Trading ideas: Capital A, Econpile, MN, Swift Energy, Nextgreen, SNS, Northeast, WTK, Pertama Digital, Hi Mobility, Lim Seong Hai

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

Capital A Bhd has received approval from Bursa Malaysia for its proposed regularisation plan, a crucial step towards lifting its Practice Note 17 status.

Econpile Holdings Bhd’s wholly-owned subsidiary, Econpile (M) Sdn Bhd, has secured a RM27.2mn contract for substructure works at Setia Federal Hill, Kuala Lumpur.

Bumi Armada Bhd said its joint-venture companies have secured two contracts worth a total of RM581.1mn from India’s state-owned Oil and Natural Gas Corporation Ltd.

MN Holdings has announced that its wholly-owned subsidiary MN Power Transmission Sdn Bhd has secured a RM58.2mn contract for a new transmission main intake 132/33 kilovolt Gas Insulated Substation at Chuping, Perlis, from Tenaga Nasional Bhd.

Swift Energy Technology Bhd has secured two purchase orders worth a combined RM24.4mn from Offshore Oil Engineering Co Ltd and Siemens Energy Sdn Bhd for energy infrastructure projects in Nigeria and Malaysia respectively.

Nextgreen Global Bhd’s wholly-owned subsidiary Ultimate Ivory Sdn Bhd has secured RM180mn in Islamic banking financing from AmBank Islamic Bhd.

UEM Edgenta Bhd has secured a three-year extension to its concession agreement with the government to provide hospital support services at contract hospitals in Perak, Penang, Kedah and Perlis.

SNS Network Technology Bhd’s wholly-owned subsidiary, SNS Network (M) Sdn Bhd, has secured a RM269.3mn contract from a Malaysian private company to supply server systems.

Precision component manufacturer Northeast Group Bhd is acquiring two leasehold properties in Seberang Perai Tengah, Penang for RM16.4mn, as part of its plan to accelerate production capacity expansion amid construction delays for its new factory.

WTK Holdings Bhd has proposed to dispose of its entire equity interest in Piramid Intan Sdn Bhd and Immense Fleet Sdn Bhd for RM40.3mn cash.

Pertama Digital Bhd on Friday said it has received a show-cause notice from Bursa Malaysia Securities over the company's failure to submit its regularisation plan by the approved deadline of Feb 9.

Johor-based bus company HI Mobility Bhd has launched its IPO that could raise up to RM115.9mn from the Main Market of Bursa Malaysia.

Lim Seong Hai Capital Bhd has obtained approval from Bursa Malaysia Securities Bhd for the company’s request for early trading suspension on the LEAP Market with effect from 2.30 pm last Friday until the completion of the transfer of listing to the ACE Market.