KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
IJM Corp Bhd
said on Wednesday it has secured a 143-year leasehold interest in 25 Finsbury Circus — formerly known as 1-5 London Wall Buildings — for £72.5mn (RM407.9mn) from private equity firm TPG Angelo Gordon.
The Kelantan government has decided to take over development of the RM64 million Kota Baru Integrated Bus Terminal, known as KB Sentral, after failing to reach a deal with developer Perak Transit Bhd.
Capital A Bhd is reigniting its plans to list its brand management arm, Abc International, in the US, with its valuation reportedly doubling from the initial US$1.2bn (RM5.1bn), according to chief executive officer Tan Sri Tony Fernandes.
Pecca Group Bhd is acquiring a piece of leasehold vacant industrial land in Serendah, Selangor from Saraya Glove Industries Sdn Bhd for RM17.4mn, to support its expansion plans.
MN Holdings Bhd has bagged a data centre power infrastructure project worth RM168.9mn from an international operator.
Perdana Petroleum Bhd has secured a work order from Sarawak Shell Bhd for the charter of 2 accommodation work barges for an undisclosed sum.
Critical Holdings Bhd has secured 2 engineering contracts worth a total of RM84.7mn.
Powerwell Holdings Bhd has proposed to acquire a 51.0% stake in Firerex Technology Sdn Bhd and Brandrich Fire Solutions Sdn Bhd for a total of RM4.2mn.
MCE Holdings Bhd has won a RM22.1mn contract to supply mechatronics components to US-based automotive supplier JVIS USA LLC for a car model in the US market.
KNM Group Bhd has obtained a court convened creditors meeting order, paving the way for discussions on a proposed scheme of arrangement aimed at steering the financially troubled company towards recovery.
Pertama Digital Bhd has formed a strategic collaboration with Netsec Sdn Bhd to enhance the security, resilience, and performance of digital platforms serving both the government and private sectors.
Bermaz Auto Bhd net profit in 3QFY25 plunged 66.0% YoY to RM24.1mn as quarterly revenue declined by 32.8% YoY to RM602.1mn, its weakest since 2QFY22.
Scientex Bhd net profit in 2QFY25 declined by 12.1% YoY to RM124.0mn mainly due to intense market competition in the industrial packaging products.
