KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Malaysian Resources Corp Bhd has entered a land swap deal with Cyberview Sdn Bhd, the master developer of Cyberjaya. MRCB's subsidiary, MRCB Land, is selling its 70% stake in CSB Development Sdn Bhd to Cyberview for RM219.0mn in cash.
Sapura Energy Bhd
clarified that it has not been contacted by the MACC regarding a probe into alleged bribery and fund misappropriation involving the company.
Solarvest Holdings Bhd has secured a RM401mn engineering, procurement, construction and commissioning contract for Tenaga Nasional Bhd’s 500MW solar farm in Bukit Selembau, Kedah.
Focus Point Holdings Bhd has proposed a one-for-three bonus issue, alongside a dividend reinvestment plan and a share grant plan, aimed at enhancing shareholder value and incentivising employees.
Envitech Sdn Bhd, a 60%-owned subsidiary of Salcon Engineering Bhd, which is in turn a wholly-owned subsidiary of Salcon Berhad, had accepted two letters of award to redevelop wastewater treatment plant and wastewater infrastructure worth RM99.8mn.
Rohas Tecnic Bhd has entered into a binding term sheet with South Korea-based Korea Water Resources Corporation to sell its 30%-owned Vietnamese unit Phu My Vinh Construction and Investment Corporation for RM87.1mn.
Jentayu Sustainables Bhd has aborted its acquisition of hydro assets in Sabah — Senja Optima Sdn Bhd, Telekosang Hydro One Sdn Bhd and Telekosang Hydro Two Sdn Bhd — having inked the deals more than three years ago in September 2021.
Catcha Digital Bhd has finalised the acquisition of a 51% stake in DS Services Sdn Bhd for RM23.0mn cash after more than two years of negotiations.
HHRG Bhd’s shareholder, Digital Trustees Bhd, has requested an EGM to remove five of the company’s directors from the board and appoint three new members.
Dutch Lady Milk Industries Bhd has named Veronika Winanti Wahyu Utami as its new managing director, effective from April 15, 2025.
AmanahRaya Real Estate Investment Trust has officially appointed acting managing director Mohd Iskandar Dzulkarnain Ramli as MD of AmanahRaya Kenedix REIT Manager Sdn Bhd, effective immediately.
Poh Huat Resources Holdings Bhd saw its first-quarter net profit fall 8.0% to RM9.5mn from RM10.3mn a year earlier, due to higher material costs and factory overheads, amid lower capacity utilisation in its Vietnam factories.
