Latest Highlights

Trading ideas: EITA, YTL Power, Ecoscience, FGV, HeiTech Padu and South Malaysia Industries

KUALA LUMPUR: Headline-makers in Corporate Malaysia include EITA, YTL Power, Ecoscience, FGV, HeiTech Padu and South Malaysia Industries. EITA Resources Bhd’s 60%-owned subsidiary, TransSystem Continental Sdn Bhd (TSC), has received a letter of acceptance from Tenaga Nasional Bhd for the establishment of a transmission substation in Ayer Puteh, Perak, worth RM47.96mil.

YTL Power International has set up YTL AI Cloud, a specialised provider of massive-scale graphics processing unit (GPU)-based accelerated computing, to deploy and manage one of the world’s most advanced supercomputers on Nvidia Grace Blackwell-powered DGX Cloud, an artificial intelligence (AI) supercomputer for accelerating the development of generative AI.

Integrated palm oil milling services provider Ecoscience International Bhd is partnering with Netherland renewable energy firm Maatschappij Wilhelmina NV (Wilhelmina), to build and manage Wilhelmina’s TG2 black pellet plant in Kuantan, Pahang at an estimated cost of US$60 million (RM283.65 million).

FGV Holdings Bhd said it has been granted a further six-month extension until Sept 2 by Bursa Securities to comply with the public shareholding spread requirement.

Datuk Farhash Wafa Salvador, who recently emerged as a substantial shareholder in Heitech Padu Bhd with a 15.91% stake, has clarified that he shares ownership of the shareholding in the company, held via private vehicle Rosetta Partners Sdn Bhd, with Kelantan’s Sultan Muhammad V.

South Malaysia Industries Bhd (SMI) has decided against tabling Datuk Au Yee Boon-related company Honsin Apparel Sdn Bhd’s resolutions to appoint two new directors at the group’s annual general meeting next week.

Disclaimer: EITA makes no warranties or representations of any kind as to the completeness, accuracy and timeliness of any information contained in this article. The inclusion of this article does not imply any form of endorsement by EITA. Any facts, views, advice, analyses and recommendations expressed by any individual or organisation are those of the respective author(s). EITA disclaims any and all liability resulting from the use or reliance of any information contained in this article.

Leave a Reply

Your email address will not be published. Required fields are marked *