Trading ideas: Paragon Globe, HE, AME Elite, New Hoong Fatt, IHH, Gamuda, Parkson, Cape EMS, LSH Capital, Country Heights, Techna-X, Alam Maritim, Bermaz Auto

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

Paragon Globe Bhd’s wholly-owned subsidiary PGBG Construction Sdn Bhd has secured a contract valued at RM45.2mn from a data centre operator for the earthworks and retaining walls of a data centre in Johor.

HE Group Bhd wholly-owned subsidiary Hexatech Engineering Sdn Bhd has accepted a RM25.0mn purchase order for power distribution system works.

AME Elite Consortium Bhd is acquiring 71.4 hectares of freehold land in Pontian, Johor for RM199.8mn cash.

New Hoong Fatt Holdings Bhd unit Jhi Soon Manufacturing Industries Sdn Bhd plans to invest up to RM20.0mn in a venture capital fund to be set up through special purpose vehicle Cypress Drive Ventures Sdn Bhd.

IHH Healthcare Bhd Singapore-based unit Northern TK Venture Pte Ltd has lost a ¥200.0bn (approximately RM5.7bn) damages claim against Japanese pharmaceutical giant Daiichi Sankyo Co Ltd after a Tokyo court dismissed all its claims.

Gamuda Bhd joint venture with John Holland has delivered the M1 Pacific Motorway extension to Raymond Terrace: Black Hill to Tomago package for Transport for NSW, Australia ahead of schedule.

Parkson Holdings Bhd's 55.0%-owned subsidiary Parkson Retail Group Ltd has renewed the tenancy of its retail property in Nanchang, China, for 15 years in a transaction valued at about RMB185.0mn (approximately RM111.0mn).

Cape EMS Bhd wholly-owned subsidiary Cape Renewables Sdn Bhd has inked a collaboration with Helios PV (Asia Pacific) Pte Ltd to distribute Malaysian-assembled residential Battery Energy Storage Systems across Europe and the Asia-Pacific region.

Lim Seong Hai Capital Bhd said the proposed Bandar Malaysia-Seri Kembangan Expressway is estimated to cost RM1.8bn to build, with a proposed concession period of 60 years including four years for construction.

Country Heights Holdings Bhd unit Country Heights Commercial Development Sdn Bhd faces a judicial auction of a 2.6-hectare commercial property in Kajang, Selangor, with a reserve price of RM55.0mn.

Techna-X Bhd has admitted to breaching Bursa Malaysia's listing rules after failing to announce a previously executed RM45.0mn agreement to dispose of its 50.0% stake in Hong Kong Aerospace Beidou New Energy Technology Co Ltd.

Alam Maritim Resources Bhd said an interim executive committee will oversee its operations after CEO Datuk Azmi Ahmad was placed on temporary garden leave amid graft charges.

Bermaz Auto Bhd net profit in 1QFY27 leapt to RM40.5mn from RM8.3mn in the year-ago quarter, as revenue rose to RM553.1mn from RM491.3mn, driven by higher Mazda sales volume, especially for the Mazda 3.