Berjaya Corporation Bhd’s (BCorp) 100 per cent-owned subsidiary Juara Sejati Sdn Bhd (JSS) has disposed of 32 million shares representing about 4.14 per cent equity interest in REDtone Digital Bhd for RM29.76 million or 93 sen per share. (TheStar)

Hextar Global Bhd (KL:HEXTAR) expects improving herbicide prices in the near future, after posting a 28% increase in its latest quarterly net profit, on strong growth from its specialty-chemicals segment. (TheEdge)

Nestcon Bhd has accepted a letter of award worth RM31.61mil from Mightyprop Sdn Bhd for the rock blasting and other general works in Damansara Perdana, Selangor. (TheStar)

EA Technique (M) Bhd's (EATech) wholly-owned subsidiary Libra Perfex Precision Sdn Bdh has secured three contract extensions with PETRONAS Floating LNG 1 (L) Ltd (PFLNG1) for a combined sum of RM63.9mil. (TheStar)

Perak Transit Bhd is actively pursuing new third-party terminal management services to grow its asset-light business, as demonstrated by its collaborations to operate Terminal Sentral Kuantan in Pahang and Terminal Bas Shahab Perdana in Kedah. (TheStar)

Hibiscus Petroleum Bhd’s (KL:HIBISCS) net profit fell 51% year-on-year (y-o-y) in its first financial quarter ended Sept 30, 2024 (1QFY2025), dragged down by planned shutdowns at four of its assets, lower oil and gas prices and the strengthening ringgit versus the US dollar in the quarter under review. (TheEdge) 

CelcomDigi Bhd’s (KL:CDB) short-term outlook may be subdued following an underwhelming third-quarter, though analysts are cautiously betting that earnings will accelerate in 2025. (TheEdge)

Datuk Doh Tee Leong (pic) of Lagenda Properties Bhd and Epicon Bhd has emerged as the controlling shareholder of loss-making Mercury Industries Bhd via off-market transactions worth RM34.65mil. (TheStar)

Johor Plantations Group Bhd (JPG) has appointed Johor Corp’s indirect subsidiary, JL Projects Sdn Bhd, as the project management consortium (PMC) for the construction of an integrated sustainable palm oil complex, worth RM30.99mil. (TheStar)

The privatisation of Malaysia Airports Holdings Bhd (MAHB) by a consortium led by Khazanah Nasional Bhd is expected to succeed at the offer price of RM11, according to Macquarie Capital Securities (Malaysia) Sdn Bhd. (NST)

Source: New Straits Times, The Edge Markets, The Star 19 November 2024

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