Trading ideas: Maybank, 99 Speed Mart, Alliance, Itmax, OSK, Kelington, Southern Score, Oppstar, Northern Solar, Lebtech, APB, Kawan Renergy

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

Malayan Banking Bhd has become a 17.9% shareholder of offshore support vessel player Alam Maritim Resources Bhd following the execution of the latter’s regularisation plan.

 

99 Speed Mart Retail Holdings Bhd has confirmed the opening of its first store in China, located in Fuzhou, Fujian Province, on 31 August 2025.

 

DBS Group Holdings Ltd’s plan to buy a stake in Alliance Bank Malaysia Bhd has stalled, as Singapore’s biggest bank has yet to get regulatory approval to commence talks, Bloomberg reported, citing people with knowledge of the matter.

 

ITMAX System Bhd secured its third concession under the Selangor Intelligent Parking initiative, this time involving the Selayang Municipal Council.

 

OSK Holdings Bhd has entered the Rawang market with a RM58.0mn acquisition of 3 freehold land parcels spanning 5.9 hectares.

 

Kelington Group Bhd has signed 6 framework agreements for its upcoming semiconductor hook-up project in Dresden, Germany, with a potential contract value of up to €50.0mn (RM247.0mn).

 

Southern Score Builders Bhd’s 51.0%-owned subsidiary has secured a RM102.7mn job from “Customer A” to act as a subcontractor for the supply, delivery, installation, testing and commissioning, maintenance and warranty of electrical works.

 

Oppstar Bhd has teamed up with Taiwan-listed Inventec Corp to jointly develop a next-generation artificial intelligence processing chip.

 

Northern Solar Holdings Bhd has entered into a RM20.5mn engineering, procurement, construction and commissioning contract with FDIGS Makmur Sdn Bhd to develop a 5 MW ground-mounted self-consumption solar photovoltaics system.

 

Lebtech Bhd has accepted a letter of award from Lebar Daun Development Sdn Bhd to be the main contractor for the construction of residential units at Shah Alam, Selangor, worth RM46.4mn.

 

APB Resources Bhd has seen the emergence of Strategic A Holdings Sdn Bhd as its largest shareholder, following a management-led buyout at its wholly owned subsidiary, Amalgamated Metal Corporation (M) Sdn Bhd.

 

Kawan Renergy Bhd has appointed Datuk Mohd Yusof Mohd Isa as its independent non-executive chairman, effective 1 September 2025.