Trading ideas: IOIPG, United Malacca, IJM, MN, Swift Energy, Kinergy, Zetrix, iCents, Infomina, LAC Med, Edelteq, Deleum, Tong Herr
A roundup of corporate announcements in Malaysia highlights several major contracts and acquisitions across the property, construction, and technology sectors. Notable deals include IJM Corporation's RM1.23bn semiconductor facility contract and various infrastructure projects for data centers.
Why it matters
These corporate movements reflect significant capital investment in Malaysia's industrial and technology infrastructure, particularly in the semiconductor and data center sectors.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
IOI Properties Group Bhd has jointly submitted an expression of interest with an investment entity managed by CapitaLand Investment Ltd to acquire One Raffles Place in Singapore on a 50:50 basis.
United Malacca Bhd has received a mandatory takeover offer from Prosper Trading Sdn Bhd at RM6.10/share, after the latter acquired a 13.44% stake from Great Eastern Life Assurance (Malaysia) Bhd for RM171.9mn.
IJM Corporation Bhd has secured a RM1.23bn contract from AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd to construct semiconductor manufacturing facilities at Kulim Hi-Tech Park, Kedah.
MN Holdings Bhd has secured a RM293.9mn contract to build two high-voltage power facilities for a data centre development in the central region of Peninsular Malaysia.
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