Trading ideas: TNB, IJM, Exsim, YTL, DNeX, MGB, Willowglen, Salcon, Maxim, MK Land, Topmix, NexG, NCT, Zecon

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Tenaga Nasional Bhd has lodged an Islamic medium-term notes (Sukuk Wakalah) programme of up to RM10.0bn in nominal value with the Securities Commission.

IJM Corporation Bhd has secured a RM658.0mn contract to undertake the main building works for a hyperscale data centre in Selangor from Sime Darby Property (EBP Asset II) Sdn Bhd.

Exsim Hospitality Bhd has secured a letter of award from Cosmopolitan Avenue Sdn Bhd worth RM41.5mn.

Concrete Engineering Products Bhd has received a mandatory takeover offer from YTL Cement Bhd, a unit of YTL Corporation Bhd, at RM2.60 per share.

Dagang NeXchange Bhd plans to establish a Sukuk Wakalah programme of up to RM3.0bn to fund working capital, investments, debt repayment and capital expenditure for the group and its subsidiaries.

MGB Bhd has accepted a letter of award from Lien Dak Builders Sdn Bhd for the proposed development of centralised labour quarters in Seberang Perai Selatan, Penang, valued at RM200.7mn.

Willowglen MSC Bhd is disposing of its core remote building automation business to Elixir II Pte Ltd (Singapore) in a cash-and-share deal worth up to RM215.2mn.

Salcon Bhd has secured a RM80.4mn pipeline supply contract in Seberang Perai from Penang’s state-owned water corporation.

Maxim Global Bhd has accepted Islamic banking facilities worth RM54.0mn from AmBank Islamic Bhd.

MK Land Holdings Bhd has accepted a term loan facility of RM145.4mn and a revolving credit facility of RM3.0mn from BNP Paribas Malaysia Bhd.

Topmix Bhd is proposing to acquire two parcels of freehold vacant land in Johor Bahru, Johor, totalling 10,117 sq m, from Kesas Kenangan Sdn Bhd for a combined RM19.0mn.

NexG Bhd said two newly appointed directors, Mohamed Najib Ishak, the son of executive chairman Datuk Ishak Ismail, and Datuk Seri Muthanna Abdullah have resigned less than a month after joining the board.

NCT Alliance Bhd has appointed Ong Chou Wen as its new chief executive officer.

Zecon Bhd has appointed Tan Sri Amar Mohamad Morshidi Abdul Ghani as its independent non-executive chairman, effective April 1.