Trading ideas: Gamuda, MRCB, Lianson Fleet, OCK, Critical, Jati Tinggi, Inta Bina, Unique Fire, Affin

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

Gamuda Bhd and Samsung C&T Corporation have been selected by the Australian government as the preferred contractor for the last major contract in Stage 1 of the Marinus Link.

Malaysian Resources Corporation Bhd is acquiring the Employees Provident Fund’s 80.0% stake in Bukit Jalil Sentral Property Sdn Bhd for RM1.6bn in cash.

Lianson Fleet Group Bhd is disposing its offshore support vessel Icon Samudera for US$6.7mn (RM28.1mn) to Vietnam-based Asia Investment and Asset Management Joint Stock company.

Econpile Holdings Bhd has secured a RM54.0mn subcontract from Gamuda Bhd in relation to the LRT Mutiara Line project in Penang.

OCK Group Bhd plans to list its power solutions subsidiary EI Power Bhd on the ACE Market of Bursa Malaysia.

Critical Holdings Bhd has secured regulatory approval for transfer to the Main Market less than 2 years after its listing on the ACE Market.

Jati Tinggi Group Bhd has secured a subcontract from Worktime Engineering Sdn Bhd to lay 11kV underground cables for the “North and Selangor Zone” worth RM42.9mn.

Inta Bina Group Bhd has bagged an award from Eco Majestic Development Sdn Bhd for main building works at Hulu Langat, Selangor worth RM66.5mn.

Unique Fire Holdings Bhd has formed a joint venture with Singapore-based wholesale trader Z10 Pte Ltd and Malaysian electrical components firm E&E Electrical Solutions Sdn Bhd for the sale of emergency lights and signage.

Affin Bank Bhd has appointed Hanif Ghulam Mohammed as the new chief executive officer of its investment banking arm, Affin Hwang Investment Bank Bhd, with immediate effect.

Tham Kin-On, the group chief executive officer of Greenyield Bhd, is facing a bid to remove him by a group of seven shareholders, three of whom are his own uncles.

Enra Group Bhd has secured a contract from Petronas Carigali Sdn Bhd to undertake engineering and construction works at the Terengganu Crude Oil Terminal.

Reservoir Link Energy Bhd has received a RM60.2mn contract from Sage Promaster Sdn Bhd for the construction of a waste recovery facility.

Sapura Industrial Bhd's unit, SIB Mili Sdn Bhd, has teamed up with Sarawak Skills Development Centre to advance the electric vehicle and hybrid sector in the state.

Pimpinan Ehsan Bhd’s renewable energy arm, reNIKOLA Holdings Sdn Bhd, has been shortlisted to develop 2 large-scale solar projects in Kemaman, Terengganu under the government’s LSS5+ programme, with a combined capacity of 400 MWac (618 MWp).

Verdant Solar Holdings Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for its proposed initial public offering on the ACE Market of Bursa Malaysia, expected by October 2025.