KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
FGV Holdings Bhd
has launched the FGV Vendor Development Program to empower 300 local vendors and foster local economic growth in Malaysia.
Mah Sing Group Berhad announced that it has completed the acquisition of the 500-acre M Legasi freehold township in Semenyih. M Legasi is anticipated to have a gross development value of RM3.3bn.
The High Court of Kuala Lumpur has ordered Ireka Corporation Bhd to pay RM6.5mn plus costs to RHB Bank Bhd over subsidiary's payment default.
Berjaya Food International, the international arm under Berjaya Food Bhd, has been granted the rights to operate its Starbucks stores in Iceland, Denmark and Finland.
Jati Tinggi Group Bhd has accepted a letter of award from Gamuda Engineering Sdn Bhd worth RM33.8mn to perform engineering, procurement, construction and commissioning of horizontal directional drilling works for incoming power supply in Gombak, Selangor.
Handal Energy Bhd said a firm in which its group managing director Sunildeep Singh Dhaliwal is a substantial shareholder is suing the offshore crane services provider over an alleged unpaid payment of RM9.6mn.
Sasbadi Holdings Bhd has secured two contracts from the Ministry of Education to supply reprinted textbooks to schools, worth an estimated RM11.7mn.
Talam Transform Bhd has proposed to dispose of a piece of commercial leasehold land measuring 27.7 acres in Sepang to IJM Properties Sdn Bhd.
Plytec Holding Bhd has secured multiple sales contracts with a combined value of RM22.1mn.
Malayan Banking Bhd has appointed Chiam Sou Hong and Vittorio Furlan as independent non-executive directors effective Aug 5, 2024.
MISC Bhd has appointed Zahid Osman as its executive director, president and group chief executive officer with effect from Aug 16, 2024.
Notion VTEC Bhd logged an eleven-fold increase in net profit for 3QFY24 to RM20.3mn from RM1.8mn a year earlier, on the back of higher revenue.
