KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Asia Internet Holdings Sdn Bhd has ceased to be a substantial shareholder in Cuscapi Bhd
after reducing its stake by 5.3%.
Sarawak Oil Palms Bhd’s wholly-owned subsidiary is acquiring a parcel of land in Section 66 Kuching Town Land District, which includes a double-storey office cum workshop, for a total cash consideration of RM5mn.
AmBank Group has extended a RM498.6mn loan to Projek Tetap Teguh Sdn Bhd, a subsidiary of PTT Synergy Group Bhd, to support warehouse automation innovation in Valdor, Penang.
Permodalan Nasional Bhd's unit, Yayasan Pelaburan Bumiputra, has acquired the 5.02% substantial stake previously held by Yayasan Ekuiti Nasional in Icon Offshore Bhd.
Artroniq Bhd has proposed a private placement of up to 40.8mn new ordinary shares in Artroniq, representing up to 10% of the existing total number of issued shares.
V.S. Industry Bhd has allocated RM150mn in capital expenditure, primarily for a new facility in the Philippines, a factory acquisition in Indonesia, and maintenance capex in Malaysia.
Petra Energy Bhd's unit has secured a five-year contract from Petronas Carigali Sdn Bhd for Pan-Malaysia offshore maintenance, construction, modification, and hook-up and commissioning services.
Ecobuilt Holdings Bhd has until Jan 8 to submit its annual report for its financial year ended Aug 31, 2024, otherwise trading of the company’s securities will be suspended the following day.
Chin Hin Group Property Bhd has appointed Chang Tze Yoong as group CEO of its property development division effective Jan 1, 2025.
Swift Energy Technology Bhd, set to debut on the ACE Market next Wednesday, reported a net profit of RM5.2mn for 4QFY24 on revenue of RM29.3mn.
