KUALA LUMPUR (March 14): Here is a brief recap of some corporate announcements that made news on Friday.

Government e-services provider Pertama Digital Bhd (KL:PERTAMA) plans to acquire an 80% stake in D-Ron Singapore and D-Ron Malaysia for RM106.12 million as part of its regularisation plan after missing Bursa Malaysia’s submission deadline of Feb 9, 2025. The deal, which includes the purchase of D-Ron SG for RM101.14 million and D-Ron MY for RM4.99 million from three vendors, will be funded internally and is subject to regulatory approvals and due diligence. The company has also submitted a representation to Bursa to avoid delisting and reaffirmed its commitment to digital innovation, governance, and financial inclusion. — Pertama Digital acquires 80% stakes in two companies for RM106m as part of its regularisation plan

Prawn farming company MAG Holdings Bhd (KL:MAG) has proposed to acquire farmland and other assets in Tawau, Sabah, for RM39.6 million through related-party transactions. Its subsidiary, North Cube Sdn Bhd, will purchase 111.5 acres from Pegagau Aquaculture for RM32.6 million and 57.24 acres from Lilian Chong Kah Nyuk for RM7 million. The deals involve MAG’s non-independent non-executive director Melvin Lim, who is connected to both sellers. — Prawn producer MAG announces RM40m purchase of farmland and assets in Tawau

Khazanah Nasional Bhd will acquire Innovation Network Corporation of Japan’s (INCJ) 21% stake in Edotco Group for an undisclosed amount, increasing its shareholding to nearly 32%. Edotco, controlled by Axiata Group Bhd (KL:AXIATA) with a 63% stake, also has Kumpulan Wang Persaraan (Diperbadankan) as a 5% shareholder. INCJ is exiting after reaching the end of its investment mandate since entering Edotco in 2017. — Khazanah to acquire INCJ's stake in tower firm Edotco Group

HHRG Bhd’s largest substantial shareholders, Ch’ng Chen Mong and Tan Poh Cheng, have fully exited the company after selling their entire 17.77% stake in the Penang-based biomass material manufacturer. Through their private vehicle, Cfamillie Holdings Sdn Bhd, they offloaded 154.3 million shares via an off-market transaction on March 11. Bloomberg data showed the shares changed hands at half a sen apiece, totalling RM771,450—a steep 94% discount to the closing price of nine sen on the same day. HHRG has yet to disclose the identity of the new substantial shareholder. — HHRG’s largest shareholders dispose of entire stake at a steep 94% discount

KJTS Group Bhd (KL:KJTS) has entered into a joint venture (JV) with Stonepeak Kelvin Holdings Ltd, an affiliate of New York-based investment firm Stonepeak Partners LP, to develop, operate, and invest in cooling assets. Under the agreement, Stonepeak Kelvin will hold a 90% controlling stake in the JV company, while KJ Technical Services Sdn Bhd, KJTS’s wholly owned unit, will own the remaining 10%. — KJTS to form JV with Stonepeak affiliate to develop cooling assets

Khazanah Nasional Bhd-backed TT Vision Holdings Bhd (KL:TTVHB) stated it is unaware of any reason for the sharp rise in its share price and trading volume after Bursa Malaysia issued an unusual market activity (UMA) query on Friday. The stock surged 50% to a high of 81 sen before closing 34.26% higher at 72.5 sen, giving it a market capitalisation of RM347.7 million, with 29.6 million shares traded. Khazanah holds a 13.81% stake in the company. — Khazanah-backed TT Vision Holdings says not aware of reason for unusual market activity

Catcha Digital Bhd (KL:CATCHA) has made its fourth acquisition in nearly four months, acquiring a 60% stake in digital media advertising firm Framemotion Studio Sdn Bhd (FMS) for RM37.32 million in cash. The deal will be paid in three tranches, with the second and third payments tied to profit targets. Catcha Digital said the acquisition will enhance its digital advertising solutions by introducing new experiential and immersive marketing formats. — Catcha Digital acquires 60% stake in digital media advertising company for RM37.32m cash