Latest news with #LimWeeKiat
The Star
4 days ago
- Business
- The Star
Trading ideas: TNB, IHH, Paramount, Zetrix AI, LGMS, Handal, Econpile, Ho Wah, PMCK
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Tenaga Nasional Bhd has resolved a technical issue that had affected the display of July's electricity usage graph on its myTNB mobile application. IHH Healthcare Bhd is looking to potential new markets in Indonesia and Vietnam, as the Malaysian hospital operator continues building scale to offset rising healthcare costs in the region. Paramount Property Development Sdn Bhd, a wholly owned subsidiary of Paramount Corporation Bhd has partnered with Hong Kong-based Cathay Pacific Airways Ltd for a homeownership campaign named "Traverse with Paramount", offering Asia Miles to its homebuyers. Zetrix AI Bhd, formerly known as MyEG Services Bhd , has increased the size of its sukuk Wakalah programme to RM2bn in nominal value, doubling the original RM1bn. Zetrix said the sukuk will primarily support the continued growth of its blockchain and AI initiatives. Cybersecurity serve provider LGMS Bhd is proposing to acquire a 27% stake in information technology company Antarex Holdings Sdn Bhd for RM22.7mn. Handal Energy Bhd said on the group is being sued by a firm controlled by its former managing director and substantial shareholder Sunildeep Singh Dhaliwal, over an alleged outstanding debt of RM3.1mn. Construction firm Econpile Holdings Bhd has secured a RM27mn contract for piling and pile cap works for two 37-storey serviced apartment blocks in Kelana Jaya, Selangor. Ho Wah Genting Bhd has redesignated executive director Lim Wee Kiat as its chief executive officer, effective July 7. Private healthcare provider PMCK Bhd made a steady debut on the ACE Market of Bursa Malaysia, opening half a sen or 2.3% higher than its IPO price of 22 sen.
The Star
6 days ago
- Business
- The Star
Trading ideas: Alliance, Binastra, YTL Power, SkyWorld, Ho Wah, Bina Puri, Sapura Energy, NPC, Aeon Credit
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Alliance Bank Bhd said its rights issue of two new shares for every 17 shares held has been oversubscribed by 55.1%. Binastra Corp Bhd 's wholly-owned subsidiary Binastra Builders Sdn Bhd has secured a RM405mn construction job for The Queenswoodz residential project in Bukit Jalil, Kuala Lumpur. YTL Power International Bhd has invested about RM10bn in AI and AI infrastructure to date and encourages Malaysian companies to invest in AI and leverage the infrastructure. Skyworld Development Bhd is acquiring a 25.9-acre parcel of land in Batu Kawan, Penang, for RM48.51mn as part of a previously announced joint development to build affordable housing units in the state. Ho Wah Genting Bhd has redesignated executive director Lim Wee Kiat as its chief executive officer, effective July 7. Bina Puri Holdings Bhd said two of its wholly owned subsidiaries have been served with winding-up petitions by the government, via the Inland Revenue Board, for failing to settle outstanding tax liabilities. Sapura Energy Bhd will convene an extraordinary general meeting on July 30, 2025, for shareholders to vote on its proposed regularisation plan aimed at restoring the company's financial health and exiting Practice Note 17 status. Sabah-based plantation company NPC Resources Bhd will be delisted from Bursa Malaysia effective July 11. Aeon Credit Service (M) Bhd 's net profit fell by 27.1% to RM77.6mn in 1QFY26 ended May 31, 2025, from RM106.4mn a year ago. This was largely due to a RM15.9mn loss from its associate, Aeon Bank.
