Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2024-11-11
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
Date | Company | Major Action | Recent Events |
---|---|---|---|
11 Nov, 2024 | Destini Bhd | Secured a contract worth RM33.05 million with the Ministry of Defence (Mindef) for comprehensive maintenance services for airborne safety and survival equipment. | Contract Awarded |
11 Nov, 2024 | Kerjaya Prospek Group Bhd | Entered into a joint venture (JV) with Aspen Vision Development Sdn Bhd to undertake a mixed development on a 36-acre plot of land in Seberang Perai Tengah, Penang. Kerjaya Prospek's wholly owned subsidiary Futuprop Sdn Bhd, and Aspen Vision, will form a 55:45 special purpose vehicle (SPV) named Rivanis Ventures Sdn Bhd to undertake the development. | Operation Updates |
8 Nov, 2024 | JF Technology Bhd | Acquiring Transcend Technologies (S) Pte Ltd and Transcend Tech Asia Pacific Pte Ltd (TTAP) for S$6 million (RM19.91 million). Acquiring 80% stake in front-end wafer testing Q3 Probe Pte Ltd from Spire Manufacturing Inc, which is incorporated in the US but based in Singapore, for US$1.36 million (RM5.96 million). | Merger & Acquisition |
8 Nov, 2024 | Ramssol Group Bhd | 51%-owned subsidiary in Thailand has secured a contract worth 275 million baht (RM35.61 million) to undertake an artificial intelligence (AI) healthcare solutions project for a hospital. GeekStart Company Ltd is appointed by Multi Distribution Services Company Ltd as the hospital's service partner in the deployment of the AI-integrated healthcare system for outpatient and emergency services at an existing seven-storey building in a southern province of Thailand. | Contract Awarded |
8 Nov, 2024 | Cagamas Bhd | Raised RM2.2 billion from five debt issuances. | Cash Call |
8 Nov, 2024 | Steel Hawk Bhd | Secured a subcontract from Petra Energy Bhd to provide offshore living quarters maintenance and repair services for EPOMS offshore facilities in Sarawak. | Contract Awarded |
8 Nov, 2024 | Milux Corp Bhd | Received an unconditional mandatory takeover offer from ABS Capital Sdn Bhd to acquire all the remaining shares it does not own, at 43.2 sen per share. The takeover offer was triggered after ABS entered into eight share purchase agreements to acquire a 63.88% stake in Milux from executive vice chairman Datuk Wira Ling Kah Chok and seven other shareholders, at 43.2 sen per share, totalling RM64.9 million. ABS is 55% owned by a company linked to Exsim Group’s Lim brothers — Aik Hoe and Aik Kiat. The remaining 45% stake is held by Mak Wai Hoong. | Privatisation |
8 Nov, 2024 | Jakel | The Kuala Lumpur City Hall (DBKL) has ordered the contractor of the J Satine condominium project in Wangsa Maju to cease all construction activities following an explosion at the site and cracks found in the shear walls, columns, and floors of units on the 8th floor and above. | Termination |
7 Nov, 2024 | Eco World Development Group Bhd | EcoWorld and Boustead Properties inked a shareholders agreement to regulate their relationship as shareholders of Mutiara Balau, which grants Boustead Properties a put option to require EcoWorld to purchase Boustead Properties' 19% stake in Mutiara Balau for RM147.62 million, exercisable for one year and three months after the completion of the land acquisitions. | Others |
7 Nov, 2024 | Southern Steel Bhd | Settled its legal dispute over the construction of a hot-rolled coils plant with Italian plant builder Danieli & C Officine Meccaniche SpA. Danieli agreed to pay Southern Steel’s wholly owned Southern HRC Sdn Bhd (SHRC) €42.48 million (RM187.08 million), which comprises €35.48 million for the plant and €7 million for related spare parts and equipment. In return, SHRC will transfer ownership of the plant to Danieli. | Others |
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