Trading ideas: Gamuda, IOI Prop, Axis REIT, Pentamaster, DXN, E&O, Swift Haulage, Citaglobal, WTK, Hengyuan, SLP, Ireka, Ranhill Utilities, Farm Fresh

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

Gamuda Bhd is partnering with Taylor's Education Group to redevelop a prime commercial site in SS15, Subang Jaya that has an estimated gross development value of RM500.0mn.

 

IOI Properties Group Bhd has completed its seventh issuance of sukuk murabahah amounting to RM1.0bn in nominal value under its existing multi-currency Islamic medium-term note programme of up to RM3.0bn.

 

Axis Real Estate Investment Trust is proposing to acquire a plot of leasehold industrial land measuring 9 acres in Bandar Sultan Suleiman, Selangor from Barry Callebaut Malaysia Sdn Bhd for RM50.0mn.

 

Pentamaster Corporation Bhd has invested US$3.0mn (RM12.7mn) for a 14.3% stake in Ahead Optoelectronics (Malaysia) Sdn Bhd to expand into opto-electronics and silicon photonics.

 

DXN Holdings Bhd is buying an apartment in Dubai's iconic Burj Khalifa for 6.4mn dhirhams (RM7.4mn) in cash from the group's executive chairman and major shareholder Datuk Lim Siow Jin.

 

Eastern & Oriental Bhd has secured RM780.0mn in financing facilities from AmBank Group to fund the ongoing development of Phase 2 of Andaman Island.

 

Swift Haulage Bhd’s subsidiary Swift Cold Chain Sdn Bhd has teamed up with China’s Moon Environment Technology Co Ltd to build a cold storage facility at the upcoming Shah Alam International Logistics Hub.

 

Citaglobal Bhd in consortium with Abu Dhabi Future Energy Company PJSC and Tiza Global Sdn Bhd has been shortlisted as a bidder for the development of large-scale solar photovoltaic plant of a 200MW in Chereh Dam, Kuantan.

 

WTK Holdings Bhd has proposed an all-cash deal to acquire plantation and palm oil mill businesses for a total of RM555.0mn from its major shareholder.

 

Hengyuan Refining Company Bhd’s major shareholder, Malaysia Hengyuan International Ltd, has undertaken to subscribe for its full entitlement under the group's rights issue.

 

SLP Resources Bhd is targeting to increase its exports to Japan, Australia and New Zealand by a tenth in the 2HCY25, as demand in the domestic market continues to be sluggish.

 

Ireka Corporation Bhd’s subsidiary has been hit with a RM1.0mn lawsuit tied to a more than decade-old settlement arrangement involving the KaMi Mont Kiara apartment project in Kuala Lumpur.

 

Ranhill Utilities Bhd has redesignated non-independent director Datuk Faiz Ishak as its chairman, filling the post that has been left vacant for a year since the resignation of founder Tan Sri Hamdan Mohamad in August 2024.

 

Khazanah Nasional Bhd has ceased to be a substantial shareholder of Farm Fresh Bhd, when the former’s full subsidiary Agrifood Resources Holdings Sdn Bhd offloaded 65.0mn of Farm Fresh’s shares on 4 September 2025.