KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.
Malayan Banking Bhd
has expanded its decarbonisation efforts by including the automotive and commercial real estate sectors to its transition strategy. This brings the total number of sectors with net zero targets by 2030 to six.
Hong Leong Bank Bhd is banking on the partnership between its Singapore-based sister company, GuocoLand Ltd, and UEM Sunrise Bhd to support businesses in the Johor-Singapore Special Economic Zone.
Sime Darby Properties Bhd remains confident in its data centre business despite concerns over US semiconductor tariffs and artificial intelligence chip export restrictions, citing exemptions for US companies operating in Malaysia.
WCT Holdings Bhd has secured approval from the Securities Commission for the establishment and listing of Paradigm Real Estate Investment Trust on the Main Market of Bursa Malaysia.
UEM Edgenta Bhd has secured a RM40.4mn recurrent, related-party contract to provide traffic management plan and control services for two sections of the Kuala Lumpur-Karak Highway.
Pantech Global Bhd is accelerating its international expansion, targeting high-growth markets in North Africa and South America after listing on the Main Market of Bursa Malaysia today.
Asian Pac Holdings Bhd’s wholly-owned subsidiary Primadana Utama Sdn Bhd is buying the Jaya Shopping Centre in Petaling Jaya, Selangor, for RM100mn, cash.
Exsim Hospitality Bhd has secured five contracts worth a combined RM127.9mn for design, renovation and fit-out works across multiple property developments.
Pecca Group Bhd is exploring a potential joint venture with Zhejiang Tenchen Controls Co Ltd, a Shanghai Stock Exchange-listed seat supplier for the innovation, development, and production of seats and accessories for the automotive sector.
Nestcon Bhd has proposed to diversify into property development through a JV serviced apartment project in Petaling Jaya Selatan, Selangor, to expand its revenue streams.
Betamek Bhd, an original design manufacturer, considers Thailand and Vietnam as key markets in the automotive sector and is currently engaging with several companies to explore potential collaborations.
Barakah Offshore Petroleum Bhd is seeking a new buyer for its Kota Laksamana 101 barge as it has cancelled its plan to sell the vessel to PT Wintermar Rajawali Asia after the preliminary agreement they inked for the deal lapsed on February 28.
Handal Energy Bhd's wholly-owned subsidiary Handal Hospitality Sdn Bhd has signed a memorandum of agreement with Hartanah Azzahrah Sdn Bhd to facilitate the acquisition of two hospitals worth at a price of not less than RM69mn.
Eden Inc Bhd, through its wholly-owned subsidiary, Stratavest Sdn Bhd, has entered into a new power purchase agreement with Sabah Electricity Sdn Bhd.
Digital media and advertising group Catcha Digital Bhd plans to continue to expand via mergers and acquisitions, and may spend more than the RM80mn it set aside in September last year for this purpose.
Petra Energy Bhd has announced the appointment of Tan Sri Ahmad Nizam Salleh as its new independent and non-executive chairman, effective immediately.
SFP Tech Holdings Bhd has decided to withdraw its plan to transfer to the Main Market of Bursa Malaysia after falling into the red in its latest financial quarter.
