KUALA LUMPUR (Dec 24): Here is a brief recap of some corporate announcements that made the news on Wednesday.

Apex Healthcare Bhd (KL:AHEALTH) said Pharmora Investment Holdings Pte Ltd has lifted its stake to 91.65% after its takeover bid turned unconditional on Dec 22. Pharmora, a vehicle of Quadria Capital Fund III and chairman-CEO Dr Kee Kirk Chin, secured 659.05 million shares plus 3.08 million more from the market, cementing the takeover exercise. — Pharmora lifts stake in Apex Healthcare to 91.65% in now unconditional takeover bid

Sapura Industrial Bhd (KL:SAPIND) is selling its 35,332-sq-m freehold land in Seremban for RM24.72 million cash, booking a RM6.7 million gain. Proceeds will fund working capital, capital spending and production line expansion within 24 months. The board said it was timely to divest the seven-year investment asset. — Sapura Industrial to sell freehold land in Seremban for RM24.72m cash

NuEnergy Holdings Bhd (KL:NHB) will sell its 50% stake in Integrated Mits Sdn Bhd to Mitsui-Soko International Pte Ltd for RM24.5 million, booking a RM10.16 million gain. The disposal, at a 27.9% premium to net asset value, aligns with NuEnergy’s strategy to divest non-core assets and fund renewable energy projects. Completion is expected in 1Q2026. — NuEnergy hives off 50% stake in warehousing unit, books RM10m gain

Packaging products manufacturer Jishan Bhd (KL:JISHAN) plans to transfer its listing from Bursa Malaysia’s LEAP Market to the ACE Market to broaden investor participation and fundraising. The move involves a voluntary withdrawal and a new listing, with a proposed public offering. Approvals are expected in 2Q2026, targeting completion by 4Q2026 following shareholder endorsement at an EGM in 1Q2026. — LEAP Market-listed Jishan proposes transfer to ACE Market in a year’s time

Borneo Oil Bhd (KL:BORNOIL) said its 13.45%-owned US associate, Verde Resources Inc, has filed with the US Securities and Exchange Commission for a Nasdaq public offering to raise between US$5 million and US$8 million. Currently listed on the OTCQB market, Verde plans to channel the proceeds into scaling renewable energy production and distribution, expanding into new international markets, and strengthening research and development for national security and defence-related applications. — Borneo Oil’s green-tech associate Verde Resources plans Nasdaq listing