Trading ideas: Sime Darby, Paramount, EcoWorld, HeiTech Padu, Fiamma, Nationgate, SP Setia, MSC, Pecca, Genting, XOX

KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.

Sime Darby Property Bhd plans to launch RM3.9bn worth of properties in FY25, while building strong recurring income from its data centre projects.

Paramount Corp Bhd is targeting RM400mn worth of land replenishment deals this year to pave the way for new launches in the next 5 years.

Eco World Development Group Bhd said that it is selling a plot of industrial land in Eco Business Park II in Senai for RM119mn to a Chinese firm setting up a plant in Malaysia.

HeiTech Padu Bhd has reaffirmed its commitment to successfully execute the Hydro Life Extension Programme of Sungai Perak.

Fiamma Holdings Bhd said its partnership with Zhuhai Samyou Environmental Technology Co Ltd announced last September will proceed, with the Chinese company managing the air conditioning manufacturing operations under its own entity and resources.

Nationgate Holdings Bhd today denied any involvement in an ongoing fraud case in Singapore related to the alleged movement of Nvidia chips.

S P Setia Bhd is partnering Penang’s state development agency to develop a 350-acre mixed-use project and industrial park in Bandar Setia Fontaines, Bertam.

Malaysia Smelting Corp Bhd has proposed a bonus share issuance on a one-for-one basis to reward shareholders and improve the trading liquidity of its shares.

Pecca Group Bhd is exploring a potential joint venture with Zhejiang Tenchen Controls Co Ltd, a Shanghai Stock Exchange-listed seat supplier for the innovation, development and production of seats and accessories for the automotive sector.

Genting Bhd’s CEO, Tan Sri Lim Kok Thay, passes the baton to Datuk Seri Tan Kong Han but continues to serve as the executive chairman.

XOX Bhd has named Datuk Kenneth Vun as its new managing director, ushering in a phase of growth and innovation for the company.