Latest news with #RM2.3bn


The Star
3 days ago
- Business
- The Star
Trading ideas: PTT, Azam Jaya, Harvest Miracle, AmFIRST REIT, Citaglobal, Pharmaniaga, Saliran, Pentamaster, Magma
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. PTT Synergy Group Bhd has allocated RM2.3bn in capital expenditure over the next two years for its automated warehouse business, which will cover the development of four new automated warehouses. Azam Jaya Bhd's unit Pembinaan Azam Jaya Sdn Bhd has bagged a RM120.9mn contract from the Transport Ministry for upgrading works at Tawau Airport in Sabah. Harvest Miracle Capital Bhd is formally diversifying into construction materials trading after successfully dipping its toes into the segment. AmFIRST Real Estate Investment Trust has appointed Mana Mana Holdings Sdn Bhd, a subsidiary of Exsim Hospitality Bhd, as the project manager of the refurbishment and rebranding of the Summit Hotel Subang USJ in Selangor. The Sultan of Pahang, Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, has increased his stake in Citaglobal Bhd to 13.3% following the off-market acquisition of 15mn shares. Pharmaniaga Bhd has completed its regularisation plan, with the completion of RM520mn capital reduction that trimmed the pharmaceutical group's issued share capital to RM249.6mn, as well as wipe out its accumulated losses. Saliran Group Bhd inked a MoU with China-based Maoming Port Group Co Ltd and Malaysia's PCA Group Sdn Bhd to establish a framework for cooperation in the oil and gas sector. Pentamaster Corp Bhd 's net profit for 2QFY25 declined 41.7% YoY to RM11.6mn from RM19.9mn previously, dragged down by lower contribution from its factory automation segment and unfavourable foreign exchange losses. Magma Group Bhd former executive chairman Datuk Seri Ismail @ Farouk Abdullah has ceased to be a substantial shareholder in the hotel management and property development company, following a 0.24% stake trim to 4.9%.


The Star
18-07-2025
- Business
- The Star
Trading ideas: CBH, Sunway, Mudajaya, NexG, NationGate, iCents, Zetrix, Saliran, Berjaya, SunCon
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. CBH Engineering Holding Bhd has secured a contract worth RM172mn from an undisclosed client to build a substation's electrical supply system at a proposed data centre in Selangor. Sunway Bhd and its Singapore-based JV partner, Sing Holdings Residential Pte Ltd, have secured a residential development project worth RM2.3bn in Chuan Grove, Singapore. Mudajaya Group Bhd said its Indian unit RKM Powergen has been cleared by the High Court of Madras in a case linked to the alleged fraudulent acquisition of the Fatehpur East Coal Block in Chhattisgarh, allocated in 2008. NexG Bhd has secured a six-month contract extension from the Home Affairs Ministry to continue supplying passport chips to the Immigration Department. Nationgate Holdings Bhd said the recent raid by the Malaysian Anti-Corruption Commission on its wholly-owned subsidiary is not expected to have a significant impact on the group's financial performance or operations — for the time being. iCents Group Holdings Bhd is optimistic about achieving double-digit revenue growth in the near term, driven by strong demand for its services and contributions from its manufacturing segment. Kumpulan Wang Persaraan Diperbadankan has ceased to be a substantial shareholder in Zetrix AI Bhd after disposing of nearly eight million shares in the company earlier this week. Saliran Group Bhd has appointed Yong Wai Kin, the company's chief financial officer, as executive director of the company. Tan Sri Lim Kuang Sia, founder and group managing director of Kossan Rubber Industries Bhd , and his brother Lim Kuang Wang are no longer substantial shareholders of Berjaya Corp Bhd. The Employees Provident Fund has ceased to be a substantial shareholder in Sunway Construction Group Bhd .