Trading ideas: TM, U Mobile, AWC, Cahya Mata, DRB-Hicom, Joe, Meta Bright, Pharmaniaga, Sersol, Sinaran, Uzma, K Seng, Maxim, 5E, Empire, MTT, Aeon Credit

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

Telekom Malaysia Bhd said U Mobile Sdn Bhd is finalising collaboration details following a 5G access agreement signed earlier this year, with both parties working towards implementation of the partnership.

AWC Bhd has secured a RM22.2mn contract to undertake plumbing, silo tank and internal sanitary works for a data centre project awarded by a Malaysia-incorporated joint venture.

Cahya Mata Sarawak Bhd said its deputy chairman Datuk Seri Mahmud Abu Bekir Taib has filed a lawsuit against the company and 10 other parties, alleging exclusion from board meetings.

DRB-HICOM Bhd said it will pay an additional US$0.6mn as a post-completion adjustment for its acquisition of Spirit AeroSystems’ Malaysian operations, raising the total purchase consideration to US$111.2mn.

Joe Holding Bhd has proposed to diversify into trading and food and beverage businesses, alongside a reallocation of proceeds from earlier fund-raising exercises, as part of efforts to turnaround its financial performance.

Meta Bright Group Bhd said its unit, Meta Bright Chargesini Sdn Bhd, has secured banking facilities of RM8.5mn from AmBank (M) Bhd to support the expansion of its EV charging infrastructure.

Pharmaniaga Bhd has proposed a share consolidation exercise on the basis of every five existing shares into one to streamline its capital structure following its exit from PN17 status.

Sersol Bhd said its 51.0%-owned unit, Sersol E-Solutions Sdn Bhd, has secured a RM15.6mn contract from Zetrix AI Bhd to supply hardware and provide software subscription and support services over a 12-month period.

Sinaran Advance Group Bhd has proposed a share capital reduction exercise to eliminate RM33.6mn in accumulated losses.

Uzma Bhd said its unit, Setegap Ventures Petroleum Sdn Bhd, has secured a RM60.0mn contract from EnQuest Petroleum Production Malaysia Ltd to provide well intervention and project management services over a two-year period for the 2026/2027 programme.

K Seng Seng Corporation Bhd said Samuel Ng Heng Hong has emerged as a substantial shareholder after his investment vehicle Euro Chain acquired 65.0mn shares, representing a 30.1% stake, including shares from the group’s former executive chairman and major shareholders.

Maxim Global Bhd said Sim Keng Chor has ceased to be a substantial shareholder after disposing of 32.3mn shares, representing a 4.4% stake.

5E Resources Holdings Bhd said its IPO has been oversubscribed by 7.0x for the public tranche ahead of its ACE Market listing.

Empire Premium Food Bhd said its IPO has been oversubscribed by 23.3x for the public portion, with total subscription reaching 24.3x.

MTT Shipping and Logistics Bhd has fixed its IPO retail price at RM1.03 per share following completion of the bookbuilding process.

AEON Credit Service (M) Bhd reported a 10.2% YoY increase in 4QFY26 net profit to RM144.3mn, its highest quarterly earnings since 1QFY23, supported by stronger loan growth and lower impairment losses.