Trading ideas: MAHB, Axiata, Paramount, KNM, MYEG, Straits Energy, Mitrajaya, Ewein, SNS
KUALA LUMPUR: Here are the headlines coming out of Corporate Malaysia.

Malaysia Airports Holdings Bhd has received a takeover offer from a four-member consortium led by its major shareholder Khazanah Nasional Bhd, in a deal worth about RM12.3bn.

Axiata Group Bhd has signed a non-binding memorandum of understanding with conglomerate Sinar Mas to explore combining their Indonesian units.

Paramount Corporation Bhd has received the “Gold” assessment from MARC Ratings Bhd for its Sustainability-Linked Financing Framework.

KNM Group Bhd said its external auditor KPMG PLT had expressed a disclaimer of opinion on the group's audited financial statements for the 18-month period ended Dec 31, 2023, due to insufficient audit evidence.

MyEG Services Bhd said the Employees Provident Fund had ceased to be a substantial shareholder of the e-government services provider after disposing of 21.0mn shares.

Straits Energy Resources Bhd 's indirect subsidiary Straits CommNet Solutions Sdn Bhd has signed a memorandum of agreement with Digital One Solutions Ltd to explore a joint venture in the regional cloud computing industry.

Mitrajaya Holdings Bhd has accepted a letter of award from Avisena Healthcare Sdn Bhd for the development of a hospital block comprising 11 floors in Shah Alam, Selangor, for RM174.3mn.

Ewein Bhd is acquiring the entire equity interest of VS Solution Services Sdn Bhd for RM32.0mn.

SNS Network Technology Bhd has obtained approval from the Securities Commission for its transfer to the Main Market of Bursa Malaysia Securities Bhd.

Eupe Corporation Bhd is acquiring a parcel of freehold land measuring 2.46 acres in Kuala Lumpur from MCL Land (Pantai View) Sdn Bhd for RM69.2mn.

Willowglen MSC Bhd has secured a RM7.9mn contract from Singapore’s Housing & Development Board for the design, supply, installation and maintenance for lift monitoring services.

XOX Technology Bhd ’s chief executive officer Azril Aliuddin has stepped down from the group with immediate effect due to other work commitments.

Menang Corporation Bhd is exploring a collaboration with Alpro Alliance Sdn Bhd to develop a health and wellness park in Menang Park, Seremban 3, in Negeri Sembilan.

LFE Corporation Bhd has accepted two letters of awards from MLG Design and Construction Sdn Bhd to be a sub-contractor relating to completion works of a 22-storey building in Georgetown, Penang, totalling RM16.7mn.

Aeon Co (M) Bhd's net profit rose 50.3% YoY to RM57.4mn for 1QFY24, from RM38.2mn a year earlier, thanks to higher revenue and effective cost management.

Hume Cement Industries Bhd posted a 126.1% YoY jump in its net profit to RM61.1mn for 3QFY24 from RM27.0mn a year ago, thanks to lower manufacturing costs, and higher cement price and sales volume.

Apex Healthcare Bhd posted a 12.7% YoY decline in net profit for 1QFY24 to RM21.2mn, from RM24.3mn a year ago, due to an absence of profit contribution from its associate Straits Apex Group Sdn Bhd.

Southern Steel Bhd reported a net loss of RM6.4mn in 3QFY24, in contrast to its net profit of RM1.7mn a year earlier, due to lower average selling prices and sales volume.

Vstecs Bhd 's net profit fell 3.5% YoY to RM14.3mn for 1QFY24, from RM14.9mn a year earlier, mainly dragged by higher operating expenses.

Kobay Technology Bhd posted a 30.8% YoY decline in net profit for 3QFY24 to RM5.5mn, from RM7.9mn a year ago, dragged by lower contributions from property development after completing a project in Langkawi.
Corporate News,Trading ideas,MAHB,Axiata,Paramount,KNM,MYEG,Straits Energy,Mitrajaya,Ewein,SNS
KUALA LUMPUR: Here are the headlines coming out of Corporate Malaysia.