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Trading ideas: Jati Tinggi, Velesto, Xin Hwa, Proton, NexG, Bedi, Wasco

The Star·03/05/2026 00:14:00
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KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Jati Tinggi Group Bhd's unit Jati Tinggi Holding Sdn Bhd has secured a RM79.9mn contract from Tenaga Nasional Bhd to help provide a bulk power supply to a new data centre in Pasir Gudang, Johor.

Velesto Energy Bhd, via subsidiary Velesto Workover Sdn Bhd, has secured two contracts from Sabah Shell Petroleum Company Ltd to provide maintenance services at its deepwater operations offshore Sabah.

Xin Hwa Holdings Bhd has secured a RM3.4mn transportation service order from Malaysia Marine and Heavy Engineering Sdn Bhd.

Proton Holdings Bhd sold 13,566 units in February, marking a 31.0% decline from January's record-high sales.

NexG Bhd saw Raya Aviation Holdings, parent of cargo carrier Raya Airways, become its largest shareholder after taking control of two private companies tied to NexG's current and former executives.

Bedi Bhd is acquiring a piece of land measuring approximately 16.0 acres in Bukit Padang, Kota Kinabalu, Sabah, from five individuals for RM15.9mn.

Wasco Bhd saw Urusharta Jamaah Sdn Bhd, a special purpose vehicle under the Ministry of Finance, cease to be its substantial shareholder.