KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Dialog Group Bhd
is adding 150k m3 of storage for renewable and petroleum products at its Terminal Langsat 3 in Tanjung Langsat, Johor.
Kelington Group Bhd is acquiring the remaining 9.3% equity interest in industrial gas player Ace Gases Sdn Bhd for RM35.7mn in a related party transaction.
Datasonic Group Bhd's wholly owned unit has secured a two-year contract worth over RM21mn from the Ministry of Economy to rent out 818 vending machines for the implementation of the People's Income Initiative programme.
IHH Healthcare Bhd is ready to explore the feasibility of outcome-based payment models, citing results from its recent initiatives.
PMB Technology Bhd has proposed to undertake a renounceable rights issue of up to 266.8mn new ordinary shares on the basis of 6 rights shares for every 1 existing ordinary share held to raise around RM300mn.
Ekovest Bhd is disposing of another 4 parcels of land along Jalan Pahang in Kuala Lumpur, measuring a total of 2,286 sq. m., to Airman Sdn Bhd for RM9.8mn.
Paragon Globe Bhd is buying more land in Plentong, Johor Bahru, for RM35.0mn cash, as it looks to further enhance its presence in the state.
Genting Plantations Bhd’s wholly owned subsidiary, Benih Restu Bhd, has undertaken its first issuance of RM1.2bn in nominal value of Islamic medium-term notes.
MUI Properties Bhd has received unusual market activity query from Bursa Malaysia Securities due to sharp rise in its share price and trading volume.
The High Court has rejected South Malaysia Industries Bhd's leave application to commence a judicial review against the Securities Commission Malaysia.
Marine & General Bhd’s executive chairman and major shareholder, Tan Sri Mohammed Azlan Hashim, and his son Mohammed Zhakri Mohammed Azlan, have exercised a call option to acquire 3.2mn preference shares of Jasa Merin (Malaysia) Sdn Bhd, a 70%-owned subsidiary of the group.
Tune Protect Group Bhd has appointed How Kim Lian as its new group chief executive officer effective yesterday, succeeding Rohit Nambiar, who stepped down in May 2024.
PGF Capital Bhd's net profit rose 69.8% YoY to RM6.7mn in 1QFY25 on the back of a higher revenue of RM40.5mn, up 42.1% YoY from RM28.5mn in 1QFY24.
Ecofirst Consolidated Bhd’s net profit for 4QFY24 more than doubled YoY to RM41.5mn from a year earlier thanks to higher sales conversion rate for the KL-48 project.
