KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Conglomerate IJM Corp Bhd
has secured two contracts worth a total RM561mn to construct data centres in Johor and an industrial manufacturing facility in Penang.
Kerjaya Prospek Bhd via its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd has secured a RM275.3mn contract from Persada Mentari Sdn Bhd, an indirect subsidiary of Eastern & Oriental Bhd, for the completion of a building at Bandar Tanjung Pinang in the Andaman Island in Timur Laut, Penang Island.
Malaysia Airports Holdings Bhd recorded 12.4mn passenger movements in July, marking a 7.3% increase from the previous month and setting a new post-pandemic monthly high.
OCK Group Bhd, via its subsidiary EI Power Technologies Sdn Bhd, has secured three new data centre backup power solutions contracts valued at RM32.5mn.
Property developer Ecofirst Consolidated Bhd is acquiring a 4.5-acre piece of freehold land in Kajang for RM35mn to develop a mixed-use project, with an estimated gross development value of RM380.9mn.
CTOS Digital Bhd has upped its dividend policy payout, starting from the financial year ending Dec 31, 2024. The credit reporting firm said it targets to pay dividends in the range of 60% to 70% (from 60% previously).
Tex Cycle Technology (M) Bhd has proposed to acquire a 60% stake in Safety & Environmental Laboratory Sdn Bhd for RM8.4mn to enhance its environmental testing and compliance services.
LEAP Market-listed Sunmow Holding Bhd's joint-venture company has secured a RM1.0bn contract for road construction under the Sarawak-Sabah Link Road project. Sunmow holds a 70% stake in the JV, with Kemena Holding Sdn Bhd owning 30%.
VS Industry Bhd's shareholders have greenlit a bonus issue of up to 395.7mn new warrants on the basis of one warrant for 10 existing shares.
YX Precious Metals Bhd, a gold jewellery manufacturer and 70%-owned subsidiary of Tomei Consolidated Bhd, has received approval from Bursa Securities to transfer its listing from the ACE Market to the Main Market.
Batu Kawan Bhd and its 47.9%-owned subsidiary, Kuala Lumpur Kepong Bhd, reported higher earnings for the 3QFY24, driven by strong performance in the plantation segment.
Carlsberg Brewery Malaysia Bhd, having invested approximately RM200mn in capital expenditure over the past three years, is committed to further spending to future-proof its business.
Lagenda Properties Bhd will be looking to unlock the value of its land bank by building a robust, long-term development pipeline that will enable the group to strategically plan and execute projects that align with market demands.
Prolintas Infra Business Trust reported a net profit of RM4.0mn for the 2QFY24, down from RM14.6mn a year earlier due to higher finance costs and tax expenses.
Perdana Petroleum Bhd posted a net profit of RM34.7mn for the 2QFY24, a fourfold increase from RM8.7mn a year earlier, driven by higher vessel utilisation rates, better margins and a slight net foreign exchange gain.
