Trading ideas: Sunway, Hengyuan, Steel Hawk, Mudajaya, Velesto, Advancon, Eversendai, Kawan, Renergy

TheStar Fri, Oct 24, 2025 08:05am - 4 months View Original


KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Sunway Bhd has secured a term loan facility of up to SGD600mn to fund its acquisition of Hongkong Land (MCL) Holdings Ltd.

Hengyuan Refining Co Bhd has raised RM234.0mn in gross proceeds from its rights issue exercise, which was oversubscribed by 122.9%.

Steel Hawk Bhd has secured eight subcontracts worth RM61.0mn combined for a low-voltage power cable system.

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