KUALA LUMUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Hong Leong Bank Bhd
has clinched three categories at the Asian Banking & Finance Retail Banking Awards 2025, marking milestones in its five-year transformation programme.
Mah Sing Group Bhd has been appointed by Majlis Perbandaran Kajang as the lead developer to construct a new RM52.5mn flyover at the intersection of Jalan Tasik Kesuma and Jalan Semenyih, Bandar Tasik Kesuma.
Sunway Construction Group Bhd has clarified that it is not under investigation by the Malaysian Anti-Corruption Commission, which confirmed that its probe is limited to the personal conduct of a former employee.
Maxim Global Bhd’s wholly-owned subsidiary, Mizumi Maxim Sdn Bhd, has executed an agreement for loan facilities totalling RM126mn, granted by Alliance Bank Malaysia Bhd.
Aeon Co. (M) Bhd and Aeon Credit Service (M) Bhd have formed a JV to develop a unified membership and data ecosystem to enhance customer engagement and group retail-financial integration.
KNM Group Bhd has proposed a regularisation plan to exit its PN17 status, which includes selling Deutsche KNM GmbH, cutting its share capital to RM276mn and combining every four shares into one.
Trading of Pestech International Bhd’s securities was halted for an hour from 3.01 pm yesterday after it triggered PN17 listing requirements.
EP Manufacturing Bhd's unit EP Blueshark Sdn Bhd, together with Blueshark Malaysia Sdn Bhd, has begun local assembly of the SoloEra Solo 1C electric motorcycle at its advanced facility in Glenmarie, Shah Alam.
Cypark Resources Bhd has secured RM1.3bn of financing from MBSB Bank Bhd, combining refinancing and working capital solutions.
Silver Ridge Holdings Bhd said Selangor Industrial Corporation Sdn Bhd has withdrawn from their joint venture agreement to develop six data centre campuses in Cyberjaya.
Uni Wall Aps Holdings Bhd has formally proposed to transfer its listing from the LEAP Market to the ACE Market of Bursa Malaysia.
Star Media Group Bhd posted a net loss of RM0.23mn for 2QFY25, compared with a net profit of RM7.5mn a year earlier, dragged by lower property development revenue.
Far East Holdings Bhd’s net profit for 2QFY25, slipped 3% to RM50mn from RM51.4mn a year earlier, due to higher operating expenses.
HSS Engineers Bhd's net profit jumped to RM6.6mn in 2QFY25, from RM2.8mn a year earlier as revenue rose 31.6% to RM57.7mn.
Teo Seng Capital Bhd’s net profit for 2QFY25 jumped nearly 60% YoY to RM42.1mn from RM26.4mn, largely thanks to government subsidies for eggs to maintain price control.
George Kent (Malaysia) Bhd posted a net loss of RM8mn for 1QFY26, dragged by foreign exchange losses and higher operating costs.
Sam Engineering & Equipment (M) Bhd’s net profit for 1QFY26 rose 60.3% to RM16.2mn from RM10.1mn a year earlier, driven by higher sales from its equipment and aerospace segments.
Avangaad Bhd’s net profit for 2QFY25 fell to RM6mn from RM94.7mn in 2QFY24, in the absence of one-off income from debt writebacks booked in the same period a year ago.
