CORP BRIEF: THHE, Nexperia Malaysia, Celcom and MyEG

by TMR 

THHE submits appeal to Bursa on delist decision

TH HEAVY Engineering Bhd (THHE) has submitted an appeal to Bursa Malaysia Securities Bhd on the decision by the bourse to delist THHE’s securities and to reconsider its decision not to grant a further time extension to submit its regularisation plan. In a filing to Bursa Malaysia yesterday, the Practice Note 17 (PN17) company said the further extension was for a period of nine months up to July 22, 2022. The trading in THHE’s securities was suspended from yesterday and the securities will be delisted on Dec 13 unless the PN17-status company submitted an appeal by Dec 8.

Nexperia Malaysia to ramp up chip production

NEXPERIA Malaysia Sdn Bhd, a wholly owned subsidiary of Nexperia BV (Netherlands) will be expanding its presence in Malaysia with its latest facility in Seremban, Negri Sembilan. By 2026, Nexperia Malaysia is looking to invest an additional RM1.6 billion for building, equipment and automation in Malaysia. This will also provide job opportunity for 700 more skilled workers over time to man and maintain automated production lines, said Malaysian Investment Development Authority in a statement yesterday.

Celcom accelerates RM825m capex for network improvements

CELCOM Axiata Bhd has accelerated capital expenditure (capex) of RM825 million to enable 250 new network sites built and 8,000 sites optimised with improved 4G coverage and capacity across the nation. The company said it is modernising its network with the latest network technology, including the eight transmit and eight receive antenna elements RAN technology that would significantly improve mobile capacity and user experience. The company’s network improvements also include the cessation of 3G services, which would enable it to allocate more network and spectrum resources to 4G LTE, making its network ready for 5G. — Bernama

MyEG to use BreFence Go for Covid-19 screening at airports

MYEG Services Bhd (MyEG) has received the green light from the Health Ministry to deploy Breathonix’s BreFence Go Covid-19 Breath Test System (BreFence Go) as an alternative Covid-19 screening method at the country’s entry points, including international airports. The company said BreFence Go will be used for mass screening, from which any positive Covid-19 results detected will be required subsequently to undergo a reverse transcription polymerase chain reaction test as further validation, it said in a filing to Bursa Malaysia yesterday. — Bernama