CORP BRIEF: Solarvest, Widad Group, Setia Abadi, Bursa and Yenher

by TMR / pic credit:

Solarvest to develop PV plant for MK Land

SOLARVEST Holdings Bhd’s wholly owned subsidiary, Atlantic Blue Sdn Bhd, accepted a letter of award from Solar Citra Sdn Bhd wholly owned subsidiary of MK Land Resources Sdn Bhd to develop a large-scale solar photovoltaic (PV) plant of 10.95 megawatt for a sum of RM42.9 million. In a filing to Bursa Malaysia yesterday, the company said the engineering, procurement, construction and commissioning to design, construction, installation, completion, testing and commissioning of the development of the PV plant and the interconnection facilities up to the interconnection point will be established in Kerian, Perak.

Widad Group, Setia Abadi ink CA for Royal Brunei JV

WIDAD Group Bhd via its wholly owned subsidiary, Widad Builders Sdn Bhd, has entered into a collaboration agreement (CA) with Setia Abadi Sdn Bhd to form an unincorporated joint venture (JV) for a project awarded by Ministry of Defence of Brunei. In a filing yesterday, the group will perform and execute a contract in relation to the facilities management and maintenance of Royal Brunei Naval Base for a contract sum of Brunei dollars 9.38 million (RM29.01 million).

Bursa debuts Shariah-compliant equities F4GBMS

BURSA Malaysia Bhd and FTSE Russell, launched the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index to serve as a basis for fund managers to develop new investment products comprising a portfolio of Shariah-compliant equities guided by sustainable investing principles. In a statement yesterday, Bursa said such investment solutions include the Environmental, Social and Governance Mustadamah Fund created by MIDF Asset Management launched in June 2021. The composition of the index, which comprises 54 constituents as of June 2021, is reviewed semi-annually in June and December. — Bernama

Yenher IPO oversubscribed by 13.8 times

MAIN Market-bound Yenher Holdings Bhd’s IPO has been oversubscribed by 13.8 times. The company received 10,931 applications for 222 million shares. In total, the company will issue up to 106 million IPO shares, the company said in a statement yesterday. The manufacturer and distributor of animal health and nutrition products said 38.688 million IPO shares by way of private placement to other institutional and selected investors have also been fully placed out.