Eco World Development, PTT Synergy, Chin Hin Group Property, Berjaya Corp, AGX Group, Solarvest, Capital A, AAX, Mestron, Rohas, THMY, Jentayu Sustainables
KUALA LUMPUR (Oct 17): Here is a brief recap of some corporate announcements that made the news on Friday:
Eco World Development Group Bhd (KL:ECOWLD) is acquiring 22.73 acres of freehold commercial land in Semenyih for RM82.19 million to expand its Eco Radiance township. The land will be purchased via its 81%-owned subsidiary, Mutiara Balau Sdn Bhd, from Boustead Balau Sdn Bhd — a wholly-owned unit of Boustead Properties Bhd, which also holds a 19% stake in Mutiara Balau. The acquisition will be funded through a mix of internal funds and bank borrowings. — EcoWorld buys Semenyih land for RM82m to expand upcoming township
PTT Synergy Group Bhd (KL:PTT) has secured three contracts worth RM106.1 million from Darby Property (Lagong) Sdn Bhd and Prolintas Expressway Sdn Bhd. Its unit, Pembinaan Tetap Teguh, will undertake infrastructure works at Elmina Business Park and build the Strathairlie Interchange along the Guthrie Corridor Expressway. All three projects are scheduled to commence in October 2025 and complete by early 2027. — PTT Synergy bags three infra works contracts worth RM106 mil
Chin Hin Group Property Bhd (KL:CHGP) is acquiring a land parcel in Segambut for RM31.74 million, following the collapse of a previous deal with YNH Property Bhd (KL:YNH). The group plans to develop 585 serviced apartments on the site, with an estimated GDV of RM239.1 million. Construction is slated to begin in 2027 and complete by 2031. — Chin Hin Group Property acquires Segambut land for RM31.74 mil after YNH deal collapse
Berjaya Corp Bhd (KL:BJCORP) has proposed a bonus issue of 33 free warrants for every 100 shares held. If fully exercised over five years, the warrants could raise up to RM704.27 million. The final exercise price will be determined later, subject to shareholder approval at an upcoming extraordinary general meeting. — BJCorp to raise fresh capital via bonus warrants
AGX Group Bhd’s (KL:AGX) Vietnam unit has secured two logistics service agreements with Sun PhuQuoc Airways, marking its entry into Vietnam’s aviation logistics sector. The deals cover cargo forwarding, transportation and customs brokerage, including aircraft-on-ground support. Contract value will depend on shipment volume, with charges billed per shipment. — AGX Group’s Vietnam arm secures aviation-linked service jobs from Sun PhuQuoc Airways
Solarvest Holdings Bhd (KL:SLVEST) said its 33%-owned associate, SM01 Sdn Bhd, has received approval from Tenaga Nasional to operate a 29.99MWac solar photovoltaic facility under the Corporate Green Power Programme. The energy will be sold virtually to Pearl Computing Malaysia. SM01 is jointly-owned by Shizen Malaysia (49%), Solarvest Asset Management (33%) and HSS Engineering (18%), a unit of HSS Engineers Bhd (KL:HSSEB). — Solarvest associate's 30MW solar farm under CGPP comes online
Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) have agreed to waive the need for an exemption from the Thai Securities and Exchange Commission (Takeover Panel), paving the way for the completion of a massive corporate exercise that will see all AirAsia-branded airlines consolidated under AAX. — Capital A, AAX waive key Thai regulatory condition for airline consolidation
Mestron Holdings Bhd (KL:MESTRON) has signed an MOU with China-based Trina Solar Co Ltd to explore a renewable energy collaboration in Malaysia. The partnership aims to install and distribute 50MW of photovoltaic modules in the Malaysian market in 2026, leveraging Trina Solar’s technology. — Mestron partners China’s Trina Solar for PV rollout in Malaysia
Rohas Tecnic Bhd (KL:ROHAS) said the MACC has issued freezing and seizure orders on the group and its subsidiaries over a 2015 contract involving its 86.8%-owned unit, HG Power Transmission Sdn Bhd (HGPT), acquired in 2017. The orders affect certain bank accounts, but the group stressed the investigation is isolated and unrelated to its other operations. — MACC freezes certain Rohas Tecnic bank accounts over unit's pre-acquisition contract
THMY Holdings Bhd (KL:THMY), set to debut on the ACE Market on Oct 23, reported a first-quarter net profit of RM3 million on revenue of RM14.2 million for 1QFY2026. Most revenue came from in-circuit test solutions (RM11.4 million), with functional circuit test solutions contributing RM1.1 million, according to its filing. — Automated test solutions firm THMY posts RM3m profit for 1Q ahead of ACE Market debut
Jentayu Sustainables Bhd (KL:JSB) has postponed its extraordinary general meeting to Dec 4 from Oct 22 due to scheduling conflicts among board members. The meeting will now be held at noon at Menara Felda, Kuala Lumpur. — Jentayu Sustainables reschedules EGM from Oct 22 to Dec 4
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