KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
YNH Property Bhd
said Messrs UHY has completed an independent assessment of certain joint ventures and turnkey contracts involving its unit, Kar Sin Bhd. The final special independent review report is expected to be issued by March 17.
SMRT Holdings Bhd aims to reinforce its presence in key markets and industry verticals while seeking opportunities to expand into new segments by focusing on driving sustainable growth through targeted market penetration and product innovation.
ITMax System Bhd is well-positioned to secure additional contracts as Johor moves forward with a state mandate for a unified system integrating video surveillance, traffic light management, and parking systems.
Ancom Nylex Bhd has named Datuk Seri Dr Awang Adek Hussin as an independent non-executive director, effective Feb 17.
Malayan Banking Bhd has announced the immediate departure of its group CFO, Khalijah Ismail, following an internal inquiry.
Ranhill Utilities Bhd has appointed communication specialist Raja Datuk Zamilia Raja Mansur as an independent and non-executive director.
Chin Hin Group-linked Chiau Haw Loon and Chiau Haw Yew have become the third-largest shareholders of K Seng Seng Corp Bhd after acquiring a 5.4% stake via a direct business transaction.
RichTech Digital Bhd's shares tripled in value on their ACE Market debut on Monday, jumping from an IPO price of 25 sen per share to 75 sen.
Johor Plantations Group Bhd posted a 27.8% rise in 4QFY24 net profit to RM80.5mn from RM63.0mn a year earlier, driven by stronger average selling prices.
Teo Seng Capital Bhd’s net profit declined 3% to RM64.9mn in 4QFY24 from RM66.9mn a year ago, impacted by weaker performance in its poultry farming segment.
Focus Lumber Bhd saw its net loss widen to RM18.2mn for the financial year ended Dec 31, 2024 (FY24) from RM7.9mn the year before, primarily due to scheduled power plant major overhaul costs, higher log prices, a weaker production recovery rate, and provisions for slow-moving stocks.
