Here's what we have for the week
- Mega First Corp Bhd is venturing into the semiconductor industry via the acquisition of a 28.83% stake in Integrated Smart Technology Sdn Bhd (IST) for RM5.56 million.
- Iris Corp Bhd has secured a RM 1.12 billion contract for the National Integrated Immigration System (NIISe) project from the Home Affairs Ministry. NIISe will modernise the Immigration Department of Malaysia.
Real Estate Industry
- Eupe Corp, the Kedah-based developer is acquiring a piece of land located at Kampung Attap, Kuala Lumpur for RM 125 million.
- Genetec Technology Berhad is buying an industrial property located at Bangi, Selangor from Utusan Melayu (Malaysia) Berhad for RM 53 million.
- Clifford Centre, a 29-story building located at Raffles Place, Singapore is going to be redeveloped soon.
- Wing Tai Holdings Ltd has successfully tendered for the collective purchase of the leasehold Lakeside Apartments site at 9E & 9F Yuan Ching Road for S$273,888,888.
- EST-Logos Reits is divesting a property located at Nuew South Wales, Australia for AUD 55 million.
- Pengurusan Aset Air Berhad (PAAB) is planning to build several new water treatment plants. Among others, a new water treatment plant will be built in Semerak, Pasir Puteh, with a capacity of 50 million litres (MLD) a day. Presently, water is purchased from Terengganu to meet the inadequate needs in the area.
- Phase 1 of the MRT Putrajaya Line will begin operating on June 16. (FMT)
- RM 800 million will be spent to refurbish the Kelana Jaya LRT line in Klang Valley. (The Edge)
- The government has approved the construction of three new highways around the Klang Valley. (Paultan)
- Expansion Plan for Woodlands Checkpoint. (Straits Time)
Cash Call/ Debt restructuring
- Watches.com Ltd is proposing a capital reduction to reduce the share capital of the company and proposed distribution in specie of the 300 million warrants issued by Incredible Holdings Ltd.
Company Expansion Plan/ Capex Plan
- Texchem Resources is investing RM44mil to expand and improve its business operations this year and will ride on the growth prospects of its hard disk drive (HDD), medical device and restaurant businesses.
- Focus Point Holdings Bhd is setting aside a capex of RM16 million for the financial year ending Dec 31, 2022 which would mainly be used for the opening of new outlets and upgrading old stores.
Users can filter the companies' activities via industry or nature of activities via using our tool for Malaysia companies and Singapore companies via the link.
Users can get access to all the major transactions of offices, lands, and factories in Malaysia via this tool.
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