11 stories mentioning KLSE:MNHLDGUpdated 9d ago
Every FINWIRES story that references KLSE:MNHLDG, newest first.
MN Holdings (KLSE:MNHLDG) subsidiary, MN Power Transmission, agreed to extends its memorandum of understanding with Founder Energy for another two years till Sept. 10, 2028, according to a Monday filing with Bursa Malaysia.Earlier, the two parties had signed a collaboration to explore and develop renewable energy projects.
Malaysian shares closed flat but in the red zone on Tuesday, reversing gains of the previous session.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 0.4 points to end 0.02% lower at 1,714.40.In corporate news, MN Holdings (KLSE:MNHLDG) unit MN Utilities Engineering said its joint venture with Pembinaan Tajri secured a contract from Tenaga Nasional to install a 275-kilovolt underground cable system to supply power to Intel Penang. Shares gained about 2% on Tuesday's close.Pioneer Heat's (KLSE:PIONEER) initial public offering drew an overall oversubscription rate of 47.8x, according to a Tuesday filing with Bursa Malaysia. The company received 9,512 applications for 846.5 million shares worth 211.6 million ringgit under the balloting tranche.Malayan Banking (KLSE:MAYBANK) signed an unconditional share purchase deal to acquire the remaining 30.95% stake in Maybank Ageas from Ageas for 4.83 billion ringgit in cash.
MN Holdings (KLSE:MNHLDG) subsidiary MN Utilities Engineering said its joint venture with Pembinaan Tajri secured a contract from Tenaga Nasional to install a 275-kilovolt underground cable system to supply power to Intel Penang.The contract will cover engineering, design, supply and erection works for the underground cable system from LILO Point to Intel Electronic Malaysia switching station.The contract sum is 67.3 million ringgit, and the project is expected to be completed within 540 days, according to a Monday filing with Bursa Malaysia.
Malaysian shares erase gains to end in the red zone Thursday, despite a higher-than-expected construction data. The investors could not find positive cues amid a mixed regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 6.90 points to end 0.4% lower at 1,734.71.In economic data, Malaysia's construction activity rose 8.8% year over year in the second quarter of 2026, picking up from an 8.5% increase in the first quarter, according to data from the Department of Statistics Malaysia on Thursday. The latest reading far exceeded the Trading Economics forecast for a 4% growth.In corporate news, shares of K-One Technology (KLSE:K1) dropped over 3% on close after it proposed to undertake a capital reduction and repayment exercise to facilitate the distribution of a special dividend of up to 75 million ringgit to its shareholders.Whereas, shares of MN (KLSE:MNHLDG) unit, MN Power Transmission, secured a 71 million ringgit contract from Tenaga Nasional to set up a 132/33kV transmission intake substation in Cameron Highlands.Shares of Selangor Dredging (KLSE:SDRED) gained 1% on close after its unit SDB Subang Development has agreed with Hectare Square to extend the completion period for its land acquisition by another 12 months.
MN Holdings' (KLSE:MNHLDG) subsidiary, MN Power Transmission, secured a 71 million ringgit contract from Tenaga Nasional to set up a 132/33kV transmission intake substation in Cameron Highlands, according to a Wednesday Bursa Malaysia filing.The contract will cover the supply, installation, testing and commissioning of the new substation and is expected to be concluded within 900 days.
MN Holdings' (KLSE:MNHLDG) subsidiary MN Utilities Engineering secured a 122.3 million ringgit contract from Tenaga Nasional via an unincorporated joint venture with Pembinaan Tajri, according to a Monday filing with Bursa Malaysia.The contract covers the installation of a new double-circuit 132kV underground cable system between the Tasek Gelugor and Bertam main intake substations.MN Utilities holds an 80% stake in the joint venture while Pembinaan holds the remaining 20%.The project is scheduled for completion within 450 days from the official commencement date.
MN Holdings (KLSE:MNHLDG) said a memorandum of understanding between its wholly-owned subsidiary MN Power Transmission (MNPTSB) and China State Construction Engineering has expired upon completion of its term on Aug. 6, according to a Friday filing to the Malaysian stock exchange.The MoU, which came into effect on Aug. 7, 2024, for a term of two years, was aimed at collaboration in procuring, developing, and undertaking any proposed projects, especially in the power industry.Under the pact, the two companies would target customers in the data center, solar, and independent power plant sectors throughout Malaysia. The deal also aimed to expand the companies in other ASEAN countries.The company's shares were up nearly 1% in recent trade.
Three directors of infrastructure developer MN Holdings (KLSE:MNHLDG) have sold a cumulative 10 million shares worth 28 million ringgit to institutional funds through off-market transactions, according to a Monday filing to the Malaysian bourse.Managing director Toh Eng Keat and executive directors Loy Siong Hay and Dang Siong Diang sold shares at 2.80 ringgit each, representing a discount of about 3.4% to MN Holdings' closing price of 2.90 ringgit on Monday.While Loy and Toh each sold 4 million shares for 11.2 million ringgit, Loy's direct stake was reduced to 97.71 million shares, or 14.6%, and Toh's stake to 85.35 million shares, or 12.8%.Meanwhile, Dang sold 2 million shares worth 5.6 million ringgit and was left with 39.30 million shares, or a 5.9% stake.
MN (KLSE:MNHLDG) unit MN Utilities Engineering secured a letter of award worth 83.5 million ringgit to build a 275 kilovolt consumer landing station for a data centre project in southern Peninsular Malaysia, according to a Friday Malaysian bourse filing.Shares gained over 3% in Monday's midday trade.The work involved covers the design, building, provision, fitting, testing, and operational startup of a facility for a data hosting and processing company.The project is scheduled to run from May 11, 2026, to January 31, 2027, and is expected to contribute positively to future earnings and net assets, the filing said.
Malaysian shares extended gains on Monday, as investors reacted to renewed optimism over a possible de-escalation in hostilities between the US and Iran, and the second phase of peace talks in Islamabad.The FTSE Bursa Malaysia KLCI gained 7.09 points to end 0.4% higher at 1,702.30. The day range was between 1,689.00 and 1,703.64.In economic news, Malaysia's total trade in goods rose 9.3% annually to 273 billion ringgit in March, driven by growth in both exports and imports, according to data released by the Department of Statistics Malaysia. Exports increased 8.3% year on year to 148.8 billion ringgit, while imports rose 10.4% to 124.2 billion ringgit. As a result, the trade surplus stood at 24.6 billion ringgit, slightly lower by 215.5 million ringgit compared with a year earlier.In local news, Malaysia's rubber glove industry is facing rising cost pressure as the US-Iran conflict drives up prices of oil-linked raw materials used in production, the Nikkei Asian Review reported. Major producers such as Top Glove (KLSE:TOPGLOV) and Hartalega (KLSE:HARTA) have been able to raise selling prices to offset higher input costs, while demand remains broadly stable.In corporate news, shares of MN (KLSE:MNHLDG) rose 5% on Monday's close after its unit MN Utilities Engineering accepted a purchase order worth 275.9 million ringgit for a data center infrastructure project in Malaysia.
MN (KLSE:MNHLDG) unit MN Utilities Engineering has accepted a purchase order worth 275.9 million ringgit for a data center infrastructure project in Malaysia, according to a Friday's Malaysian bourse filing.Shares gained over 5% in Monday's midday trade.The contract was awarded by a company providing hosting and data processing services. It covers the design, supply, installation, testing, and commissioning of a 275 kilovolt consumer landing station.The project is expected to be completed by June 30, 2027, with final scope to be divided into two phases, the filing said.
