KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Malakoff Corporation Bhd
has completed its acquisition of ZEC Solar Sdn Bhd and TJZ Suria Sdn Bhd, which will immediately increase the group’s effective capacity to 159MW in the renewable energy sector and optimise operational costs through resource synergies.
Lembaga Tabung Haji has emerged as a substantial shareholder of optical retail chain operator Focus Point Holdings Bhd with a total stake of 5.02% or 23.2mn shares.
Compugates Holdings Bhd has teamed up with property developer CPG Puncak Sdn Bhd to undertake a mixed-use development on a 14.5-hectare land in Cyberjaya with an estimated gross development value of RM1.4bn.
Citaglobal Bhd has proposed to acquire a 1.6-acre piece of leasehold land along Jalan Tun Razak in Kuala Lumpur for RM73.0mn from Bank Islam Malaysia Bhd.
Awanbiru Technology Bhd has entered into eight separate sale and purchase agreements with Puncak Hartanah Intelek Sdn Bhd to dispose of an eight-storey office building for RM25.0mn.
Lebtech Bhd has secured two separate contracts worth a total of RM26.4mn for the development of 104 two-storey terrace houses in Shah Alam, Selangor and various components of construction and water-related works in Klang, Selangor.
DXN Holdings Bhd is terminating its plan to develop a medicine facility and a wellness centre in Malaysia due to a lack of progress and failure to achieve the expected benefits.
Public Bank Bhd is extending repayment relief for loan and financing customers who have been affected by the present floods in Sabah and Sarawak.
Hong Leong Bank Bhd announced a comprehensive flood relief assistance programme to support customers in Sabah and Sarawak affected by the recent floods.
Lagenda Properties Bhd remains upbeat on the outlook of the affordable housing segment in Malaysia, underpinned by consistent, high demand for such properties.
Scomi Energy Services Bhd’s executive director Amirul Azhar Baharom has resigned from his post “to pursue personal interest” with immediate effect.
Cypark Resources Bhd’s floating solar plant Danau Tok Uban 1 in Pasir Mas, Kelantan, has achieved its commercial operations date with generation capacity of 30MW.
Smile-Link Healthcare Global Bhd is in the process of selecting a new auditor to finalise its financial statements for the period ended June 30, 2024.
Vizione Holdings Bhd slipped into the red with a net loss of RM79.7mn for 2QFY25, reversing from a net profit of RM243,000 a year ago, due to an RM80.0mn impairment of goodwill on consolidation of its shares during the quarter.
