KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.
MARC Ratings Bhd has downgraded YNH Property Bhd
's Islamic Medium-Term Notes Programme (Sukuk Wakalah) to BBIS with a negative outlook.
At Dataprep Holdings Bhd’s annual general meeting, shareholders rejected the reappointment of non-independent and non-executive chairman Datuk Mohd Rizal Jaafar, along with two independent directors, Abdul Aziz Ishak and Nur Zarina Ghazali.
Voultier Sdn Bhd, controlled by businessmen Datuk Wira Mubarak Hussain Akhtar Husni and Datuk Lai Keng Onn, has completed the acquisition of a 51% stake in financially troubled EA Technique (M) Bhd.
MyEG Services Bhd has announced the activation of its blockchain-based cross-border trade facilitation services after securing recognition of certificates from relevant authorities.
Johor Plantations Group Bhd, set to be listed on the Main Market of Bursa Malaysia on July 9, announced that the 50 mn new shares offered to the Malaysian public under its IPO have been oversubscribed by 2.18 times.
EPB Group Bhd, a one-stop food processing and packaging machinery solutions provider, is set to debut on the ACE Market of Bursa Malaysia on August 23.
Sapura Energy Bhd’s net profit dropped nearly 44% to RM82.13mn for 1QFY2025 from RM146.09mn the previous year, primarily due to a RM117.76mn loss from the liquidation of a subsidiary.
Crescendo Corp Bhd's net profit for 1QFY2025 surged to RM289.03mn from RM13.2mn in 1QFY2024, primarily due to land sales for a data centre in Nusa Cemerlang Industrial Park in Johor.
United Malacca Bhd reported a 77.8% increase in quarterly net profit to RM15.3 mn from RM8.6 mn a year earlier, driven by stronger revenue contributions from its main business segments.
