Trading ideas: Genting, GenM, Rohas, HeiTech, Omesti, Malakoff, Niche, ES, Sasbadi, Cloudpoint, Paragon, Synergy

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

Genting Bhd has launched a conditional voluntary takeover offer to privatise Genting Malaysia Bhd by acquiring the remaining 50.64% stake it does not own for RM2.35 per share, valuing the deal at RM6.74bn.

Rohas Tecnic Bhd, through its 86.8%-owned unit, HG Power Transmission Sdn Bhd, has secured a RM28.67mn contract from Tenaga Nasional Bhd for 275KV bulk supply works at a data centre in Iskandar Puteri, Johor.

HeiTech Padu Bhd’s contract for the National Integrated Immigration System project has been revised upward to RM1.05bn from RM892.19mn.

Omesti Bhd, via its 49%-owned subsidiary, Formis Network Services Sdn Bhd, has secured a RM30.31mn contract from the Ministry of Home Affairs.

Malakoff Corporation Bhd has signed a reservation agreement with Mitsubishi Power Ltd to secure two M701JAC gas turbines and generators for a planned 1,400MW gas-fired power plant in southern Peninsular Malaysia.

Niche Capital Emas Holdings Bhd, through its joint venture partner, Enrich Mining Sdn Bhd, has received a proprietary mining licence from the Kelantan state government to operate a 97.12-hectare site in Lubok Bongor, Jeli, from Aug 4, 2025, to Aug 3, 2028.

ES Sunlogy Bhd, via its subsidiary, Savelite Engineering Sdn Bhd, has agreed to settle a RM1.11mn judgment debt owed to Askey Media Technology Sdn Bhd through eight monthly instalments with 5% annual interest.

Sasbadi Holdings Bhd, through its wholly owned subsidiary Sasbadi Sdn Bhd, has secured a one-year contract worth RM500,000 from the Ministry of Education to provide English language proficiency testing services.

Cloudpoint Technology Bhd has successfully transferred to Bursa Malaysia’s Main Market and is expanding into artificial intelligence, digital transformation, and cybersecurity.

Paragon Globe Bhd is acquiring three parcels of land in Simpang Renggam, Johor, for RM11.48mn from related parties Datuk Sri Edwin Tan Pei Seng and Datuk Seri Godwin Tan Pei Poh to develop affordable housing.

Synergy House Bhd, through its subsidiary, Synergy House Furniture Sdn Bhd, has been sued by Leyo Holdings Sdn Bhd for alleged patent and industrial design infringement related to a furniture assembly line, with total claims amounting to RM2.87mn.