Company News: Pestech International raising a further RM27.81 million through a restricted issue of shares

Capital A Bhd expects to exit its Practice Note (PN17) status by May this year, according to its chief executive officer Tan Sri Tony Fernandes.

TDM Bhd’s subsidiary Kumpulan Medic Iman Sdn Bhd (KMI Healthcare) is collaborating with Bertam Specialist Hospital Sdn Bhd (BSHSB) to develop a 100-bed hospital in Bertam, Penang, with a gross development cost of RM146 million.

MGB Bhd‘s subsidiaryhas secured two orders worth RM88.57 million from Saudi Arabia’s Sany Alameriah Industrial to supply and install precast elements for the Roshn Alarous development in Jeddah.

Lim Seong Hai Capital Bhd has signed a 20-year concession agreement to operate and maintain the iconic Kuala Lumpur Tower, after almost a year it first announced the contract win.

JF Technology Bhd , has entered an agreement with Spire Manufacturing Inc to acquire Q3 Probe Pte Ltd for US$1.36 million (RM6 million).

Kerjaya Prospek Group Bhd has secured a RM51.03 million contract for piling and earthworks at a serviced apartment project in Andaman Island, Penang, in a related party transaction (RPT).

Pestech International

Pestech International Bhd is raising a further RM27.81 million through a restricted issue of shares to its newly emerged controlling shareholder, Dhaya Maju Infrastructure (Asia) Sdn Bhd (DMIA), to fund ongoing projects.

Sapura Resources Bhdannounced that the company has completed an internal investigation into its former managing director Datuk Shahriman Shamsuddin and submitted its findings to Bursa Malaysia and the Companies Commission of Malaysia (SSM).

Bursa Malaysia Securities has publicly reprimanded Oasis Harvest Corp Bhd and its adviser, Mercury Securities Sdn Bhd, over the termination of the company’s rights issue in 2023.

Bursa Malaysia Securities has publicly reprimanded Annum Bhd and imposed fines of RM31,000 each on five of its directors for failing to issue the company’s annual report for the 18-month financial period ended June 30, 2023 within the stipulated deadline.

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