KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
A consortium led by Khazanah Nasional Bhd is revising the terms for its takeover offer for Malaysia Airports Holdings Bhd to lower the acceptance conditions to at least 85%.
7-Eleven Malaysia Holdings Bhd, 28.1%-owned by Berjaya Group founder Tan Sri Vincent Tan, is installing 100 cash recycling machines across its outlets nationwide.
Fajarbaru Builder Group Bhd has signed an agreement with Penang Development Corp for the first phase of the Penang Medi-City project in Batu Kawan where it will acquire a 51.2-acre Parcel 1 for RM111.5mn, funded via borrowings and internal funds.
Skyworld Development Bhd plans to diversify into manufacturing prefabricated and prefinished modular systems through a collaboration with Singapore’s Teambuild Holdings (S) Pte Ltd.
Datasonic Group Bhd has received one-year extensions for its contracts to supply Malaysian passports and polycarbonate biodata pages to the Immigration Department of Malaysia that amounted to RM57.2mn and RM93.3mn, respectively.
Mighty Alliance Sdn Bhd, linked to Scanwolf Corp Bhd managing director Eddy Seah Ley Hong, has launched a mandatory takeover offer at 54 sen per share after acquiring a 34.4% stake in the plastic extrusion maker.
WTK Holdings Bhd said a fire broke out at its unit’s tape manufacturing factory in Perai, Penang, on Jan 17 and preliminary estimate points to the impact on its earnings not being substantial and will be mitigated by adequate insurance coverage.
TDM Bhd has engaged Tawau Healthcare Sdn Bhd in a RM72.0mn contract to build and renovate a specialist hospital in Tawau, Sabah.
UUE Holdings Bhd has secured two contract renewals worth a total of RM27.5mn from Sutera Utama Sdn Bhd.
Mieco Chipboard Bhd is selling two leasehold industrial lands in Kawasan Perindustrian Gebeng, Kuantan, totaling 17.6 hectares with 638,767 sq ft of built-up area, to G-Force Sdn Bhd for RM40mn.
Maxland Bhd’s wholly owned units, Maxland Energy Sdn Bhd and Maxland Real Sdn Bhd, have partnered with GDC Data Sdn Bhd to develop a data centre in Kulim High-Tech Park, Kedah.
Chin Teck Plantations Bhd 1QFY25 net profit rose 56.7% YoY to RM32.6mn, lifted by higher prices and share of results of associates and joint ventures.