Pekat Group Bhd's indirect unit, Solaroo RE (Maldives) Pvt Ltd, has agreed to supply solar-powered electricity to Maldives-based Sun Investments Pvt Ltd for RM30 million. (NST)

Short selling in SAM Engineering & Equipment (M) Bhd's shares were suspended two hours into trading after it report 50 per cent lower net profit in the first quarter ended June 30, 2024 (Q1FY25). (NST)

Powerwell Holdings Bhd's wholly-owned subsidiary, Kejuruteraan Powerwell Sdn Bhd, has secured purchase orders worth RM9.78mil from Raiden M&E Sdn Bhd. (TheStar) 

Shares of Pansar Bhd (KL:PANSAR) rose on Monday to their highest in nearly three months, after the building materials company secured a RM804.7 million construction contract. (TheEdge)

Shares of MSM Malaysia Holdings Bhd (KL:MSM) snapped a four-day losing streak on Monday, after the sugar refiner said it had secured a deal to export grain sugar to China. (TheEdge)

Scanwolf Corporation Bhd's subsidiary Scanwolf Flooring Industries Sdn Bhd has secured multiple flooring supply contracts totaling RM16.1 million. (NST)

Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), signed a memorandum of understanding (MOU) with Trendcell Sdn Bhd to open Jaya Grocer at Gamuda Cove in Kuala Langat. (TheEdge)

DRB-HICOM Bhd's subsidiary Hicom Holdings Bhd (HHB) has received a notice of assessment from the Inland Revenue Board (IRB) for the 2020 assessment year, amounting to RM246.25 million, including penalties. (NST)

Sime Darby Property Bhd is set to redefine the shopping experience in northern Shah Alam, with over 98% of retail spaces already secured as it officially marks the soft opening of Elmina Lakeside Mall (ELM). (TheStar) 

Kenanga Investment Bank Bhd has acquired 8 per cent of Singaporean financial technology (fintech) firm Helicap Pte Ltd. (NST)

Shares of Notion VTec Bhd (KL:NOTION) rose as much as 23 sen or 24.21% in active trade on Monday morning, extending gains for the third straight trading day after three weeks of selloff. (TheEdge)

OSK Holdings Berhad believes that the positive performance in the first half of 2024 validates its growth strategies and demonstrates its ability to deliver strong results across diverse market conditions. (NST)

Source: New Straits Times, The Edge Markets, The Star 2 September 2024

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