Trading ideas: Sime Darby Property, Gamuda, Microlink, Tan Chong, Lianson Fleet, Ta Win, Bank Islam, Jasa Kita, Ho Hup, Jasa Kita, Eco-Shop, I-Bhd

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

Sime Darby Property Bhd has awarded a RM1.26bn contract to IJM Corp Bhd for the main building works of a hyperscale data centre at its Elmina Business Park in Selangor.

Gamuda Bhd’s property arm, Gamuda Land, has acquired a site at 14 Marshgate Lane in Stratford, London, for a purpose-built student accommodation project with an estimated gross development value of RM600mn.

Microlink Solutions Bhd has initiated legal proceedings against its former CEO Chia Yong Wei, seeking damages amounting to USD9.4mn (RM38.7mn) over alleged breaches of fiduciary duties and fraud.

Tan Chong Motor Holdings Bhd is suing Epicon Bhd and its former subsidiaries to recover RM26.2mn in overdue settlement payments.

Lianson Fleet Group Bhd has proposed a bonus issue of warrants on the basis of one free warrant for every 10 shares held in the offshore support vessel operator. Proceeds will be used to fund the group’s future working capital requirements.

Ta Win Holdings Bhd has proposed a RM190mn reduction of its issued share capital to clear its substantial accumulated losses of RM179.7mn at the group level and RM54.0mn at the company level.

Bank Islam Malaysia Bhd announced the resignation of its group chief executive officer Datuk Mohd Muazzam Mohamed, after seven years at the helm. His resignation will take effect on Dec 13.

Jasa Kita Bhd will see prominent businessman Tan Sri Robert Tan Hua Choon, together with his two children Han Chuan and Ching Ching step down from their executive roles at the power tools and industrial equipment maker, effective Oct 25.

Ho Hup Construction Co Bhd’s founding Low family has ceased to be a substantial shareholder in the company amid a boardroom tussle.

Eco-Shop Marketing Bhd’s net profit for the three months ended Aug 31, 2025 (1QFY26) rose 48% to RM58.8mn from RM39.6mn a year earlier, thanks to lower costs and sales growth.

I-Bhd posted an over 81% jump in net profit for the third quarter ended Sept 30, 2025 (3QFY25) to RM23.5mn, driven by stronger contributions from its property development and investment segments, efficient cost management, and a one-off fund recovery following project completion.