KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.
Genting Malaysia Bhd
said the lawsuit filed by RAV Bahamas Ltd, seeking over US$600.0mn in damages related to Resorts World Bimini's operations, will not materially impact the group's financial results or operations.
Varia Bhd’s wholly-owned subsidiary, Pembinaan Teguh Maju Sdn Bhd, has secured a RM571.8mn contract from Social Security Organisation to build a rehabilitation centre at Setiu, Terengganu.
SC Estate Builder Bhd and its consortium partner, JK Spark Sdn Bhd, plan to bid for Sabah’s large-scale solar power plant projects initiated by the Energy Commission of Sabah.
Salcon Bhd's wholly owned subsidiary, Salcon Engineering Bhd, has secured a contract worth RM18.5mn from LTE Engineers Sdn Bhd on behalf of F&N AgriValley Sdn Bhd.
AME Real Estate Investment Trust’s proposed acquisition of four factories in Johor for RM119.5mn has been deemed fair and reasonable by MainStreet Adviser.
Bintai Kinden Corp Bhd's wholly-owned subsidiary has signed a MoU with Henan Province Installation Group (Malaysia) Sdn Bhd to enhance tendering capabilities and jointly pursue construction projects in Malaysia.
LKL International Bhd announced a proposed joint venture with PT Fasilitas Teknologi Nusantara to expand into the Indonesian healthcare market.
Zecon Bhd has entered into a tripartite MoU with Sarawak Digital Economy Corp Bhd and Centre for Technology Excellence Sarawak Sdn Bhd for the development of the 3,000-acre Kota Petra Green Technology Park in Sarawak.
Alpha IVF Group Bhd is expanding into Indonesia, its largest foreign market, by opening its first satellite clinic in an upmarket Jakarta district.
Ancom Nylex Bhd reported a 36.5% drop in 1QFY2025 net profit to RM13.2mn, as its agricultural chemicals business was affected by higher freight costs due to geopolitical conflicts.
Malaysia Airports Holdings Bhd reported a 10.0% YoY increase in passenger traffic for 3Q2024, reaching 36.1mn passengers.
