Trading ideas: Public Bank, RHB, Gadang, JS Solar, Alpha IVF, PetGas, Lianson, Epicon, Censof, Mayu, Betamek, Eurospan, Meridien, Tanco

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

Public Bank has launched a RM10bn commercial paper programme to raise short-term funds over the next seven years, filed under the SC’s Lodge and Launch Framework via Public Investment Bank.

RHB Bank introduced combined RM5bn commercial paper and sukuk murabahah programmes in both ringgit and foreign currencies, also lodged under the SC’s Lodge and Launch Framework, to meet general banking, working capital and refinancing needs.

Gadang and JS Solar secured a RM52mn EPCC contract for a 15MWac solar plant in Tawau, Sabah, awarded by Gadang’s indirect unit Tenaga Aspirasi.

Alpha IVF Group, via its unit PT Alpha IVF Dan SPOG Bali, has signed a land lease agreement with PT Hotel Indonesia Natour to establish a full-fledged IVF centre in the Sanur Special Economic Zone, Bali.

Petronas Gas has secured final tax exemption clearance from the Ministry of Finance for restructuring of its business by separating regulated and non-regulated segments into wholly owned subsidiaries to enhance transparency and capital flexibility.

Lianson Fleet Group, via its unit Icon Biru 1 (L) Inc, is disposing of a Malaysian-flagged DP-2 accommodation workboat to MAG Offshore Investments LLC for RM92.6mn.

Epicon received a RM26.2mn demand from Tan Chong Industrial Equipment over bus lease and maintenance debts under a 2016 settlement agreement covering 151 contracts.

Censof Holdings’ unit Century Software (Malaysia) Sdn Bhd, has secured a RM2.8mn contract from the Malaysian Rubber Board for the subscription of its financial management and accounting system.

Mayu Global said it has yet to receive details from MACC regarding its probe into Sunrise Manner, its 80%-owned subsidiary, whose director was summoned and bank accounts frozen.

Betamek Bhd has signed an MoU with Jiangsu Yibang New Energy Technology Co Ltd to explore collaboration in producing electric vehicle communication converters and supply equipment communication controllers in Malaysia.

Eurospan’s takeover offer by new controlling shareholder Samuel Ng closed with acceptances lifting his stake to 84.1%, after acquiring a 74.1% block from chairman Tan Han Chuan and his sister.

Meridian Bhd faces a potential trading suspension from Oct 8, 2025, if it fails to submit its annual report for FY25 by Oct 7.

Tanco has formed a 51:49 JV with China Civil Engineering Construction Corp to explore EPC works and financing for Malaysian transport infrastructure projects.