1 day Ago
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Tenaga Nasional Bhd , via a wholly owned subsidiary, has secured a RM705mn contract from the Kuwait Ministry of Electricity, Water and Renewable Energy for maintenance works at the Sabiya Power Generation and Water Distillation Plant in Kuwait. RHB Bank Bhd has confirmed that it has been named as the third defendant in a RM313.
1mn lawsuit filed by Prismaworld Embassyview Sdn Bhd at the High Court. Fraser & Neave Holdings Bhd has received its first commercial batch of 2,500 dairy heifers from Chile to F&N Agrivalley, the groups' integrated dairy farm in Gemas, Negeri Sembilan. Skygate Solutions Bhd is acquiring a 51% stake in Leader Range Technology for RM10.
7mn. Lien Hoe Corp Bhd announced that its audited accounts for the FY2024 raised a material uncertainty related to its ability to continue as a going concern, according to its independent auditors, UHY Malaysia PLT. Scope Industries Bhd is disposing of its wholly-owned subsidiary, Scope in Scope Manufacturers (M) Sdn Bhd (SMSB), to Singapore-based Luxshare Precision Singapore Pte Ltd for RM96.
7mn. The bank accounts of Mayu Global Group Bhd and several of its subsidiaries, holding a combined total of RM10.7mn, have been frozen by the Royal Malaysia Police as part of an ongoing investigation under anti-money laundering laws.
Binastra Corp Bhd has secured its first projects in Johor Bahru — two construction contracts worth RM458.5mn to build serviced apartments along Jalan Kebun Teh. Keyfield International Bhd is acquiring a new Dynamic Positioning 2 98-metre long cable-laying barge from Taizhou Sanfu Ship Engineering Co Ltd China for RM90.
8mn. Binasat Communications Bhd said a RM13.2mn civil works contract involving a high-voltage substation in Kuala Lumpur that was awarded to the group late last year has been terminated.
Aurelius Technologies Bhd plans to issue bonus shares and warrants, offering two new shares for every existing share and one free warrant for each share held. Kerjaya Prospek Group Bhd has secured a RM98.1mn building contract for a project at Bandar Tanjung Pinang, Andaman Island.
Signature Alliance Group Bhd has signed an underwriting agreement with M & A Securities Sdn Bhd and Affin Hwang Investment Bank Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd..
