KUALA LUMPUR (Feb 13): Here is a brief recap of some corporate announcements that made the news on Tuesday: AwanBiru Technology Bhd, YTL Corp Bhd, YTL Power International Bhd, Dialog Group Bhd, Ekovest Bhd, Westports Holdings Bhd, Kumpulan Kitacon Bhd, Dayang Enterprise Holdings Bhd, KPJ Healthcare Bhd, GDB Holdings Bhd, Ireka Corp Bhd, and FGV Holdings Bhd.

AwanBiru Technology Bhd’s (Awantec) wholly-owned unit Awantec Systems Sdn Bhd has inked a RM294.27 million service agreement with REDtone Digital Bhd’s wholly-owned subsidiary REDtone Engineering & Network Services Sdn Bhd to provide cloud computing solutions and services, which include products such as Google Workspace Enterprise and Google Cloud Platform, for the government’s unified communication and collaboration project, MyGovUC 3.0. REDtone secured the MyGovUC 3.0 contract worth RM398.1 million last week from the Malaysian Administrative Modernisation and Management Planning Unit to provide unified communications solutions. — Awantec seals RM294 mil deal with REDtone Digital’s unit to provide cloud computing solutions for MyGovUC 3.0 project

YTL Corp Bhd and YTL Power International Bhd will be included in the MSCI Malaysia Index, while Dialog Group Bhd is to be removed from the index, effective Feb 29. — YTL Corp and YTL Power in, Dialog out of MSCI Malaysia Index

Ekovest Bhd obtained approval from the Employees Provident Fund (EPF) for an extension of up to two years to facilitate and implement an exit plan for the company from its investment in Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd, the concessionaire of Duke highway. Ekovest and EPF are evaluating various viable options together to implement the exit event or any alternative plan in the best interests of the parties. — EPF grants Ekovest extension till February 2026 to implement exit plan from Duke

Westports Holdings Bhd is considering external strategic investors to help fund a RM39.6 billion expansion that will see capacity nearly double to 27 million twenty-foot equivalent units, from 14 million currently, throughout its concession, which runs until 2082. Executive chairman Datuk Ruben Emir Gnanalingam said the company is also looking at a dividend reinvestment plan and borrowings to help fund the expansion of the facility in Klang. — Westports considering new investors for RM39.6b expansion, says executive chairman

Kumpulan Kitacon Bhd’s wholly-owned unit Kitacon Sdn Bhd has secured a letter of award from Worldwide Holdings Bhd to build 182 units of two-storey terrace houses and a Tenaga Nasional Bhd substation in the Selangor Cyber Valley for RM65.43 million. The contract is to commence on Feb 19, 2024, and is to be completed within 18 months. — Kumpulan Kitacon bags RM65.4m contract to build terrace houses in Selangor

Dayang Enterprise Holdings Bhd’s wholly-owned DESB Marine Services Sdn Bhd has secured contract extensions for the supply of three accommodation work boats to Petronas Carigali Sdn Bhd. The Dayang Zamrud vessel’s contract extension spans 279 days from the commencement date on Oct 27, 2023, while the extension for the Dayang Pertama vessel began on Oct 10 (spanning 296 days) and the extension for the Dayang Berlian vessel began on Oct 25 (spanning 281 days). The values of the extensions are based on work orders issued by Petronas Carigali throughout the extended contracts. — Dayang gets contract extensions for supply of three work boats to Petronas Carigali

PJ Healthcare Bhd plans to sublet the royal suite of Damansara Specialist Hospital 2 to its major shareholder Johor Corporation (JCorp) from Oct 1, 2024, until Jan 30, 2029, at a rental rate of RM111,666 per month, after renovating the hospital. The RM15.9 million renovation works are to be undertaken by JLG & BP Design Sdn Bhd, a 60%-owned unit of Damansara Assets Sdn Bhd, which is in turn an indirect subsidiary of JCorp. JCorp holds a 35.86% direct stake and a 9.13% indirect stake in KPJ Healthcare, making the proposals related party transactions. — KPJ Healthcare plans royal suite sub-tenancy to JCorp after Damansara Specialist Hospital 2 renovation

GDB Holdings Bhd’s legal actions against Damai City Sdn Bhd and KSK Land Sdn Bhd over the 8 Conlay project disputes have been put back on hold for three months after the court granted the pair and their parent KSK Group Bhd, another restraining order against their creditors. The restraining order, which restrains all actions or proceedings against the three companies (collectively KSK Group) for three months, makes way for them to hold a creditors’ meeting to consider a scheme of arrangement to settle their outstanding debts. — GDB’s legal actions over 8 Conlay job termination disputes face three-month pause

Ireka Corp Bhd has been hit with a RM6.53 million lawsuit from RHB Bank Bhd over an alleged default in the revolving credit facility granted to the property development and construction outfit’s wholly-owned unit Ireka Engineering & Construction Sdn Bhd, which is under liquidation. This came after the termination of a prior settlement agreement as well as the failure to mutually agree to a proposed revised scheduled payment — Ireka Corp sued by RHB Bank over RM6.53m payment default

FGV Holdings Bhd has applied to Bursa Securities for a further extension of time of up to Aug 13, 2024, to issue its circular for a proposed bonus issue, to comply with the bourse’s public shareholding spread requirement. The extension bid was submitted at the request of its controlling shareholder, the Federal Land Development Authority, which owns an 81.9% stake in FGV. — FGV seeks second extension to issue circular for bonus issue to comply with public shareholding spread