KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
DKSH Holdings
(Malaysia) Bhd, via its subsidiary DKSH Malaysia Sdn Bhd, has successfully debuted its medium-term notes issuance of RM300.0mn under its newly established commercial papers and MTN programmes, totalling RM800.0mn.
The Malaysian Anti-Corruption Commission has concluded its investigation into Able Global Bhd and its chief executive officer, Edward Goh Swee Wang, with a decision not to pursue prosecution against either party.
Pestec International Bhd has failed to stop an arbitration over a guarantee it gave for a now-terminated subcontract won by its unit for the Gemas-Johor Bahru double-track rail project.
Wisma Majujaya Sdn Bhd has filed a winding-up petition against Bina Puri Holdings Bhd at the High Court over Bina Puri’s failure to pay RM30.0mn awarded in a summary judgment earlier this year.
Jentayu Sustainables Bhd’s 70.0%-owned subsidiary Oriole Hydro Padas Sdn Bhd has entered into a 40-year power purchase agreement with Sabah Electricity Sdn Bhd for a 162MW run-of-river hydroelectric project at Hulu Sungai Padas in Sipitang, Sabah.
Systech Bhd has signed a collaboration with Beijing Daxing International Business Service Co Ltd and Permodalan Kedah Bhd to spearhead AI-driven cross-border digital integration and infrastructure development between Malaysia and China.
TXCD Bhd has submitted an application to Bursa Malaysia Securities Bhd for an extension of time, seeking an additional 6 months until 29 October 2025 to submit its regularisation plan.
Reach Energy Bhd will have its shares suspended with effect from 22 April 2025, and may be delisted on 24 April 2025, after Bursa Malaysia Securities rejected its third extension request to submit a regularisation plan.
Hock Soon Capital Bhd, a vertically integrated poultry farming group known for its production and sale of poultry eggs, is planning to list on the Main Market of Bursa Malaysia to raise funds to set up a new poultry farm.
OCI Holdings Co’s financial advisers have paused work on the potential listing of its Malaysian polysilicon business amid volatility in global stock markets, people familiar with the matter said.
Polymer Link Holdings Bhd, which is involved in the manufacturing of plastic powder for general and specialty applications, is seeking a listing on the ACE Market of Bursa Malaysia.
