KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia
Genting Bhd
said it is seeking legal advice following allegations by the Nevada gaming regulator that it failed to ban criminals from its Resorts World Las Vegas.
Privately owned rail construction company Dhaya Maju Infrastructure (Asia) Sdn Bhd has agreed to acquire up to a 51% stake in Pestech International Bhd at 15.5 sen each, totalling approximately RM160.1mn.
Bumi Armada Bhd announced that its wholly owned subsidiary, Bumi Armada Holdings Labuan Ltd, has secured syndicated facilities with a six-year tenor at an aggregate principal amount of up to US$400mn to refinance a RM1.5bn sukuk.
SBC Corporation Bhd is selling a 2.2-acre land in Kuala Lumpur for RM36.6mn to MEGX Holdings Sdn Bhd.
LKL International Bhd announced a partnership with Karl Group to explore and collaborate on hospital furniture manufacturing in the Philippines.
ITMax System Bhd has secured an additional RM539.5mn order from Kuala Lumpur City Hall to install 5,000 more surveillance cameras and video signages in Kuala Lumpur.
Parkson Retail Asia Ltd, a 68.0%-owned subsidiary of Parkson Holdings Bhd, has applied to exit the Singapore Exchange watch-list, as its average daily market capitalisation has surpassed the S$40mn threshold.
T7 Global Bhd announced its wholly-owned TSeven Shirley mobile offshore production unit has acheived its first oil production for the Nong Yao field, in the southern part of the Gulf of Thailand.
Steel Hawk Bhd, set to move to the ACE Market, aims to raise RM13.5mn through its transfer from the LEAP Market of Bursa Malaysia Securities Berhad.
Jadi Imaging Bhd is proposing to diversify its existing business to include the distribution and trading of consumer products with a focus on consumer electronics.
Petronas Chemicals reported a 24% increase in net profit for the 2QFY24, rising to RM777mn from RM628mn a year earlier, driven by higher sales volume and finance income.
CelcomDigi Bhd's net profit rose 18% in the second quarter to RM406.0mn, compared to RM342.5mn a year earlier, driven by lower depreciation charges and tax incentives.
MNRB Holdings Bhd’s net profit for its 1QFY24 surged 32.6% to RM92.2mn from RM69.5mn a year ago, driven by stronger reinsurance and general takaful businesses.
