Here's what we have for the week

 *Rahman Hydraulic Tin (Subsidiary of Malaysia Smelting Corp) and the acquired mine

Significant Event

• IOI Pelita Plantation, which is a JV jointly owned by IOI Corp and Sarawak State Land Custody,  has signed a settlement agreement with eight local communities, ending a decades-long land dispute, whereby it will relinquish or excise 4,615 hectares of land from its provisional lease.
• Malaysia Smelting Corp is acquiring a 568.4 hectare of mining land located adjacent to its current mining land in Perak.

Real Estate Industry 

• OCB Berhad, the parent company of Ibumie Food is venturing into industrial property development by partnering with WorldKlang Group Property Development Sdn Bhd to undertake a property development in Klang, with a gross development value of RM247.6 million.
• Watch Retailer, The Hour Glass is acquiring a retail property located at Brisbane, Australia.
• Singtel is partnering with Lendlease to redevelop its Comcentre headquarters.

Infrastructure/Logistics

• CJ Century Logistics is investing up to RM 350 million to expand its warehouse capacity.

Cash Call/ Debt restructuring/Restructuring/Proposed Listing

• LYC Healthcare Bhd is looking a potential spin-off listing of its dental and aesthetic division within the next three years.

Privatization

• Fraser & Neave Holdings Bhd (F&N) is privatising Cocoaland for RM 1.50 per share.

Company Expansion Plan/ Capex Plan

• Glove maker, Rubberex Corp is acquiring test kit manufacturer Reszon Diagnostics International Sdn Bhd for up to RM180 million.

Users can filter the companies' activities via industry or nature of activities via using our tool for Malaysia companies and Singapore companies via the link.
Users can get access to all the major transactions of offices, lands, and factories in Malaysia via this tool.

Daily Insights

• Tracking the contracts awarded to Malaysia Construction Industry (Read Full Story) 
• Fears are starting to grow in the banking industry? (Read Full Story) 
• The average holding cost of Bitcoin for institutional players. (Read Full Story) 
• Audit Giant, EY is proposing a split (Read Full Story)
• Companies that delivered outstanding quarter results in May 2022. (Read Full Story)

* How Park Easy Works

News we are reading

• Shell Malaysia Trading Sdn Bhd is acquiring a 50% stake in Pixelbyte Sdn Bhd, which operates the ParkEasy car park and electric vehicle (EV) charging slot reservation app.
• Japan’s parliament passed a bill on 4 June 2022 that clarified the legal status of stablecoins, defining them essentially as digital money, making Japan one of the first major economies to introduce a legal framework around stablecoins. (Asia Nikkei)