KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Malayan Banking Bhd
is considering options including buying out Ageas SA’s 31.0% minority stake in Etiqa, as Malaysia’s biggest lender seeks to boost the value of the Southeast Asian insurer, according to people with knowledge of the matter.
Asia Digital Engineering, Capital A Bhd's maintenance, repair, and overhaul arm, is expanding into Vietnam after receiving Vietnam’s Civil Aviation Authority’s approved maintenance organisation certification.
Sapura Energy Bhd said it has accepted the terms and conditions set forth by its multi-currency financing creditors for the proposed disposal of its 50.0% stake in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS for USD705.3mn.
Paragon Globe Bhd has secured the rights to develop 67.4 acres of land in Iskandar Puteri, Johor, for a residential project with an estimated GDV of RM733.1mn.
Atlan Holdings Bhd's 75.5%-owned subsidiary Duty Free International Ltd said it is not satisfied with the RM69.9mn compensation for two pieces of land in Bukit Kayu Hitam, Kedah, which Malaysia's Ministry of Home Affairs has compulsorily acquired.
Fajarbaru Builder Group Bhd explained that it withdrew from the Residensi Cemara affordable housing development in Putrajaya due to a change in requirements by Perbadanan Putrajaya.
Tiong Nam Logistics Holdings Bhd announces a share dividend to reward its shareholders, on the basis of 1 treasury share for every 40 existing shares held.
PMB Investment Bhd and Bank Islam Malaysia Bhd signed a MoU to establish a strategic collaboration aimed at expanding Shariah-compliant investment opportunities.
Solarvest Holdings Bhd said its 30.0%-owned unit Selarong Pertama Energy Sdn Bhd has received approval from Tenaga Nasional Bhd to operate as a merchant generator to sell energy to the single buyer from a 30.0MW facility to be built in Kulim, Kedah.
Seremban Engineering Bhd said it has been served with a counterclaim for RM24.9mn in a lawsuit related to a manufacturing plant project in Bandar Enstek, Negeri Sembilan.
T7 Global Bhd has received a letter of award from IPC Malaysia BV for the provision of maintenance, construction, modification, and hook-up & commissioning services under the B3 Package across Pan-Malaysia.
The JV between Carimin Petroleum Bhd’s wholly owned subsidiary and Evolusi Bersatu Sdn Bhd has bagged a contract to provide Pan-Malaysia maintenance, construction, modification and hook-up commissioning services for Package B9 from Kebabangan Petroleum Operating Co Sdn Bhd.
Jati Tinggi Group Bhd has proposed to raise RM14.1mn via a private placement to fund new projects.
MCE Holdings Bhd plans to raise up to RM26.5mn via a private placement of shares to partly finance a new manufacturing factory in Serendah and projects it has secured.
Heineken Malaysia Bhd's net profit jumped 28.6% YoY to RM112.3mn in 3QFY24, from RM87.3mn a year earlier, lifted by higher revenue and effective cost management.
Kelington Group Bhd’s net profit jumped 3.9% YoY to RM32.9mn for 3QFY24, from RM31.7mn a year ago, underpinned by a strategic focus on revenue composition and a favourable project mix, along with contributions from the industrial gases division.
