28-07-2025
Trading ideas: TNB, Ekovest, Sapura Energy, Globetronics, Jentayu, Rhone Ma, Ecobuilt, Salcon, ETA, Polymer, CTOS
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Tenaga Nasional Bhd has been slapped with another tax bill amounting to RM840.1mn for the Year of Assessment 2022.
Ekovest Bhd and its major shareholder Tan Sri Lim Kang Hoo have mutually agreed to an extension to 29 August 2025 to finalise the proposed RM1.2bn acquisition of Credence Resources Sdn Bhd.
Sapura Energy Bhd has secured contracts worth more than RM500.0m to carry out offshore installation and subsea maintenance works in Thailand.
Globetronics Technology Bhd defended its RM45.1mn acquisition in Mpire Global Bhd , saying the move aligns with its long-term transformation strategy and provides business synergistic to its existing business.
Jentayu Sustainables Bhd said a 162-megawatt run-of-river hydroelectric project at Hulu Sungai Padas, Sipitang, Sabah remains on schedule despite the withdrawal of its partner from the project.
Rhone Ma Holdings Bhd has accepted a RM15.6mn contract from Jemaluang Dairy Valley Sdn Bhd to supply, fabricate, install and commission a milk processing line in Mersing, Johor.
Ecobuilt Holdings Bhd has secured a RM34.7mn contract from Messrs C Wei Architect, to undertake the main building works for a high-rise serviced apartment project in Shah Alam, Selangor.
Salcon Bhd 's executive deputy chairman Tan Sri Tee Tiam Lee has emerged as a new substantial shareholder in Eduspec Holdings Bhd after acquiring a 7.9% stake via a private placement.
ETA Industries Sdn Bhd's stake in Rex Industry Bhd rose to 55.0% on 25 July 2025 at the close of its mandatory takeover offer for the remaining shares in the group.
Polymer Link Holdings Bhd, a plastic powder supplier, announced on Friday that it has received approval-in-principle from Bursa Malaysia for its ACE Market listing.
CTOS Digital Bhd 's 2QFY25 net profit was down 17.0% YoY to RM21.2mn, weighed down by higher depreciation and amortisation and operational costs.
