Trading ideas: Perak Transit, Eco-Shop, Sapura Energy, Yoong Onn, Muhibaah, HeiTech Padu, Dnex, Pentamaster, CJ Century, 3REN, ES, ManagePay, Wesrports, Sentral REIT

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

Perak Transit Bhd has signed a memorandum of understanding with the Kangar Municipal Council, which has agreed to appoint the group to manage Terminal Perlis Sentral for 15 years, at an undisclosed contract value.

Bursa Malaysia's main market-bound Eco-Shop Marketing Bhd has lowered its initial public offering price to RM1.13/share, down from the earlier set price of RM1.21.

Sapura Energy Bhd has assured its clients, partners and stakeholders that its operations and financial activities, including access to the group's bank accounts, remained unaffected and continue as normal.

Yoong Onn Corporation Bhd has reported that a fire broke out on May 9 at the factory and warehouse of its 60%-owned subsidiary, T.C. Homeplus Pte Ltd, in Singapore.

Muhibbah Engineering (M) Bhd has received an arbitration notice from a former subcontractor over a project that was mutually terminated nearly five years ago. Haumea Offshore is claiming RM43.4mn from the group.

HeiTech Padu Bhd has proposed a one-for-four bonus share issuance to reward shareholders, followed by a private placement of new shares to raise up to RM43.7mn to finance the development of the National Integrated Immigration System project.

Dagang NeXchange Bhd has proposed to undertake a bonus issue of up to 1.2bn warrants, on the basis of one warrant for every three shares held by shareholders.

Pentamaster Corporation Bhd has appointed Hon Tuck Weng as its chief executive officer, effective May 9, 2025.

Refined sugar producer MSM Malaysia Holdings Bhd plans to restart domestic sugar cane plantations to reduce its complete dependence on imported raw sugar.

CJ Century Logistics Holdings Bhd will continue to focus on volume expansion, complemented by improved efficiency and cost-pricing management, according to its Chief Executive Officer, Steven Teow.

3REN Bhd has secured a RM7.1mn contract to supply a set of intelligent automated material management systems integrated with vision inspection and robotics for a semiconductor manufacturer.

ES Ceramics Technology Bhd's Group CEO, Wong Fook Lin, 59, has relinquished his role and been reappointed as Executive Director of the company.

E-payment solutions provider ManagePay Systems Bhd announced that its subsidiary has been authorised to facilitate wage payments for foreign employees.

Westports Holdings Bhd’s net profit for 1QFY25 increased 9.0% YoY to RM225.5mn from RM204.5mn a year ago, due to an increase in containers handled.

Sentral Real Estate Investment Trust’s net profit for 1QFY25 fell 1.5% YoY to RM19.6mn from RM19.9mn a year ago, due to lower revenue.