KUALA LUMPUR: Here is a summary of the corporate announcements that made headlines.
Kuala Lumpur Kepong Bhd
said that it had completed all reimbursements of recruitment and related fees in compliance with the group’s strict no-recruitment-fee policy.
Capital A Bhd said that the number of passengers it carried rose 17% YoY to 15.4mn in the 1Q24, on the back of strong travel demand during the school holidays and Chinese New Year.
AirAsia X Bhd’s passenger load factor rose to 83.0% in the 1Q2024, from 80.0% in the same period a year earlier, driven by robust travel demand.
UOA Development Bhd said it plans to launch 2 new projects worth an estimated RM2.7bn in gross development value this year.
YTL Hospitality REIT is planning to develop a hotel in Hokkaido, Japan, for an estimated total cost of RM199.0mn.
Malakoff Corporation Bhd has inked a partnership with China Northeast Electric Power Engineering & Services Co Ltd for technical manpower supply for the operation and maintenance of combined cycle power plant projects under NEPCS in Bangladesh.
Sapura Energy Bhd has landed a 5-year call-out contract from PTTEP Sabah Oil Ltd and PTTEP Sarawak Oil Ltd to provide underwater services.
Oppstar Bhd is collaborating with South Korea’s tech giant Samsung Electronics Co Ltd for the production of industrial ICs manufactured using Samsung’s 14 nanometre FinFET technology foundry process.
Saudi Arabia-based renewable energy giant ACWA Power has expressed interest in investing more than US$10.0bn in Malaysia over a 10-year period and some of the proposed projects are those to be undertaken through collaboration with Cypark Resources Bhd.
Gadang Holdings Bhd has called off its planned acquisition of a 21.1-acre land in Kwasa Damansara for RM114.8mn from Kwasa Development (3) Sdn Bhd after it failed to obtain a waiver of the Bumiputera equity requirement to facilitate its acquisition.
Tex Cycle Technology (M) Bhd has partnered with Evolusi Bersatu Sdn Bhd to invest RM100.0mn in Sabah’s first integrated scheduled waste management facility.
Opensys (M) Bhd, which makes automated teller machines, expects a revenue boost from an estimated 3,000 units of cash machines due for replacement in the next 3 years.
HHRG Bhd was slapped with a RM58.2mn suit by Ooi Chieng Sim, in relation to a loan given out by the former executive chairman to the company.
BSL Corporation Bhd saw Doris Wong Sing Ee emerge as its substantial shareholder after Wong acquired 97.0mn BSL shares, raising her stake in the company to 7.1%.
Kawan Renergy Bhd’s IPO is priced at 30.0sen/share and comprises a public issuance of 110.0mn new shares as well as an offer for sale of 34.5mn existing shares by way of private placement to selected investors.
Nestlé (Malaysia) Bhd's net profit for the 1QFY24 dipped 0.8% YoY to RM195.5mn due mainly to the impact of slightly lower sales, offset by proactive cost management initiatives as well as better commodity costs.
LPI Capital Bhd net profit surged 37.0% YoY to RM101.3mn in 1QFY24 on lower net expenses from reinsurance contracts held and higher investment income.
Ajiya Bhd recorded its second straight quarterly loss of RM12.7mn 1QFY24, versus a net profit of RM46.1mn a year ago, despite logging higher revenue.
