KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Pavilion REIT
has secured unitholders’ approval to acquire Banyan Tree and Pavilion Hotel KL for RM480m, reducing Pavilion Mall’s portfolio weight to 58.5%
Capital A received 99.99% shareholder approval for its PN17 regularisation plan, marking a key step to address financial distress.
Pharmaniaga’s 1QFY12/25 net profit increased 15.3% YoY to RM29.6m, thanks to higher sales and cost optimisation efforts, which resulted in a 2.5% reduction in operating expenses.
Marine & General is forming a joint venture with WHS Global Engineering to expand into oil and gas engineering.
Supreme Consolidated Resources plans to acquire 14,690 sq metres of land in Kuching for RM5.6m to build a new warehousing and cold storage facility.
SD Guthrie Bhd, formerly known as Sime Darby Plantation Bhd, delivered a strong first-quarter (1QFY25) result on the back of improved contribution from the upstream segment.
I-Bhd executive chairman Tan Sri Lim Kim Hong in delivering the group's report for the first-quarter of 2025 (1QFY25), said the company's strong start reflects its evolution into a more balanced, asset-driven business.
