KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Sunway Bhd
has started the ball rolling for the initial public offer of its healthcare unit Sunway Healthcare Group, according to sources.
Arina, Sime Darby Property Bhd’s first single-storey linked homes in Bandar Ainsdale, achieved full take-up of all 118 units within hours of its launch on 18 January 2025. Arina is scheduled for completion in October 2026.
Power Root Bhd has been slapped with a lawsuit from Export-Import Bank of Malaysia Bhd for RM7.4mn over insurance claim payout dispute.
Jentayu Sustainables Bhd said the Securities Commission Malaysia has denied the group’s bid for an extension of time up to 26 March 2025, to complete its acquisition of three RE firms proposed in 2021.
The public portion of ACE Market-bound Northern Solar Holdings Bhd’s initial public offering has been oversubscribed by 73.2 times. The group had received 25,772 applications for 1.5bn shares valued at RM924.6mn.
TechStore Bhd, which provides hardware and software to businesses, has fixed its IPO price at 20.0sen/share ahead of its listing on the ACE Market of Bursa Malaysia.
Capitaland Malaysia Trust posted a 15.0% YoY rise in its net property income for the 4QFY24 to RM72.5mn on higher revenue contribution from the majority of CLMT’s properties, supported by stronger retail sentiment.
Sentral REIT posted a flat 1.3% YoY increase in NPI for 4QFY24 to RM36.7mn. Quarterly revenue increased 5.5% YoY to RM47.4mn, mainly due to higher revenue generated from Menara CelcomDigi, Sentral Building 3, Sentral Building 1 and Sentral Building 2.
AME Real Estate Investment Trust reported a 1.4% YoY increase in NPI for the 3QFY25 to RM11.7mn, thanks to contributions from a newly-acquired property and tenancy renewals at higher rates.
Gadang Holdings Bhd 2QFY25 net profit rose more than 5-fold to RM7.1mn, mainly due to a higher contribution from the Construction Division and the reversal of impairment losses on a joint ventures project.
Hua Yang Berhad 3QFY25 net profit declined by 4.3% YoY to RM2.3mn mainly due to completion of Aston Acacia, Bukit Mertajam in the quarter under review.
Aneka Jaringan Holdings Bhd reported a 68.5% YoY increase in net profit to RM2.1mn for the 1QFY25. Quarterly revenue rose 35.2% YoY to RM79.5mn. The Group’s total order book as at 30 November 2024 stood at RM217.4mn.
