KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Gamuda Bhd
is acquiring four plots of freehold agricultural land totaling 389 acres in Port Dickson, Negeri Sembilan, from West Synergy Sdn Bhd for RM424.4mn.
Bintulu Port Holdings Bhd has secured approval to operate Bintulu Port for another 12 months, under a third interim agreement covering Jan 1 to Dec 31, 2025.
Binasat Communications Bhd has signed an agreement to sell its 51% stake in Borderless Connection Sdn Bhd to Susjaya Sdn Bhd for RM5.9mn in cash.
LYC Healthcare Bhd plans to list its subsidiaries, HC Orthopaedic Surgery Pte Ltd and T&T Medical Group Pte Ltd, on the Nasdaq Capital Markets via LYC Healthcare (Cayman) Ltd.
Cahya Mata Sarawak Bhd has decided to abort its joint venture project to build a four-star hotel and serviced apartments in Kuching Isthmus, Kuching, Sarawak.
Malaysia Airports Holdings Bhd's Network Development Programme aims to attract airlines to Melaka International Airport by offering incentives like landing charge rebates, passenger growth rewards, and marketing support.
KLCC Property Holdings Bhd’s wholly owned subsidiary, Suria KLCC Sdn Bhd, has increased the size of its sukuk murabahah programme to RM2bn, up from RM600mn.
Permaju Industries Bhd has proposed to reduce its capital by up to RM258mn through the cancellation of issued share capital that is not supported by assets.
Mymbn Bhd, a bird's nest processor, reports it cannot fulfill RM2.5mn in orders to China due to a temporary export suspension.
Hextar Retail Bhd has canceled its agreement to acquire a 51% stake in Redina Malaysia Sdn Bhd, a shoes and clothing company, for RM35.7mn due to Redina reporting an unaudited loss after tax for the nine months ending Sept 30, 2024.
Datuk Foong Wei Kuong, managing director and controlling shareholder of JF Technology Bhd, has become a substantial shareholder of Cosmos Technology International Bhd.
KPJ Healthcare Berhad has named Prof Emeritus Datuk Dr Lokman Saim as its inaugural chief medical director.
Cypark Resources Bhd reported a net profit of RM2.3mn in 2QFY25, up from RM1mn last year.
