Trading ideas: Sunview, TNB, Capital A, Keyfield, TRC, Rexit, Pestec, AirAsia X, Hibiscus, Selangor Dredging, BHIC, Globetronics

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

Sunview Group Bhd has proposed a private placement of up to 56.8mn new shares or 10.0% of its issued share capital to raise funds mainly for working capital to support its engineering, procurement, construction and commissioning projects.

Tenaga Nasional Bhd, Electricite Du Laos and Electricity Generating Authority of Thailand have signed an agreement to supply up to 100MW of renewable power from Laos to Singapore.

Capital A Bhd has disposed of 17.0mn ordinary shares in AirAsia X Bhd through direct business transactions for a cash consideration of RM28.1mn.

Keyfield International Bhd announce that KRSB and Petro Laut Sdn Bhd have signed an Addendum No. 1 to the MOA that will extend the disposal of the DP2 accommodation workboat Keyfield Compassion to between 31 January and 15 February 2026.

TRC Synergy Bhd has secured a contract from Gilang Cendana Sdn Bhd for a construction project in Putrajaya, worth RM249.0mn.

Rexit Bhd has officially rebranded as OpenMove AI Bhd, signalling its strategic shift from traditional software services to AI-powered digital transformation solutions.

Pestec International Bhd said its wholly owned unit, Pestech Sdn Bhd, has been served with a winding-up petition over an alleged US$2.4mn by Pestech Engineering Technology (China) Co Ltd.

AirAsia X Bhd has clarified that no definitive decision has been made to rename the company to AirAsia on Jan 19, 2026.

Hibiscus Petroleum Bhd’s 7.4%-owned 3D Energi Ltd said it has made an unexpected gas discovery in the Waarre C sandstones at the Charlemont Trend, Otway Basin, Australia, during Phase 1 of its exploration drilling programme.

Selangor Dredging Bhd is acquiring a piece of freehold commercial land measuring 1.2 ha in Petaling Jaya, Selangor, from Hectare Square Sdn Bhd for RM63.0mn.

Boustead Heavy Industries Corp Bhd has signed a non-binding collaboration agreement with France’s Défense Conseil International to explore a potential strategic partnership.

Globetronics Technology Bhd has appointed Ta Shun Dher, the son of the late Tan Sri Ta Kin Yan, founder of the Waz Lian Group and Majestic Gen Sdn Bhd, as non-executive chairman, while executive chairman Liaw Way Gian has been redesignated as executive director.