Trading ideas: BHIC, MN Holdings, HeiTech Padu, Kobay, Guan Ching, UMedic, JAG, Tune Protect, UCrest and Kitacon

KUALA LUMPUR: Companies making headlines include BHIC, MN Holdings, HeiTech Padu, Kobay, Guan Ching, UMedic, JAG, Tune Protect, UCrest and Kitacon, said Apex Securities Research.

Boustead Heavy Industries Corporation Bhd’s (BHIC) indirect wholly owned subsidiary Perstim Industries Sdn Bhd (PISB) has proposed to dispose of 27,000,001 ordinary shares in Lumut Naval Shipyard Sdn Bhd (LUNAS) to Ocean Sunshine Bhd (OSB) for RM334.73 million cash.

MN Holdings Bhd’s wholly-owned subsidiary MN Power Transmission Sdn Bhd has secured a RM17.6mil contract for the supply and commissioning of the transmission main intake 275/132kV Pasir Gudang Power Station Extension (2x275kV Overhead Lines (OHL) Bays) in Johor from Tenaga Nasional Bhd.

Heitech Padu Bhd has appointed Salmi Nadia Mohd Hilmey as group managing director, effective Wednesday.

Kobay Technology Bhd said its 70%-owned subsidiary Avelon Healthcare Sdn Bhd has secured banking facilities totalling RM21 million from CIMB Islamic Bank Bhd.

Guan Chong Bhd has witnessed a significant upside since March, in tandem with the sharp rise in cocoa prices due to shortages.

UMediC Group Bhd has secured approval from the Securities Commission Malaysia for the proposed transfer to the Main Market of Bursa Malaysia Securities.

JAG Capital Holdings Bhd has increased its shareholding in KUB Malaysia Bhd to 62.72% following the conclusion of a mandatory general offer.

Tune Protect Group Bhd’s group chief executive officer Rohit Chandrasekharan Nambiar is resigning from his position “due to personal reasons,” effective May 10.

Ucrest Bhd has signed an agreement with MDC Asia Link Bhd to provide the iMedic clinic management system to MDC Asia Link for five years, for an undisclosed amount.

Kumpulan Kitacon Bhd’s wholly-owned subsidiary has secured a contract worth RM80.98 million for a housing development project in Shah Alam.