KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Kerjaya Prospek Group Bhd
’s subsidiary, Futuprop Sdn Bhd, has partnered with Aspen Vision Development Sdn Bhd for a mixed development on 36 acres in Seberang Perai Tengah, Penang.
TCS Group Holdings Bhd is working with the developer and consultants to investigate cracks at the J Satine mixed development project after the Kuala Lumpur City Hall has ordered a halt in all construction activities at the condominium project in Wangsa Maju.
DXN Holdings Bhd’s substantial shareholder Gano Global Supplements Pte Ltd has trimmed its stake in the direct selling company to 8.8% after disposing of a 4.5% stake in a direct business deal.
TMC Life Sciences Bhd has received special notices from major shareholders, Sasteria (M) Pte Ltd and Tunku Ismail Ibni Sultan Ibrahim, to requisition an EGM for the immediate removal of Wan Nadiah Wan Mohd Abdullah Yaakob.
Ecoscience International Bhd has bagged a RM200mn construction job to undertake a TG2 pellet plant in the Gebeng industrial area in Kuantan, Pahang.
KTI Landmark Bhd has won a sub-contract under the Armed Forces Family Housing construction project at the Labuan Air Base, worth RM50mn.
Destini Bhd has secured a contract worth RM33.1mn from the Ministry of Defence for comprehensive maintenance services for airborne safety and survival equipment.
Azam Jaya Bhd aims to expand beyond Sabah, identifying Sarawak and Kalimantan as key growth markets, and is planning to tender for more phases of the RM29bn Pan Borneo Highway project.
Xin Hwa Holdings Bhd said a three-month suspension of its cargo transport unit's licence is expected to impact about 4% to 5% of the group's annual revenue, with losses estimated at around 21% — being the gross profit that it would have made from the affected revenue.
Mega Fortris Bhd anticipates minimal impact from a potential 10% tariff on its products in the US, its second-largest market.
Loss-making group Carzo Holdings Bhd has announced the immediate cessation of its core business of distributing fresh fruits and fruit products amid consecutive net losses and a negative cash flow position.
CTOS Digital Bhd’s net profit gained 13% YoY to RM27.6mn for the 3QFY24, thanks to higher sales and better tax incentives.
Southern Steel Bhd's net loss narrowed to RM25.7mn for the 1QFY25, from RM39.6mn a year earlier, thanks to improved margins from favourable input cost.
