Trading ideas: GenM,IJM, CelcomDigi, Vantris, JPG, Sentral REIT, BM Greentech, ECM Libra, Ireka, SDS, Pantech, UMediC, LSH, SP Setia, Affin, Heineken

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

Genting Malaysia Bhd will undertake a RM2.2bn restructuring of its US unit, Empire Resorts Inc., after taking full control of the loss-making company.

IJM Corporation Bhd has secured a RM1.4bn contract to build a large-scale data centre in Johor Bahru.

CelcomDigi Bhd, Maxis Bhd and YTL Power International Bhd have each provided additional shareholder advances of RM116.7mn to Digital Nasional Bhd.

Vantris Energy Bhd, formerly known as Sapura Energy, has signed an agreement with a Ministry of Finance-owned company for a cash injection of up to RM1.1bn to settle payments to its Malaysian vendors.

Johor Plantations Group Bhd has issued its inaugural Sustainability Sukuk Wakalah–Islamic Medium-Term Notes, amounting to RM200.0mn in nominal value under its Series 2 Sukuk Wakalah–IMTN programme.

The manager of Sentral Real Estate Investment Trust has signed a conditional sale and purchase agreement to dispose of Wisma Sentral Inai in Kuala Lumpur to Turiya Properties Sdn Bhd, a subsidiary of Turiya Bhd for RM135.0mn in cash.

Biomass boiler manufacturer BM Greentech Bhd has secured a RM95.0mn contract to develop a 30.0-megawatt alternating current solar photovoltaic plant.

ECM Libra Group Bhd will dispose of two adjoining freehold land parcels in Penang to Wealthpro Holdings Sdn Bhd for RM51.9mn.

Ireka Corporation Bhd has entered into a JV agreement with Ukay Forest Development Sdn Bhd to collaborate on development and infrastructure projects in Malaysia.

SDS Group Bhd has via an indirect subsidiary, SDS Top Baker Sdn Bhd, has entered a deal with Mamee Bakery Sdn Bhd for the acquisition of seven parcels of land with factories in Plentong, Johor Bahru, as well as their entire production lines for RM28.0mn.

Pantech Global Bhd has entered into a sale and purchase agreement with Uptown Promenade Sdn Bhd to acquire a 2.0-hectare parcel of land in Klang, Selangor, for RM29.0mn.

UMediC Group Bhd has ventured into medical services, a healthcare segment it says is synergistic with its existing business.

Lim Seong Hai Capital Bhd confirmed that operations at the Kuala Lumpur Tower will continue without interruption, despite an appeal filed by its former operator against a High Court ruling last month.

S P Setia Bhd has appointed Datuk Zaini Yusoff as its president and chief executive officer, effective Oct 1, 2025.

Affin Bank Bhd’s net profit jumped 21.0% YoY to RM143.5mn in 2QFY25, from RM118.6mn a year earlier, thanks to stronger interest and non-interest income.

Heineken Malaysia Bhd’s net profit dropped 8.9% YoY to RM83.0mn in 2QFY25, from RM91.1mn a year ago, due to slower sales and higher costs.