KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
MGB Bhd
has accepted a letter of award from LYK Architect Sdn Bhd for a property development project in Cameron Highlands, Pahang, valued at RM194.7mn.
Kumpulan Kitacon Bhd has secured a RM104.3mn contract for building works in Bandar Bukit Raja III, Klang, Selangor.
CIMB Group Holdings Bhd has committed RM3.6mn over two years to uplift underserved communities across four People’s Housing Projects, benefiting approximately 9,000 residents.
Fajarbaru Builder Group Bhd’s subsidiary, FBG Land Sdn Bhd, is raising its stake in Australian property developer Beulah Northcote Land Pty Ltd to 49% by subscribing to an additional 2.56mn ordinary shares for AU$2.56mn (RM7.14mn).
Pantech Global Bhd is unlikely to be impacted by US President Donald Trump’s proposed 25% tariff on all steel and aluminium imports says group managing director Adrian Tan.
Sarawak Consolidated Industries Bhd announced that its unit, SCIB Properties Sdn Bhd has filed a writ of summons against housing developer Awana JV Suria Saga Sdn Bhd, seeking legal recourse over alleged unauthorised loan drawdowns.
Divfex Bhd's 51%-owned subsidiary, Excel Commerce Solutions Sdn Bhd, has secured an RM18.5mn contract from Extreme Broadband Sdn Bhd to supply and install data center equipment systems.
Keyfield International Bhd's subsidiary, Keyfield Offshore Sdn Bhd, has secured two work orders worth RM56mn from Petronas Carigali Sdn Bhd.
TMC Life Sciences Bhd has appointed Datuk Dr Adzuan Abdul Rahman as its new group chief executive officer, succeeding Dr Melvin Heng Jun Li, who has been redesignated as a non-executive director.
Hup Seng Industries Bhd recorded a 26.7% YoY increase in net profit for 4QFY24, reaching RM17.34mn—the highest since its listing in 2000—driven by higher sales from its newly operational oven.
