KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
AME Elite Consortium Bhd is selling four industrial properties in Johor to its 49.62%-owned unit AME Real Estate Investment Trust
for RM119.5mn.
AirAsia X Bhd reported a 42% increase in passenger traffic to 880,265 in the 2Q24 from 621,984 in 2Q23, driven by peak spring travel seasons and the Eid holiday.
Nationgate Holdings Bhd plans to issue 207.39mn new shares to raise RM429.3mn at a price nearly six times its initial public offering of 38sen per share, achieved just 19 months ago.
MN Holdings Bhd has secured a contract worth RM136.24mn to undertake power landing station works for a data centre service provider in southern Malaysia.
SC Estate Builder Bhd is forming a consortium to bid for projects with a total capacity of 2,000 megawatts under the fifth large-scale solar programme.
UEM Sunrise Bhd's disposal of its 80.4% stake in South Africa’s Roc-Union Proprietary Ltd has fallen through once more, as the buyer, Azishe Properties Proprietary Ltd, failed to fulfil its payment obligations.
Axteria Group Bhd, formerly known as Acoustech Bhd, has scrapped plans to jointly undertake a mixed development project with Alpha Astral Properties Sdn Bhd on land measuring 83,037 square meters in Johor Bahru.
Capitaland Malaysia Trust posted a 15.2% YoY jump to RM65.47 in its 2Q24 net property income due to most of the malls within its portfolio recording higher revenue.
British American Tobacco (Malaysia) Bhd reported a 23.7% drop to RM36.28mn in its 2Q24 net profit due to increased investments in growing its vaping brand, Vuse, in Malaysia.
United Plantations Bhd's net profit rose 17% YoY to RM185.94mn in the 2Q24 driven by higher profits from its plantation and refinery segments.
Gadang Holdings Bhd’s net loss narrowed to RM9.37mn in 4Q24, compared to RM27.7mn a year ago, thanks to increased revenue from its construction division.
