KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Capitaland Malaysia Trust
is acquiring three industrial properties in Senai Airport City for RM72mn from Gromutual Bhd’s subsidiary, Rainbow Entity Sdn Bhd.
Khazanah Nasional Bhd has identified three key pillars, which are customer experience, technology, and connectivity, to enhance Malaysia Airports Holdings Bhd’s future operations, according to Managing Director Datuk Amirul Feisal Wan Zahir.
Gamuda Bhd has inked an exclusive agreement with the Perak government to facilitate raw water transfer from Sungai Perak to Bukit Merah and develop related infrastructure for treated water distribution.
ITMax System Bhd’s 65%-owned subsidiary, Southmax Sdn Bhd, secured a 15-year contract to operate an outdoor parking system in Pontian, Johor, effective Feb 1, 2025.
Citaglobal Bhd has stated that it has no immediate plans to develop the 1.58-acre land at Jalan Tun Razak, Kuala Lumpur, which it is acquiring from Bank Islam Malaysia Bhd for RM73mn.
YTL Corp Bhd’s Singapore-listed unit, NSL Ltd, has been granted a four-month extension until June 6, 2025, to meet SGX’s 10% public shareholding requirement.
AMMB Holdings Bhd has approved a RM120mn financing facility for Huawei, reinforcing its role as a panel bank supporting the Chinese IT giant’s operations in Malaysia.
Hextar Industries Bhd’s independent non-executive chairman, Datuk Chan Choun Sien, has resigned due to other commitments.
KLCCP Stapled Group reported a 12% YoY increase in net profit to RM430.9mn for 4QFY24, up from RM384.6mn in 4QFY23, driven by full ownership of Suria KLCC Mall and higher fair value gains.
