KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Inta Bina Group Bhd
is acquiring a 100% stake in Aliran Restu Sdn Bhd, which holds development rights to three parcels of land in Bandar Glenmarie, Selangor, for RM5mn.
Alliance Bank Malaysia Bhd is planning to raise up to RM600mn through a rights issue exercise, primarily to fund its general banking, financing and investing activities.
DRB-Hicom Bhd has been spared from a potential RM246.3mn tax bill after the Inland Revenue Board ruled in favour of the automotive-to-banking conglomerate’s appeal, reversing its decision to classify the gain from the disposal of its long-held stake in Alam Flora Sdn Bhd as income.
Nestlé (Malaysia) Bhd on Friday broke ground for a RM250mn integrated logistics hub in Port Klang.
Crest Builder Holdings Bhd has proposed a private placement of up to 30% of its share base to raise RM24.3mn to pay for borrowings and purchase building materials.
Capital A Bhd said the High Court has confirmed its issued share capital reduction and repayment, paving the way for the low-cost airline’s proposed distribution.
Genting Bhd has agreed to pay a fine of USD10.5mn (RM46.4mn) to the Nevada Gaming Commission as part of a settlement for a complaint against its Las Vegas resort.
Salcon Bhd plans to expand its healthcare and renewable energy segments by including them in its principal activities.
Erdasan Group Bhd, formerly known as AT Systematization Bhd, is suing its suspended executive director, Mak Siew Wei, for allegedly diverting RM46.5mn of company funds to third parties without valid justification.
Sarawak Consolidated Industries Bhd announced that its subsidiary, SCIB Properties Sdn Bhd, has terminated its RM30.7mn EPCC contract with Ennova Sdn Bhd for the DBKL Integrated Smart Lamp Pole Replacement project in Klang Valley.
Teladan Group Bhd has signed an MoU with Gezhouba Engineering and Nanyang Sea Silk Road to jointly develop the 270-acre Golden Valley Industrial Hub in Jasin, Melaka.
Aftermarket automotive parts and component reseller MSB Global Group Bhd aims to raise RM26.6mn from an IPO for the expansion of its business.
CelcomDigi Bhd announced the appointment of Jon Omund Revhaug as its deputy chairman and non-independent non-executive director, with immediate effect.
VS Industry Bhd’s net profit fell nearly 4% to RM15.4mn for its 2QFY25 from RM16.0mn a year ago, mainly due to a sharp contraction in foreign exchange gains, which fell to RM915,000 from RM12.8mn a year earlier.
