23-07-2025
Trading ideas: TNB, Bursa, HI Mobility, KIP REIT, UUE, Pestec, Jati Tinggit, SL Innovation, SC Estate, Majuperak, Oasis, Pavilion REIT
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Tenaga Nasional Bhd has been given the green light by the High Court to commence judicial review against the Inland Revenue Board in relation with tax assessment totalling RM291.6mn for FY18.
Bursa Carbon Exchange, a subsidiary of Bursa Malaysia Bhd , will host its first bilateral energy supply contract auction this November.
HI Mobility Bhd is working to resolve a strike involving drivers of its flagship bus brand Causeway Link, following a recent wage cut.
Unitholders of KIP Real Estate Investment Trust have given the green light at its extraordinary general meeting for the RM118.0mn acquisition of 4 retail properties in Kuantan and Selangor as well as a RM132.0mn private placement to fund part of the purchase and subsequent enhancements.
UUE Holdings Bhd have inked a memorandum of understanding with Asean Cableship Pte Ltd to provide horizontal directional drilling solutions for offshore telecommunications and infrastructure projects in the Asia Pacific region.
Pestec International Bhd has been sued by its former group CEO Paul Lim Pay Chuan and his uncle, former deputy chairman Lim Ah Hock, for a total of RM17.5mn in alleged unpaid advances.
Jati Tinggi Group Bhd has secured a RM19.4mn contract from Tenaga Nasional Bhd for submarine cable works in Perak via a 70:30 joint venture.
SL Innovation Capital Bhd has decided to defer plans to transfer its listing from the LEAP Market to the ACE Market, citing prevailing market uncertainties.
SC Estate Builder Bhd is disposing of a piece of land in Alor Setar, Kedah, measuring 5,834 sq metres to Novium Pinnacle Sdn Bhd for RM8.8mn.
Majuperak Holdings Bhd 's RM18.4mn proposed disposal of Brewster Village to Ladang Lekir Sdn Bhd was terminated due to unmet conditions. Majuperak remains an affected issuer and aims to submit its revised plan by 11 October 2025.
Oasis Harvest Corporation Bhd, which operates restaurants, saw the emergence of Labuan-based European Credit Investment Bank Ltd as its new substantial shareholder.
Pavilion Real Estate Investment Trust 's net property income rose 8.2% YoY to RM129.8mn in 2QFY25, thanks to higher contributions from Pavilion Bukit Jalil and advertising revenue from Elite Pavilion Mall.
