KUALA LUMPUR: Here is a recap of the announcements that made headline in Corporate Malaysia.
Axiata Group Bhd
has signed a definitive agreement with Sinar Mas to proceed with the proposed merger of PT XL Axiata Tbk and two other companies in Indonesia for a total purchase consideration of Rp11.9trn (RM3.3bn).
Mara Inc, the strategic investment arm of Mara Corp, and Privasia Technology Bhd are collaborating to develop a 10MW data centre in Bagan Datuk, Perak.
MyEG Services Bhd’s Zetrix blockchain platform has partnered with Astron-Xinghuo BIF to provide Chinese nationals and businesses with digital IDs and registration services for verification abroad.
After two months of maintenance shutdown, Petron Malaysia Refining & Marketing Bhd announced that its Port Dickson refinery has resumed operations in full.
AE Multi Holdings Bhd has proposed a RM156mn share capital reduction to offset accumulated losses, aiming to enhance its ability to declare future dividends and support growth.
Solid Automotive Bhd is acquiring a piece of freehold agricultural land measuring 4.687 acres in Klang, Selangor, from Top Glove Corp Bhd for RM15.9mn.
Camaroe Bhd, principally involved in the farming and processing of prawns, is seeking to list on the ACE Market of Bursa Malaysia.
Astro Malaysia Holdings Bhd made a net profit of RM46.9mn for its 3QFY25 as opposed to a net loss of RM47.1mn incurred in 3QFY24 due to lower net financing costs.
Eco World International Bhd has declared a final dividend of five sen per share for its FY2024 to be paid in January next year, as it managed to reduce its losses for the 4QFY24 to RM12.2mn from RM37.7mn in 4QFY23.
