KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Investment management firm Vertical Theme Sdn Bhd is planning to seek approval in the coming weeks to start talks about selling its 29% stake in Alliance Bank Malaysia Bhd
to DBS Group Holdings Ltd, according to Bloomberg.
Jati Tinggi Group Bhd has won the tender for a RM25.5mn contract from Tenaga Nasional Bhd to lay underground double-circuit cables for a data centre in Selangor.
SBH Marine Holdings Bhd plans to acquire 7.3 acres of vacant industrial land in Seberang Perai Tengah, Penang, through a court-sanctioned auction for RM18.9mn in cash.
Tanco Holdings Bhd has proposed a bonus issue of up to 3.85bn new shares , based on seven bonus shares for every five Tanco shares held, to reward shareholders.
Hextar Industries Bhd has announced the soft opening of five Luckin Coffee outlets by the end of January 2025.
Sarawak Oil Palms Bhd is targeting revenue of RMB2.4mn (RM1.5mn) as its flagship product, AvantHealth Avtriee Tocotrienols, makes its debut in the Chinese market.
Silver Ridge Holdings Bhd announced on Thursday that it has resolved a legal dispute with subcontractor Wilstech Sdn Bhd over an RM1.4mn contract payment through mediation.
Sedania Innovator Bhd, which provides sustainable energy solutions as well as premium personal care and food supplements under the Tanamera brand, has hired Darren Choy to lead its fast-moving consumer goods business.
Ancom Nylex Bhd reported a 31% decline in net profit for the 2QFY25 to RM15.2mn, from RM22.1mn a year earlier, on elevated freight cost and sharp foreign exchange fluctuations that affected its gross profit margin.
TAS Offshore Bhd’s 2QFY25 net profit more than doubled to RM9.4mn from RM4.5mn a year ago, driven by improved performance of its shipbuilding activities where more vessels were completed and delivered to customers during the quarter.
