KUALA LUMPUR (Oct 5): Here is a brief recap of some corporate announcements that made the news on Thursday involving: Capital A Bhd, Jasa Kita Bhd, Sunway Construction Group Bhd (SunCon), Waja Konsortium Bhd, Vestland Bhd and Cypark Resources Bhd.

Financially-distressed Capital A Bhd has requested to further extend the deadline for the company to submit its regularisation plan — which is due on Oct 7 — to Dec 31, 2023. This marks the third time that Capital A has requested an extension deadline from Bursa Securities. The original deadline on Jan 7, 2023 had been extended twice — first to July 7 and then Oct 7.

Jasa Kita Bhd is disposing of a parcel of land for a cash consideration of RM43.08 million in a related party transaction. The leasehold piece of industrial land, measuring 14,294 square meters, is located within the PKNS Setapak industrial area in Kuala Lumpur.

Sunway Construction Group Bhd’s (SunCon) joint venture (JV) with construction firm Kajima (M) Sdn Bhd has won a RM595.38 million contract to design and build a distribution centre warehouse for Daiso Malaysia Group Sdn Bhd in Pulau Indah, Selangor. The contract will span a period of 34.5 months and is expected to be completed by the second quarter of 2026.

Waja Konsortium Bhd has secured a contract worth RM279.15 million from TH Tebrau Land Sdn Bhd as the sub-contractor for a housing project in Johor Bahru. The construction group said its 51%-owned subsidiary Waja Build Tech Sdn Bhd had accepted the Letter of Award (LOA) from TH Tebrau Land to undertake management work for the second phase of the One49 Residence apartment project comprising five blocks of service apartments totalling 2,260 units.

Inta Bina Group Bhd’s unit Inta Bina Sdn Bhd has received a RM100.5 million contract to develop a 24-storey commercial building in Shah Alam, Selangor. The construction company said the contract period is 26 months starting on Oct 15, 2023.

Construction group Vestland Bhd has bagged two design and build contracts worth RM116.1 million. Vestland said its wholly-owned subsidiary Vestland Resources Sdn Bhd has been awarded the said contracts. The first contract is from Derrida (M) Sdn Bhd and comprises a design and build project for a school, quarters, hostel and related facilities located in Sabah with a contract value of RM53 million. The second contract is from Sg Besi Construction Sdn Bhd with a value of RM63.1 million. The contract relates to a design and build project for two blocks of 13-storey apartments and related facilities located in Penang.

Cypark Resources Bhd unit Cypark Renewable Energy Sdn Bhd has signed a Memorandum of Understanding (MOU) with Trina Solar Development Pte Ltd to explore business opportunities in the renewable energy (RE) segment in Malaysia and cross-border. Under the MOU, Cypark and Trina Solar have agreed to conduct joint marketing, and work in tandem to unlock new opportunities, the companies said in a statement. Both parties will collaborate to drive sustainability initiatives and “promote the adoption of renewable energy in Malaysia, as well as cross-border electricity supply to Singapore”.