KUALA LUMPUR: Recent corporate news flow could be see increased trading interest in Lotte Chemical Titan, Muhibbah Engineering, Uzma, NWP, Optimax, Sapura Energy , Supermax and Suria Capital, said JF Apex Research.

       Lotte Chemical Titan said its US associate Lotte Chemical USA Corp (LC USA) has transferred an additional 3.23% of its equity interest in LACC LLC (which owns an ethane cracker plant in the southeastern US state of Louisiana) to Eagle US 2 LLC.

       The stake was sold for US$89.095mil (RM373.35mil).

       Muhibbah Engineering has secured purchase orders of RM50.3mil from Siemens Energy of Sweden and Houston.

       The engineering company said the two orders are for waste heat recovery units; Uzma has received a contract from ExxonMobil Exploration and Production Malaysia Inc.

       NWP has received a notice of demand from Seri Tiara Development Sdn Bhd, in relation to the outstanding rentals, service charges and late payment interest between Oct 2021 and Feb 2022, totalling RM2.6mil for a premise in Block A, Desa Commercial Centre.

       Optimax has proposed a bonus issue of up to 405 million shares on the basis of one bonus share for every existing share held.

       The company said the theoretical ex-bonus price of 59 sen was based on the five day volume-weighted average market price of RM1.18.

       Sapura Energy said five of its wholly-owned subsidiaries have been served with winding-up petitions by separate petitioners in relation to unpaid contract sums, settlement agreement sums and judgment sums.

       None of the subsidiaries are major subsidiaries as defined under Chapter 1 of the Main Market Listing Requirements.

       Supermax has aborted a plan to acquire two pieces of freehold land in Setia Alam, Selangor from S P Setia Bhd's subsidiary Bandar Setia Alam Sdn Bhd for RM73.49 million cash to build an operations headquarters for its wholly-owned subsidiary Maxter Glove Manufacturing Sdn Bhd.

       Suria Capital has signed a memorandum of understanding with Vandelay Ventures Sdn Bhd to develop the Sabah Maju Jaya Renewable Energy Industrial Complex at Sapangar Bay in Kota Kinabalu.

       The complex is expected be completed by 2025 and bring in an investment of RM700mil.