KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Sunway Property Bhd, the property arm of Sunway Bhd
, has signed a memorandum of understanding with the Iskandar Puteri City Council to spearhead low-carbon initiatives within Sunway City Iskandar Puteri township's Low Carbon Zone in Johor.
Capital A Bhd said it no longer needs to carve out its branding business to achieve the positive equity position necessary to exit the Practice Note 17 status.
AirAsia X Bhd has released a detailed circular on the RM6.8bn acquisition of Capital A Bhd's entire equity stake in AirAsia Aviation Group Ltd and AirAsia Bhd for its shareholders’ review, ahead of an extraordinary general meeting on 16 October 2024.
Keyfield International Bhd has accepted 8 work orders worth RM130.3mn from PETRONAS Carigali Sdn Bhd for the provision of 6 accommodation workboats and 2 anchor handling tug and supply vessels.
Kuala Lumpur Kepong Bhd has formalised a memorandum of understanding with Alami Commodities Sdn Bhd for their joint venture to manufacture, sell and market palm oil and specialty fats.
Malaysia Airports Holdings Bhd has inked a memorandum of understanding with the Beijing Daxing International Airport to collaborate on airport management, technology and innovation.
Three of UEM Sunrise Bhd’s projects in Iskandar Puteri, Johor, with a combined gross development value of RM499.0mn, have been fully taken up during their respective previews.
KJTS Group Bhd's Thailand subsidiary KJTN Engineering Co Ltd has undertaken to provide retrofit work, operation and maintenance services for the chiller plant and supply chilled water at Centara Grand Mirage Beach Resort Pattaya in Thailand.
Reservoir Link Energy Bhd has secured a letter of award from Hibiscus Oil & Gas Malaysia Ltd, a subsidiary of Hibiscus Petroleum Bhd, for the provision of well leak diagnostic and remedial services.
Asia Poly Holdings Bhd is now buying a 35% stake in Zhen Xing Plastic Sdn Bhd for RM7.5mn in cash.
Farlim Group (Malaysia) Bhd is selling a leasehold housing scheme in Gopeng, Perak, to Gabong Holdings Sdn Bhd for RM33.0mn.
Ivory Properties Group Bhd's wholly owned subsidiary, Ivory Gleneary Sdn Bhd (IGSB), has appointed interim liquidators to initiate the winding-up of the company as part of its regularisation plan.
SNS Network Technology Bhd 2QFY25 net profit fell 29.7% YoY to RM6.4mn dragged down by lower revenue alongside higher selling and distribution costs and higher marketing expenses.
LB Aluminium Bhd 1QFY25 net profit surged more than doubled YoY to RM8.9mn while quarterly revenue jumped 35.9% YoY to RM279.8mn, underpinned by stronger contributions from both its aluminium and property businesses.
MCE Holdings Bhd 4QFY24 net profit rose 40.7% YoY to RM4.1mn mainly due to lower direct costs resulting from enhanced operational efficiencies, along with a rise in other income.
