Trading ideas: Astro, Malakoff, PetGas, Catcha, Key Alliance, IWCity, Bioalpha, Taghill, UEM Edgenta, Chin Teck, CTOS

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

Astro Malaysia Holdings Bhd’s subsidiaries, Astro Shaw Sdn Bhd and Measat Broadcast Network Systems Sdn Bhd, have reached a settlement agreement with the Inland Revenue Board over additional tax assessments issued between 2019 and 2023 and the total amount payable to the IRB for both entities is RM115mn.

Malakoff Corporation Bhd has signed a solar power purchase agreement with Mardec Bhd to install rooftop solar photovoltaic systems at five of the latter's key facilities across Peninsular Malaysia.

Petronas Gas Bhd says it has resumed gas supply operations at the Puchong City Gate.

Catcha Digital Bhd is raising up to RM35.3mn through a renounceable rights issue and private placement to partially fund around RM111mn worth of acquisitions and strengthen its financial reserves.

Key Alliance Group Bhd's new chairman, Datuk Wira Farhash Wafa Salvador, has emerged as a substantial shareholder with a 5.5% stake in the company after acquiring 6.8mn shares in the open market.

Iskandar Waterfront City Bhd has requested another six months from tycoon Tan Sri Lim Kang Hoo to deliberate its potential merger with Iskandar Waterfront Holdings Sdn Bhd.

Bioalpha Holdings Bhd has proposed a RM110mn reduction of its issued share capital as part of a house keeping exercise of its balance sheet.

Taghill Holdings Bhd's subsidiary Taghill Projects Sdn Bhd has secured a RM494.7mn construction contract in Bandar Sri Damansara, Selangor.

UEM Edgenta Bhd has been awarded a contract worth RM735.2mn for the provision of hospital support services to several hospitals in Singapore.

Chin Teck Plantations Bhd said its 2QFY25 net profit fell 15.6% YoY to RM17.7mn, amid lower palm oil production and a foreign exchange loss.

CTOS Digital Bhd announced that its group chief executive officer Erick Hamburger will be stepping down in September, while it reported a 30.6% YoY decline to RM14.4mn in net profit for 1QFY25 due to higher depreciation and amortisation expenses.