KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Malaysia Airports Holdings Bhd
has applied to Bursa Securities for the removal of its listing status from the Official List, as per Paragraph 16.07(a) of the Listing Requirements.
Perak Corp Bhd has signed a supplemental agreement for the Teluk Dalam land development, securing an entitlement of RM40.38mn.
Glomac Bhd has launched an Islamic medium-term notes programme with a nominal value of up to RM3bn intended for land acquisition, capital expenditure and working capital needs.
Sunway Bhd has formalised a master agreement for a RM2.6bn mixed-use development in Johor, located next to the Bukit Chagar station of the Johor Bahru–Singapore Rapid Transit System.
MN Holdings Bhd announced that its wholly-owned unit, MN Power Transmission Sdn Bhd, has reached a settlement with Bras Ventures Bhd, with a consent judgment recorded in the High Court.
Able Global Bhd has taken over the administrative and executive functions of executive chairman and executive director Ng Keng Hoe, who has been remanded by the Malaysian Anti-Corruption Commission.
Tanjung Offshore Services Sdn Bhd, a wholly-owned subsidiary of T7 Global Bhd, has secured a contract from EnQuest Petroleum Production Malaysia Ltd.
Tethystronics Technologies Co Ltd has won an arbitration case against Dagang Nexchange Bhd regarding board appointments in a joint venture.
VS Industry Bhd announced that its 20%-owned associate, NEP Holdings (M) Bhd, which manufactures water filtration systems, has been placed under liquidation.
CelcomDigi Bhd posted a net profit of RM1.38bn for FY24, down from RM1.55bn in the previous year due to one-off merger-related financial adjustments.
Dialog Group Bhd registered its first quarterly loss in 25 years, reporting a net loss of RM129.49mn for the 2QFY25, largely due to a one-off impairment of investments worth RM134.72mn and cost overruns in its EPCC segment.
ES Sunlogy Bhd posted a net profit of RM3.65mn for the 1QFY25, with revenue amounting to RM63.54mn.
Luxchem Corp Bhd’s net profit surged 60% to RM17.8mn for 4Q2024, up from RM11.08mn in the corresponding quarter last year, in tandem with higher revenue.
Mega Fortris Bhd posted a lower net profit of RM5.61mn for 2QFY2025, compared to RM8.23mn in the previous quarter.
