contract worth RM40.
0mn for maintenance, construction and modification services for offshore facilities in Peninsular Malaysia. KIP Real Estate Investment Trust is acquiring four retail properties worth RM118.0mn in Kuala Selangor and Kuantan, Pahang.
Able Global Bhd , which has operations in Mexico, is looking to avail of the zero-tariff perk accorded under the United States-Mexico-Canada Agreement to mitigate rising trade barriers on exports to the United States. Perdana Petroleum Bhd has secured 2 contracts for the charter of anchor handling tug and supply vessels. LGMS Bhd has proposed to acquire an equity stake — at a price and size yet to be determined — in Antarex Holdings Sdn Bhd, as part of its strategy to expand its footprint across Southeast Asia.
AWC Bhd has entered into an agreement with Landasan Kapital (M) Sdn Bhd and Terminal Bersepadu Gombak Sdn Bhd for a 10-year build-operate-transfer concession worth RM18.4mn. Jati Tinggi Group Bhd has secured a RM30.
3mn sub-contract from Worktime Engineering Sdn Bhd for the relocation of 33kV and 132kV power supply cables in Bandar Sri Pinang. Khee San Bhd ’s manufacturing facilities are fully operational after gas supply was restored. AMMB Holdings Bhd 's group chief financial officer Shafiq Abdul Jabbar is stepping down “to pursue other professional opportunities”.
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