KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
IOI Corporation Bhd
has allocated part of its aged plantation landbank in Johor to build a solar power plant, in a move to venture into the renewable energy sector, according to its managing director and CEO Datuk Lee Yeow Chor.
Gagasan Nadi Cergas Bhd will be enhancing its concession and facility management operations while further strengthening its student hostel asset management through a proposed strategic acquisition of a concession valued at RM185mn.
Xin Hwa Holdings Bhd has announced that its cargo transport unit has had its goods vehicle operator licence suspended by the Johor Baru Land Public Transport Agency for non-full compliance with the industrial safety code of practice.
T7 Global Bhd has secured a contract from ExxonMobil Exploration and Production Malaysia Inc for the provision of pan-Malaysia offshore maintenance, construction, modification and hook-up commissioning services.
TCS Group Holdings Bhd has secured a RM86.4mn contract from Sime Darby Property Bhd for the construction of 60 units of two-storey semi-detached factories at the Elmina Business Park in Sungai Buloh.
Aneka Jaringan Holdings Bhd has secured a RM39.0mn contract to undertake earthwork, piling, pile caps and contiguous bored piling works in Jalan Pantai Sentral, Kuala Lumpur.
HE Group Bhd announced that its major shareholders plan to sell a 4.5% stake to meet a Bumiputera equity requirement set by authorities.
Ann Joo Resources Bhd said its rights issue of 140.4mn shares with free detachable warrants has been oversubscribed by 31.4%.
Aimflex Bhd has filed a lawsuit against Kong Yeng Kein, seeking an outstanding RM3.95mn payment related to a 9.99 MW solar project in Manjung, Perak.
Fraser & Neave Holdings Bhd's net profit for the 4QFY24 dropped 38.2% YoY to RM85.0mn from RM137.6mn, impacted by higher tax expenses and increased withholding taxes on dividends repatriated from its Thailand operations.
