KUALA LUMPUR (June 22): Here is a brief recap of some corporate announcements that made the news on Monday:

Berjaya Corporation Bhd (KL:BJCORP) has disposed of its entire 8.64% stake in Citaglobal Bhd (KL:CITAGLB) for RM42.56 million, selling 46.77 million shares at 91 sen each to Detik Ria Sdn Bhd, a company controlled by Johor princess Tunku Tun Aminah Sultan Ibrahim. The transaction is classified as related‑party, as Detik Ria is a major shareholder of Berjaya Corp and Tunku Aminah serves as its non‑executive chairman. The shares were originally acquired at 90 sen apiece through Citaglobal’s private placement on June 8. Following the disposal, Berjaya Securities, a wholly‑owned unit of Berjaya Corp, ceased to be a shareholder of Citaglobal. — Berjaya Corp sells entire Citaglobal stake to Johor princess-controlled Detik Ria for RM42.6m

KJTS Group Bhd (KL:KJTS) said it has entered into a savings-sharing agreement with Top Glove Corp Bhd (KL:TOPGLOV) that could generate about RM27.3 million in revenue over the 10-year contract period, based on guaranteed energy savings of RM5.47 million annually. KJTS stated that its majority-owned subsidiary, iHandal Green Assets Holdings Sdn Bhd, signed the agreement with Top Glove’s unit Flexitech Sdn Bhd. The arrangement covers the construction, installation and maintenance of the Heatfuse Heat Recovery Solutions system at Top Glove’s manufacturing facilities in Banting. — KJTS inks 10-year savings-sharing agreement with Top Glove

Eduspec Holdings Bhd (KL:EDUSPEC) said Salcon Bhd (KL:SALCON) executive deputy chairman Tan Sri Tee Tiam Lee is no longer a substantial shareholder after selling 60 million shares, equal to a 4% stake, in an off-market deal. The shares were acquired by Eduspec group CEO Datuk Seri Gan Chow Tee, raising his stake in the company to 12.98%. Tee had become a substantial shareholder less than a year earlier through a private placement of 111.1 million shares, representing a 7.86% stake. — Salcon’s Tee Tiam Lee exits as major Eduspec shareholder less than a year after placement

Widad Group Bhd's (KL:WIDAD) founder and controlling shareholder Tan Sri Muhammad Ikmal Opat Abdullah has resigned as executive deputy chairman after nearly two years in the role, citing personal commitments. He holds a 0.06% direct stake and a 13.6% indirect stake in Widad. — Widad founder Muhammad Ikmal Opat resigns as deputy chairman

LFE Corp Bhd (KL:LFECORP) has secured a RM16.22 million contract from Puncak Concept Sdn Bhd to provide materials and construction services for piling, pile caps and related works for a planned development in Cyberjaya, Selangor. The deal is classified as a related‑party transaction, as LFE’s executive chairman and major shareholder, Chuah Chong Ewe, also serves as a director and shareholder of Puncak Concept. As of April 6, 2026, Chuah held a combined 30.9% interest in LFE Corp, with 13.84% held directly.  — LFE secures RM16.2m related-party piling and associated works contract

Propel Global Bhd (KL:PGB) is entering property development with its first commercial project in Kuantan, valued at RM64 million in gross development value. The project, called Riverpoint, is being developed by its wholly‑owned unit Propel Global Development Sdn Bhd and consists of 31 three‑storey freehold shoplots along Jalan Tanah Putih, near the “Welcome to Kuantan” arch. The company said the venture reflects its strategy to diversify beyond oil and gas and engineering‑related businesses. — Propel Global launches maiden RM64m commercial development in Kuantan

Titijaya Land Bhd (KL:TITIJYA) plans to acquire a 6.07‑hectare leasehold parcel in Bukit Raja, Klang for RM47.39 million, as part of its effort to expand its land bank. The company stated that the purchase supports its strategy of increasing land holdings in strategic areas, drawing on its experience in mixed‑use developments and current market opportunities. The vendor is Jasa Cendana Sdn Bhd, a Klang‑based property developer controlled by Temokin Credentials Sdn Bhd. The directors of Temokin Credentials include Tan Chien Wen, Tan Chien Chyi and Tan Chien Yih. — Titijaya buys land in Klang for RM47 mil to expand land bank

ICT Zone Asia Bhd (KL:ICTZONE) has secured a contract worth RM28.1 million to lease ICT hardware over a 36‑month period, increasing the company’s order book to RM321.1 million. The agreement covers the leasing of enterprise hardware such as desktops, laptops, printers and scanners to MRA International Sdn Bhd, which will deliver and deploy the equipment to a government agency. Following this award, the company’s unbilled order book rose from RM293 million as of Jan 31, 2026, to RM321.1 million. — ICT Zone bags RM28 mil hardware leasing contract

Bedi Bhd (KL:BEDI) has proposed acquiring two property development companies in Sabah from a related party for RM38.82 million in cash, as part of its strategy to expand its presence in East Malaysia. The group signed agreements with Bedi Development Sdn Bhd to purchase Sejati Sentral (Sandakan) Sdn Bhd for RM17.55 million and FYT Land (KK) Sdn Bhd for RM21.27 million. The projects involved a combined remaining unbilled and unsold gross development value of RM1.13 billion, with an estimated gross development profit of RM146.94 million. — Bedi to acquire two Sabah property developers from related party

Sunview Group Bhd (KL:SUNVIEW) has proposed selling its entire 22.44% interest in Winstar Capital Bhd (KL:WINSTAR) for RM30.1 million in cash to nine investors. The stake, consisting of 70.03 million shares, will be disposed of at 43 sen per share under nine separate agreements signed on Monday. The sale price reflects a 23.9% discount compared to Winstar’s last closing price of 56.5 sen. Four of the buyers are Winstar’s key management personnel and substantial shareholders: vice-chairman Chua Nyok Chong, chief executive officer Chua Boon Hong, chief operating officer Lee Yong Zhi and chief marketing officer Khoo Nee Cheng. — Sunview to exit Winstar via RM30m stake sale at 43 sen a share

Tanco Holdings Bhd (KL:TANCO) group managing director Datuk Seri Andrew Tan Jun Suan bought shares from his younger brother Edwin Tan Kium Suan on Monday. Jun Suan disposed of a total of 72.5 million direct shares via two separate transactions on June, one on the open market and the other via a direct business transaction. The combined value of these transactions was approximately RM10.61 million. Subsequently, on June 22, he acquired 35.21 million shares directly from Kium Suan, amounting to a 0.584% stake, at 26.5 sen per share. This purchase, valued at about RM9.33 million, was made at a price more than double Tanco’s closing price of 13 sen. — Tanco MD buys shares from younger brother as shares slip yet again

Mulpha International Bhd (KL:MULPHA) has been named in a class action lawsuit in Australia over alleged construction and development issues tied to a residential project in New South Wales. The amended statement of claim, filed on June 5, expands on proceedings initiated in December 2024 against its wholly‑owned unit, Mulpha Norwest Pty Ltd. Penrith City Council, which approved the subdivision and development of land in the Mulgoa Rise area, is also listed as a respondent. — Mulpha unit faces class action lawsuit in Australia over residential development

Talam Transform Bhd (KL:TALAMT) announced that the High Court has approved the convening of an extraordinary general meeting (EGM) requested by a group of shareholders aiming to replace the company’s board. The court also imposed measures to maintain the current situation until the meeting takes place. Both parties agreed to court-ordered terms regulating the convening and conduct of the EGM on July 10, after hearing competing injunction applications. Under the order, Talam Transform's directors are restrained from appointing any additional director or altering the composition of the board before the EGM. — Talam Transform's July 10 EGM allowed to proceed by court amid boardroom battle

Theta Edge Bhd (KL:THETA) announced that its chairman Tan Sri Abdul Rahman Mamat has tendered his resignation after two years. The ICT and telecommunications group said Abdul Rahman, 74, resigned in order to pursue other commitments. He was a former secretary general in the Ministry of Investment, Trade and Industry (Miti) before joining the group as chairman in July 2024. — Theta Edge chairman Abdul Rahman Mamat resigns after two years at the helm

Elridge Energy Holdings Bhd (KL:ELRIDGE) expects its trade receivables to decline in the coming quarter after collecting all outstanding payments from customers last year. As of end‑March, unpaid invoices totalled RM107.66 million, but the company remains confident of recovery since most of the amount is owed by long‑standing customers with a history of timely payments, said executive director Salihudin Mohd Razali. He added at a post‑AGM briefing on June 22 that no issues are anticipated in collecting the outstanding sums. — Elridge Energy says trade receivables to decline, no dividend plan for now

Hextar Retail Bhd (KL:HEXRTL) is acquiring the assets of a Zok Noodle House outlet in Bandar Sunway for RM1.25 million as it expands its food and beverage business. The purchase, made through its 51%‑owned subsidiary Craving Hub Sdn Bhd, covers inventory, equipment, licences, tenancy rights, brand goodwill and customer data at the Sunway Square outlet. The deal is considered a related‑party transaction due to overlapping shareholding and directorships, though the company noted it is not expected to materially affect its financial position. — Hextar Retail buys Zok Noodle House outlet assets in Bandar Sunway for RM1.25m

Grand Dynamic Builders, a unit of GDB Holdings Bhd (KL:GDB), has been drawn into a judicial management application involving its joint venture company, Dynamic Contractor Sdn Bhd, following a creditor's court filing. GDB Holdings said Grand Dynamic Builders had been informed by its solicitors on June 19 that a creditor of Dynamic Contractor, Sharifuddin Abdul Wahab, filed the application on June 16 under several sections of the Companies Act 2016. Under the application, the creditor is seeking to place Dynamic Contractor under judicial management for six months. — GDB Holdings unit faces judicial management application over creditor claim