Trading ideas: MN Holdings, SESB, AmanahRaya REIT, Ekovest, IWCity, Dayang, SAG, Ibraco, Pharmaniaga, MISC and RHB

Sabah Electricity Sdn Bhd (SESB) chief executive officer Mohd Yaakob Jaafar said Tenaga Nasional Berhad (TNB) remains the largest shareholder of the Sabah utility company.

AmanahRaya Real Estate Investment Trust (ARREIT) has completed the disposal of its 4-star Holiday Villa Beach Resort and Spa Langkawi with 238 rooms in Langkawi, Kedah to property developer Plenitude Bhd for RM145 million cash.

Ekovest Bhd and Iskandar Waterfront City Bhd (IWCity), two companies linked to tycoon Tan Sri Lim Kang Hoo, were among Bursa Malaysia’s most actively traded counters on Thursday.

Dayang Enterprise Holdings Bhd has secured a contract from Petronas Carigali Sdn Bhd for the provision of rectification works for asset integrity findings in relation to a package involving Sarawak Oil Asset.

Sports footwear and apparel maker Sinaran Advance Group Bhd (SAG), formerly known as K-Star Sports Ltd, has proposed to undertake a RM68 million capital reduction via cancellation of its issued share capital to eliminate its accumulated losses.

Ibraco Bhd, through its wholly-owned unit Ibraco Construction Sdn Bhd (ICSP), has partnered with two units of China Railway Group Ltd to incorporate Ibraco CREC JV Sdn Bhd (ICJVSB), a joint venture company to undertake infrastructure works for the Kuching Urban Transportation System (KUTS).

Pharmaniaga Bhd's stock price surged as much as 13.2% to 43 sen on Thursday, following the pharmaceutical company's signing of a seven-year concession agreement with the Ministry of Health (MOH) for medical supply logistics services.

MISC Bhd announced the appointment of Afendy Mohamed Ali as its new chief financial officer (CFO) on Thursday.