KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Main Market-bound Eco-Shop Marketing Bhd
aims to raise RM419.9mn via an initial public offering, which comprises 347mn new shares at a retail price of RM1.21 apiece.
S P Setia Bhd has lodged documents with the Securities Commission Malaysia to establish sukuk wakalah and Islamic commercial paper programmes with a combined limit of up to RM4.0bn.
Sime Darby Property Bhd has raised RM800mn in its third sukuk sale under a RM4.5bn programme at a record-low cost. The sukuk was oversubscribed by 6.74 times with RM5.4bn in orders from 51 institutional investors.
Southern Score Builders Bhd said its newly acquired 51%-owned unit SJEE Engineering Sdn Bhd has secured a RM51.4mn mechanical and electrical job from Gamuda Engineering Sdn Bhd for a data centre project.
For the third consecutive year, Pharmaniaga Bhd’s financial sustainability has come under scrutiny, with auditor Ernst & Young flagging material uncertainty in its FY24 accounts.
Mudajaya Group Bhd confirmed that its Indian unit and independent power producer, RKM Powergen Ltd, was raided by local authorities in early February this year over an alleged fraudulent acquisition.
WTEC Group Bhd has signed an MoU with China-based Jiangsu ChengFeng New Materials Co Ltd to jointly develop and customise polyurethane foam products.
MyEG Services Bhd has launched the Malaysia Blockchain Infrastructure, a national platform developed with MIMOS Technology Solutions Sdn Bhd to drive blockchain innovation and support digital asset integration across industries.
Maxis Bhd is planning to expand its Maxis Home Solar solution to households across Peninsular Malaysia following positive feedback from early adopters in the Klang Valley.
Guocoland (Malaysia) Bhd is reviewing its land bank to unlock value, potentially venturing into industrial township development for long-term growth.
PT Bank CIMB Niaga Tbk, the 92.5%-owned Indonesian unit of CIMB Group Holdings Bhd, posted a 7.4% rise in net profit for the first quarter on higher interest income.
DXN Holdings Bhd posted a 7.2% YoY rise in 4QFY25 net profit to RM84.7mn, driven by improved production efficiency and lower marketing costs.
Pantech Group Bhd’s 4QFY25 net profit fell 50.8% YoY to RM14.3mn, dragged by weaker sales in its trading segment due to softer domestic oil and gas demand and adverse forex movements.
