KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Bursa Securities has rejected FGV Holdings Bhd
's application for a further six-month extension to comply with the public shareholding spread requirement.
Guocoland (Malaysia) Bhd has lodged its proposed RM500.0mn medium-term notes programme with the Securities Commission Malaysia under the lodge and launch framework.
SEG International Bhd has launched a virtual learning platform that offers SEGi University students a 3D virtual version of the university campus, enabling real-time interaction with lecturers, peers and learning resources from anywhere in the world.
Sapura Energy Bhd had secured an investment of up to RM1.1bn from Malaysia Development Holding Sdn Bhd, a special purpose vehicle under the Minister of Finance (Inc), through a conditional funding agreement.
Niche Capital Emas Holdings Bhd has proposed to undertake a bonus issue of warrants, offering 1 warrant for every 2 existing ordinary shares held by entitled shareholders on an entitlement date to be determined later, and a private placement of up to 20.0% issued shares.
ES Sunlogy Bhd has been awarded a contract worth RM34.0mn to develop a 29.99 megawatt large-scale solar photovoltaic system under the Corporate Green Power Programme.
Globaltec Formation Bhd is letting go of its 30% stake in the Muara Enim 2 production sharing contract that explores and extracts coal bed methane in Indonesia.
Silver Ridge Holdings Bhd is not aware of any corporate development that would have caused the unusual market activity in its shares.
Erdasan Group Bhd has suspended Mak Siew Wei from all his duties, powers, and obligations as executive director of the group and its subsidiaries, pending further enquiry into possible dubious transactions that took place in the year 2020 and 2021.
Scientex Packaging (Ayer Keroh) Bhd’s 2QFY25 net profit rose 16.6% YoY to RM9.4mn, driven by a better sales mix and improved operational efficiency.
KESM Industries Bhd posted its third straight quarterly net loss of RM3.0mn in the 2QFY25 compared to a net profit of RM138.0k in the previous year, due to continued weak demand for automotive chips.
Saliran Group Bhd, which is scheduled for listing on the ACE Market this Thursday, posted a RM3.7mn net profit for the 4QFY24.
