KUALA LUMPUR (July 17): Here is a brief recap of some corporate announcements that made the news on Friday:
Jabil Inc, listed on the New York Stock Exchange, has launched its Intelligent Logistics Hub (JIL Hub) at the Valdor Industrial Park in Penang. The facility was developed by PROTT Sdn Bhd, a subsidiary of construction firm PTT Synergy Group Bhd (KL:PTT). The hub spans about 417,000 square feet and includes 52,300 pallet positions to accommodate the needs of electronics and advanced manufacturing supply chains. It is also supported by 160 autonomous mobile robots and robotic arms. — NYSE-listed Jabil officially opens automated logistics hub in Penang to support advanced electronics supply chains
PTT Synergy separately announced that it plans to acquire logistics software from China-based vTradEx Information Technology (Shanghai) Co Ltd for US$7.12 million (RM29.1 million) in cash. The group’s indirectly-owned subsidiary PTT Robotics Sdn Bhd signed four agreements on Friday, which involve the purchase of the legal ownership and intellectual property rights of four software systems developed by vTradEx. The systems will be deployed across 11 countries. — PTT Synergy to buy logistics software systems from China-based vTradEx for RM29.1 mil cash
Sorento Capital Bhd (KL:SORENTO) has received approval from the Securities Commission Malaysia (SC) to move its listing from the ACE Market to the Main Market of Bursa Malaysia. The SC granted approval for the transfer in a letter dated July 16 under Section 214(1) of the Capital Markets and Services Act 2007. As of July 13, the company reported an issued share capital of RM97.77 million, consisting of 860 million ordinary shares. — Sorento Capital gets SC nod for transfer to Main Market
Handal Energy Bhd (KL:HANDAL) has delayed the release of its annual report for the financial year ended Dec 31, 2025, marking its fifth postponement. As a result, the company has cancelled its rescheduled 16th annual general meeting (AGM), which had been planned for July 23. The company expects to issue the annual report by Aug 7. The AGM, previously deferred from June 15, has now been cancelled, with new arrangements to be announced later. — Handal Energy delays annual report submission for fifth time, cancels adjourned 16th AGM
Lotus Circular Bhd (KL:LOTUSCIR), which operates in leather products and waste recycling, has proposed selling its 55% interest in Miroza Leather (M) Sdn Bhd for RM38 million in cash. Miroza Leather is currently the company’s largest contributor to profit and revenue, and the sale would mark Lotus Circular’s exit from the leather retail segment at a financial loss. If the transaction is completed by the fourth quarter of this year, it would result in a pro forma loss of RM15.39 million based on the company’s audited consolidated financial statements for FY2025. — Lotus Circular proposes to exit leather retail business at a loss
Astro Malaysia Holdings Bhd (KL:ASTRO) is selling a 4.5-acre freehold commercial property in Cyberjaya for RM92 million. The company’s subsidiary, Measat Broadcast Network Systems Sdn Bhd, is disposing of the land, which includes a six-storey technical building and related facilities, to AIMS Central Sdn Bhd. — Astro to sell non-core asset in Cyberjaya for RM92 mil
Pesona Metro Holdings Bhd (KL:PESONA) has secured a RM247.5 million contract from Setia Alam Medical Centre Sdn Bhd to build three private hospital blocks in Setia Alam, Selangor. The contract, awarded to its wholly-owned subsidiary Pesona Metro Sdn Bhd, covers hospital and support facilities, mechanical and electrical rooms, and parking areas. Works are expected to be completed by Jan 28, 2029. Block A will feature 15 hospital floors, Block B will have eight hospital levels with additional parking, and Block C will comprise three hospital floors and five parking levels. — Pesona Metro bags RM247.5 mil job to build three hospital blocks in Setia Alam
RGB International Bhd (KL:RGB) expects higher deliveries of gaming machines this year, having secured at least 2,000 bookings amid growth in Southeast Asia’s gaming sector driven by new casinos, machine upgrades and regulatory changes. Group COO Datuk Steven Lim said the company aims to deliver at least 1,500 machines worth about RM200 million by the end of 2026, mainly to the Philippines with additional supply to other regional markets. — RGB International to deliver more gaming machines this year as SE Asia’s gaming industry grows
CPE Technology Bhd’s (KL:CPETECH) wholly-owned subsidiary Champion Precision Technology Sdn Bhd has purchased 118 machines worth RM34.52 million to expand its manufacturing capacity. The equipment was acquired from Yamazen (Malaysia) Sdn Bhd, Numac Machinery Sdn Bhd and Japan-based DMG Mori Co Ltd. The purchase includes eight Citizen Cincom auto lathes, 45 Okuma CNC turning machines, two DMG CNC turning machines, three Citizen Miyano CNC turning machines and 60 Fanuc CNC milling machines. — CPE Technology unit acquires RM34.5 mil worth of machinery to expand capacity