KUALA LUMPUR (Dec 19): Here is a brief recap of some corporate announcements that made news on Tuesday:

Dataprep Holdings Bhd has proposed to acquire a 70% stake in DACS Network Solutions Sdn Bhd (DNS) for RM10.5 million from Cloudaron Group Bhd. The purchase consideration will be satisfied via the issuance of 82.68 million shares in the group at 12.7 sen per share. DNS is principally involved in the provision and management of network connectivity services, operating as a telecommunications industry dealer. Dataprep to buy 70% of DACS Network, plans RM40.17 mil private placement

Shafiq Abdul Jabbar is set to leave as group chief financial officer (CFO) of Astro Malaysia Holdings Bhd to assume the same post at AMMB Holdings Bhd, effective Feb 15. Shafiq is slated to take over AMMB’s CFO post from incumbent Jamie Ling Fou-Tsong, who was appointed to succeed Datuk Sulaiman Mohd Tahir as the bank’s chief executive officer last month. Group CFO Shafiq Abdul Jabbar leaving Astro for AMMB Holdings

Advance Information Marketing Bhd's three-for-one rights issue with free warrants has been oversubscribed by 32.9%. The group said it received valid acceptances and excess applications for a total of 388.94 million rights shares in respect of the 292.66 million shares available for subscription. The rights shares are expected to be listed on the ACE Market of Bursa Securities on Dec 28. Advance Information's rights issue oversubscribed by 32.9%

TT Vision Holdings Bhd said its wholly-owned subsidiary, TT Vision Technologies Sdn Bhd, has secured several purchase orders for its solar cell inspection equipment totaling RM7.51 million from an undisclosed buyer. The Penang-based automated test equipment maker did not disclose information about the buyer, citing non-disclosure agreements signed. The group said the contract is expected to be fulfilled within the next three to four months. TT Vision secures RM7.51 mil solar cell equipment deal

Poh Kong Holdings Bhd’s net profit for the first quarter ended Oct 31, 2023 (1QFY2024) rose 21.29% to RM19 million from RM15.67 million in the previous year's corresponding quarter despite lower revenue, largely driven by an uptrend in gold prices. Quarterly revenue dipped 3.88% to RM355.98 million from RM370.36 million on lower demand for gold jewelry products amid weaker market sentiment. Compared with the immediate preceding quarter, the group’s net profit is about four times the RM4.98 million it made in 4QFY2023 while revenue climbed 12.77% from RM315.66 million. Poh Kong posts stronger 1Q profit as gold prices climb

Shares in Apollo Food Holdings Bhd spiked to a seven-year high of RM5.78 on Tuesday's morning trade session, after it announced that Scoop Capital Sdn Bhd, the franchisee of Baskin-Robbins, is acquiring a controlling stake in the company. The counter pared its gains to end the day 37 sen or 6.9% higher at RM5.77, making it the fifth top gainer on Bursa Malaysia. Year to date, the share price has risen 48.70%. At RM5.74, its market capitalisation stood at RM459.2 million. Apollo hits seven-year high after Baskin-Robbins' franchisee acquires controlling stake