KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.
Gamuda Bhd
's joint venture with French rail engineer Alstom SA in Australia has secured a contract worth AUD1.6bn for the supply and maintenance of a new automatic train control system on Perth’s suburban rail networks.
A planned sale and purchase agreement between Sarawak and Affin Bank Bhd’s biggest shareholder — the Armed Forces Fund Board — has been delayed, sources said.
Haily Group Bhd has secured a RM76.7mn contract to construct 171 units of link houses in Kempas Baru, Johor Bahru.
Sunview Group Bhd has entered into a heads of terms agreement with Uzbekistan to develop solar photovoltaic power plants and a battery storage energy system.
T7 Global Bhd said the High Court has ruled in favour of its wholly-owned unit Tanjung Offshore Services Sdn Bhd in its dispute with consortium partner VME Process Systems Malaysia Sdn Bhd and ordered the latter to refund the USD5.5mn as per the statement of claim.
AmanahRaya Real Estate Investment Trust has signed a 18-year long-term tenancy agreement with Alfa International College Sdn Bhd for its property in Subang Jaya.
Samaiden Group Bhd has established multi-currency sustainability sukuk Wakalah programmes of RM1.5bn in total as part of its strategic financial initiative to support growth and sustainability.
Sarawak Consolidated Industries Bhd said it has secured Islamic banking facilities worth RM70mn from SME Bank.
Sapura Resources Bhd’s wholly-owned subsidiary Sapura Aero Sdn Bhd has entered into a memorandum of understanding with MRO Sdn Bhd to establish a joint venture to provide aircraft and other aviation-related services.
Ancom Nylex Bhd’s net profit for its 4Q24 grew 1.4% to RM18.4mn from RM18.2mn a year ago while revenue increased 1.8% to RM487.0mn from RM478.3mn.
Well Chip Group Bhd, which is set to be listed on the Main Market of Bursa Malaysia next Tuesday, said its net profit for the 1Q24 came in at RM11.9mn.
