Trading ideas: CIMB, YTK Power, Supermax, Rexit, Bina Puri, SCIB, Enproserve, Parkson, L&P, Mega Fortris, Digistar, NexG, Careplus, Nova MSC, Country Heights, Unisem, Frontken

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

CIMB Group Holdings Bhd has issued its first-ever renminbi-denominated bonds in China. The three-year "panda bond" raised 3bn yuan (RM1.8bn) and was priced to carry a fixed coupon rate of 2.18%.

Malaysia’s first Nvidia powered AI data centre in Johor, developed by YTL Power International Bhd in partnership with Nvidia Corporation, is now operational.

Supermax Corporation Bhd said its executive director, Shelley Wong Phait Lee, will step down from the board effective Dec 9, after serving for over a year.

Rexit Bhd has entered into a sale and purchase agreement with Auxano Capital Sdn Bhd to dispose of a three-storey shoplot, including its fixtures and fittings, for RM7.8mn in cash.

Bina Puri Holdings Bhd has proposed a “conceptual” scheme of arrangement under which creditors would grant a 10% waiver on outstanding debts, as the company seeks court protection to complete its financial restructuring.

Sarawak Consolidated Industries Bhd said it has accepted a second revised contract worth RM172.4mn from Perbadanan PR1MA Malaysia to build affordable housing in Kota Bharu, Kelantan.

Enproserve Group Bhd has secured a two-year contract from Petronas Carigali Sdn Bhd to provide onshore pipeline maintenance services.

Parkson Holdings Bhd said its 55.0%-owned subsidiary, Parkson Retail Group Ltd, has terminated a tenancy agreement for a property in Guiyang City, Guizhou Province, China.

L&P Global Bhd is disposing of a leasehold industrial property in Kulim, Kedah, for RM13.9mn in cash to unlock the value of the underutilised asset and redeploy capital.

ProWealth Management Holding Ltd has emerged as a substantial shareholder of Mega Fortris Bhd through the acquisition of a 26.0% stake in Mega Fortris Global Pte Ltd, which holds 65% of MFB.

Digistar Corporation Bhd has unveiled its in-house–developed Internet Protocol Television technology aimed at transforming broadcasting into digital media.

NexG Bhd’s former executive deputy chairman, Tan Sri Mohd Khairul Adib Abd Rahman, has increased his stake in the group by 4.3%.

Rubber glove manufacturer Careplus Group Bhd said its external auditor, Deloitte Malaysia PLT, has issued an unqualified opinion with a material uncertainty regarding the group’s ability to continue as a going concern, as disclosed in its audited financial statements for FY25.

Software services provider Nova MSC Bhd has received a qualified opinion on its FY25 financial statements after its external auditor raised concerns over the valuation of the group’s new software assets.

Country Heights Holdings Bhd’s external auditor has raised a material uncertainty regarding the property developer’s ability to continue as a going concern, given its net loss and liabilities exceeding assets for FY25.

Unisem (M) Bhd saw its net profit drop 27.5% YoY to RM19.4mn for 3QFY25 from RM26.8mn a year earlier, due to foreign exchange losses and higher operating expenses at its new plant in Gopeng, Perak.

Frontken Corporation Bhd’s net profit for 3QFY25 rose 30.0% YoY to RM45.8mn from RM35.3mn a year ago, thanks to higher volume.