KUALA LUMPUR: Here is a recap of the announcements making headlines in Corporate Malaysia.
Magni-Tech Industries Bhd
, which saw its net profit jump 33.6% in the fourth quarter ended April 30 (4Q24), remains cautiously optimistic for the financial year ending April 30, 2025 (FY25).
IOI Properties Group Bhd (IOIPG) has received a letter of proposal from group chief executive officer and substantial shareholder, Lee Yeow Seng, to participate in the joint development of “Shenton House” in Singapore.
Kenanga Investment Bank Bhd has received approval from Bank Negara Malaysia to raise its stake by 15.2% in Merchantrade Asia Sdn Bhd, the country’s largest money services business operator.
Astro Malaysia Holdings Bhd‘s net profit increased by 7% to RM17.01 million for the first quarter ended March 31, 2024 (1QFY2025), up from RM15.9 million in the same period last year, due to lower net financing costs.
Gamuda Bhd’s net profit rose 5.5% to RM235.8 million for the third quarter ended April 30, 2024 (3QFY2024), from RM223.37 million a year earlier, as it registered higher contributions from overseas projects.
Keyfield International Bhd has engaged two Chinese companies to build an accommodation workboat at a cost of US$30.5 million (RM143.7 million).
TRC Synergy Bhd has secured a RM125 million contract to perform scheduled and corrective maintenance work at the Royal Malaysian Navy submarine base in Kota Kinabalu, Sabah.
Ramssol Group Bhd has proposed to acquire a 51% stake in a Thailand-based generative artificial intelligence (AI)-powered consulting software company for RM6.93 million.
YGL Convergence Bhd, whose share price climbed to its highest level in three years on Tuesday said it is not aware of any possible explanation for the unusual market activity (UMA).
