KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Mitrajaya Holdings Bhd
announced that it has secured a contract worth RM151.99mn from the Northern Corridor Implementation Authority.
MARC Ratings warned on Friday that it may downgrade the rating of a toll concessionaire unit of Ekovest Bhd in the intermediate term, citing cash flow concerns.
Asteel Group Bhd, through its wholly-owned subsidiary Asteel (Sarawak) Sdn Bhd, has secured a RM61.2mn contract for roof and wall cladding at the EBP1A Hyperscale Data Centre located in Elmina Business Park, Selangor.
Straits Energy Resources Bhd plans to exit the port operation and management business by selling its entire 51% equity interest in Megah Port Management Sdn Bhd, the concessionaire of Labuan Liberty Port, to LPM Holdings Sdn Bhd for RM5mn in cash.
MN Holdings Bhd and Reservoir Link Energy Bhd's 51%-owned subsidiary are collaborating to bid for a solar project on Pulau Tioman, initiated by Tenaga Nasional Bhd.
Solarvest Holdings Bhd has entered into five corporate green power agreements under the Corporate Green Power Programme with a Malaysian multi-asset exchange, two global semiconductor companies, and a leading data centre service provider.
Ranhill Utilities Bhd, now under the ownership of YTL Power International Bhd, announced the resignation of four independent directors on Friday.
TMC Life Sciences Bhd is set to issue a notice of domestic inquiry against its suspended group CEO, Wan Nadiah Wan Mohd Abdullah Yaakob, after attempts at settlement through two show cause letters and a mediation process failed.
Swift Haulage Bhd reported a 14.3% decline in net profit to RM8.33mn for the 2QFY24, down from RM9.72mn in the same period the previous year, due to lower profit margins.
