KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
IJM Corp Bhd
is acquiring a 50% stake in UK-based construction firm JRL Group Holdings Ltd for £50mn to expand into the UK and enhance its core construction capabilities.
RHB Investment Bank Bhd is exiting Thailand’s stockbroking and securities market with plans to divest 99.95% of its stake in RHB Securities (Thailand).
Affin Bank Bhd saw 647.13mn shares (26.96% stake) traded off-market on Monday for RM1.78bn, at prices between RM2.46 and RM2.84 per share, reflecting a 17%-4.05% discount to its last closing price of RM2.96.
The Indonesian affiliate of MR DIY Group (M) Bhd is set to list in Jakarta through an IPO aimed at raising up to IDR4.7tn (US$297mn or RM1.3bn), marking Indonesia's largest IPO in over a year.
Haily Group Bhd has received a letter of award from Permas Jaya Sdn Bhd for the construction and completion of two phases of a residential project in Johor Baru, Johor, valued at RM115.1mn.
Infomina Bhd secured a purchase order worth RM27.3mn in the Philippines to provide technology application and infrastructure operations, maintenance, and support services to Land Bank of the Philippines until Nov 30, 2027.
Radium Development Bhd, through its indirect wholly-owned subsidiary Radium J Velodrome Sdn Bhd, entered into a conditional sale and purchase agreement to acquire three parcels of leasehold land in Cheras for RM458mn.
Key Asic Bhd has secured a major application-specific integrated circuit design service contract with R Company, valued at over RM10mn for a duration of three years.
TMK Chemical Bhd has launched its prospectus for its Main Market initial public offering, targeting to raise RM385mn.
Topvision Eye Specialist Bhd plans to raise RM17.9mn through its IPO, priced at 33 sen per share, as it transitions from the LEAP Market to the ACE Market of Bursa Malaysia.
KPJ Healthcare Bhd achieved record revenue of RM1.03bn in 3QFY24, up from RM906.9mn YoY, driven by higher patient volumes and expanded bed capacity but net profit declined to RM86.0mn from RM91.8mn.
Petronas Dagangan Bhd posted a net profit of RM335.1mn for 3QFY24, an 81.4% YoY increase from RM184.7mn, supported by strong margins and lower purchase premiums.
KLCCP Stapled Group posted a higher net profit of RM206.5mn in 3QFY24, up from RM185.3mn in the same period last year.
S P Setia Bhd saw a 93% YoY jump in its 3QFY24 net profit to RM100.0mn, driven by higher land sale profits that offset losses from the Battersea Power Station project and reduced contributions from Australia.
IOI Properties Group Bhd started its financial year 2025 on a challenging note, with a 60.3% YoY decline in net profit to RM69.2mn for the 1QFY25.
Malaysian Pacific Industries Bhd posted a net profit of RM30.1mn for 1QFY25, nearly doubling from RM16.5mn in 1QFY24, aided by higher revenue and lower operating expenses despite FX challenges.
Lay Hong Bhd reported a more than sevenfold YoY increase in net profit for 2QFY25, rising to RM29.8mn from RM4.0mn previously, driven by higher earnings across all segments.
Hong Leong Industries Bhd recorded a 60.3% YoY rise in 1QFY25 net profit to RM140.6mn, supported by higher motorcycle sales and a RM12.6mn land disposal gain.
Deleum Berhad achieved its highest quarterly net profit since listing, with 3QFY24 earnings more than doubling to RM25.1mn.
Solarvest Holdings Bhd reported a 28.1% YoY increase in 2QFY25 net profit to RM9.2mn, supported by improved margins in its commercial and industrial segments due to reduced solar panel costs.
Gas Malaysia Bhd posted a higher net profit of RM115.99mn for 3QFY24, compared to RM86.16mn in the same quarter last year.
