KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Petronas Gas Bhd
is fully committed to fulfilling its obligations under the gas transportation agreement with the gas shipper, Gas Malaysia Bhd, after the fire that occurred at its main pipeline near Putra Heights on 1 April 2025.
Matrix Concepts Holdings Bhd is acquiring a 50.0% stake in Horizon L&L Sdn Bhd, the entire equity stake in Exoland Property Management Sdn Bhd, and 30.0% of Horizon L&L (SEL) Sdn Bhd for RM77.9mn cash.
Panasonic Manufacturing Malaysia Bhd said the gas supply disruption resulting from the Putra Heights fire is expected to impact the production of its fan and electric iron, resulting in an estimated loss of revenue of approximately 3.0%.
The High Court has dismissed an application by Hydroshoppe Sdn Bhd and its subsidiary, Menara Kuala Lumpur Sdn Bhd, for an ad interim injunction to halt the award of the KL Tower concession to LSH Service Master Sdn Bhd, a subsidiary of Lim Seong Hai Capital Bhd.
Northern Solar Holdings Bhd had signed a MoU with Chinese state-owned enterprise, Northwest Electric Power Design Institute Co Ltd, in seeking EPCC jobs for large-scale solar projects.
Fajarbaru Builder Group Bhd has bagged a RM63.7mn contract from S P Setia Bhd’s indirect wholly-owned subsidiary of Petaling Garden Sdn Bhd for construction works in Klang, Selangor.
DC Healthcare Holdings Berhad has proposed to acquire 2 units of 3-storey endlot shoplot at Mukim Petaling, Daerah Petaling, Negeri Selangor for a cash consideration of RM8.0mn.
KNM Group Bhd said MBSB Bank Bhd has withdrawn its lawsuit against its indirect subsidiary, Perwira Awan Sdn Bhd, which was filed over the default of a RM116.1mn Islamic financing facility.
Yong Tai Bhd is tying up with Taghill Holdings Bhd in a deal that will grant the latter exclusive rights to develop 2 blocks of serviced suites in Melaka with an estimated GDV of RM183.3mn.
ACE Market-bound MSB Global Group Berhad’s initial public offering of 30.5mn shares allocated for the Malaysian public has been oversubscribed by 6.5 times.
Aeon Credit Service (M) Bhd’s 4QFY25 net profit rose 10.1% YoY to RM131.0mn primarily driven by higher revenue and bad debt recoveries.
