Trading ideas: Mah Sing, Genting, Capital A, MMAG, Destini, Ho Hup, AWC, Zen Tech, DXN, Farmiera, Ireka, Wasco, Lotte

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

Mah Sing Group Bhd is expanding its presence in Semenyih, Selangor, with the acquisition of a 275-acre freehold parcel adjacent to its existing 500-acre M Legasi township for RM273.5mn.

Genting Bhd’s bid to take Genting Malaysia Bhd private has become unconditional after crossing the 50% shareholding threshold. The group said it now owns 50.1% of GENM’s total issued shares.

Capital A Bhd has signed a Letter of Intent with Bahrain's Ministry of Transportation and Telecommunications to establish Bahrain as AirAsia's Middle East hub.

MMAG Holdings Bhd, which received an unusual market activity query from Bursa Malaysia, said it is unaware of any reason for the recent sharp fall in its share price.

Trading in Destini Bhd’s shares will be suspended from Nov 10 if the group fails to release its annual report by Nov 7.

Ho Hup Construction Company Bhd faces the risk of a trading suspension after failing to submit its FY25 annual report to Bursa Malaysia Securities Bhd within the stipulated timeframe.

AWC Bhd has proposed a bonus issue of warrants on the basis of one free warrant for every four existing shares held in the building facilities management company. The exercise involves the issuance of up to 84.8mn warrants with a tenure of five years.

Zen Tech International Bhd said discussions to acquire a 30% stake in shariah-compliant payment gateway provider Souqa Fintech Sdn Bhd have been terminated, as the negotiations did not lead to mutually acceptable terms for a definitive agreement.

DXN Holdings Bhd has partnered with layer farming enterprise Selasih Aman Sdn Bhd to launch the DXN Lingzhi Egg, a functional food product that combines Ganoderma (Lingzhi) with poultry farming.

Farmiera Bhd’s initial public offering has attracted strong investor interest ahead of its ACE Market debut, with the public issue of new shares oversubscribed by 16.7 times.

Ireka Corporation Bhd has partnered with a China-based company as part of its efforts to exit Practice Note 17 status.

Wasco Bhd said it has received shareholder approval for the proposed listing of its renewable energy arm, Wasco Greenergy Bhd, on the Main Market of Bursa Malaysia Securities Bhd.

Lotte Chemical Titan Holding Bhd has reported a smaller third quarter net loss, supported by stronger sales, lower depreciation charges from its Malaysian operations, and a reduced share of losses from associate Lotte Chemical USA Corp.