KUALA LUMPUR (June 4): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

SNS Network Technology Bhd (KL:SNS) has been appointed by VSTECS Bhd (KL:VSTECS) as an authorised retailer for Starlink’s equipment in Malaysia. SNS managing director Ko Yun Hung said the deal will allow the company to expand its information and communications technology (ICT) product range to include Starlink satellite kits across its physical and online stores, as well as to its customers, which include government agencies and commercial enterprises. Starlink's satellite broadband hardware kits come with the Starlink dish itself, along with the base, a router, a power cable and Starlink cable. Starlink is a satellite internet constellation operated by Starlink Services LLC, a wholly owned subsidiary of Space Exploration Technologies Corp (SpaceX). — VSTECS appoints SNS Network as authorised Starlink equipment retailer in Malaysia

Kimlun Corp Bhd (KL:KIMLUN) has secured a contract worth RM234.27 million in Shah Alam, Selangor. The company said its unit Kimlun Sdn Bhd had accepted the award of a construction contract from Saujana Development Sdn Bhd for a high-rise residential development in Seksyen U2, Shah Alam. Construction work is expected to be completed in the third quarter of 2026. — Kimlun bags construction contract worth RM234.3 mil in Shah Alam

Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB) said on Tuesday that it has secured a subcontract worth RM1.5 billion to build an offshore substation at a wind farm in the Netherlands. Fabrication works of the substation platform — which receives power produced from the wind farm and stepped up before being transmitted onshore — will begin in 2025 for 36 months. The subcontract is expected to be completed by 2028. The project, named the Nederwiek 1, would be MHB's second offshore wind project. — MHB secures RM1.5b subcontract for Dutch wind offshore substation

CIMB Group Holdings Bhd (KL:CIMB) has appointed Novan Amirudin as its new group chief executive officer (CEO), effective July 1, 2024. The new appointment follows the departure of Datuk Abdul Rahman Ahmad on June 30, 2024, who will be leaving the banking group to take over the role of group chief executive at Permodalan Nasional Bhd (PNB). Novan is currently co-CEO of group wholesale banking as well as CEO of CIMB Investment Bank Bhd, positions he held since about a year ago. — CIMB appoints Novan Amirudin as new CEO

AEON Co (M) Bhd (KL:AEON) is buying two pieces of land in Seremban, Negeri Sembilan for RM102.89 million to build a shopping mall. The department store and shopping mall operator signed a sale and purchase agreement with Real Attraction Sdn Bhd on Tuesday to acquire the said parcels of land measuring 23.045 acres in Bandar Seremban Utama. The proposed acquisition is in line with its corporate strategy to develop its future retail business and provides the group with the opportunity to expand in Seremban. “The [parcels of] land are strategically located, immediately adjacent to the existing AEON Mall Seremban 2, which will enable AEON to construct a building-commercial shopping centre link to the existing AEON Mall Seremban 2 as one of the strategic expansion plans,” it said. — AEON Co buys two pieces of land in Seremban for RM103 mil to build a mall

Despite ongoing litigation with MBSB Bank Bhd over payment defaults, Country Heights Holdings Bhd (KL:CHHB) announced on Tuesday a tender process to attract investors for the Mines Waterfront Business Park (MWBP) and Mines International Exhibition and Convention Centre (MIECC) project development in Seri Kembangan. The property developer said it has authorised its chairman Tan Sri Mohd Anwar Mohd Nor to seek international tender submissions in US dollars, with Malaysian participation also welcomed, at the exchange rate of RM4.50 against the greenback. On May 24, the group said its unit Mines Waterfront Business Park Sdn Bhd had been sued by MBSB Bank, arising from a default in payment on an Islamic term financing facility of RM82.7 million and an Islamic bridging financing facility of up to RM17.3 million. — Country Heights launches tender for Mines project amid litigation with MBSB Bank

Eye specialist service provider Optimax Holdings Bhd (KL:OPTIMAX) announced on Tuesday that it has obtained a licence from the Ministry of Health (MOH) to offer aesthetic services at its new outlet, Neumax Clinix. Neumax Clinix, Optimax’s first full-fledged aesthetic clinic, offers a comprehensive range of services, including cosmetic injections, laser treatments, and skin rejuvenation therapy. — Optimax secures licence for aesthetic services for its new outlet Neumax Clinix

Inta Bina Group Bhd (KL:INTA) said on Tuesday that it has secured a RM111.98 million contract from a unit of Gamuda Bhd (KL:GAMUDA) to build semi-detached houses. The group said the contract period is for 23 months, and is divided into two phases, with the first phase comprising 124 units of houses and the second phase consisting of 50 units. This marks Inta Bina’s fifth construction project so far this year, with the value of all the contracts totalling RM1.05 billion. — Inta Bina secures RM111m construction job from Gamuda’s unit

Datasonic Group Bhd (KL: DSONIC) said on Tuesday that it has secured five contract extensions from the Home Ministry, worth a total of RM181.66 million. All the extensions are for a period of six months from June 1 to Nov 30 this year. For the first contract, Datasonic said it received an extension for the supply of MyKad, MyTentera and MyPOCA raw cards and consumables to the National Registration Department (JPN) for an additional ceiling contract value of RM27.81 million. Datasonic also received a third extension to the contract for the comprehensive maintenance services of card personalisation centres at JPN, worth RM11.57 million. On top of that, Datasonic also received contract extensions for the supply of Malaysian passport chips, worth an additional RM59.77 million, Malaysian passport documents worth RM29.81 million, and polycarbonate biodata pages worth RM52.70 million, to the Immigration Department. — Datasonic secures five contract extensions from Home Ministry worth RM182m

Serba Dinamik Holdings Bhd's (KL:SERBADK) delisting from Bursa Malaysia will proceed on Wednesday after the exchange regulator dismissed a final appeal from the beleaguered oil and gas outfit. Serba Dinamik said it has received a letter from the regulator stating that the Appeals Committee's decision is final. As a result, the group's shares will be delisted on Wednesday as scheduled. The shares have been suspended from trading since Jan 18, 2023. — Serba Dinamik’s final appeal dismissed by Bursa, to be delisted Wednesday