KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Sunway has completed its maiden issuance of RM230mn sustainability medium-term notes under its MTN programme and the proceeds will be used to part-finance or reimburse land and earthwork costs for the Pendas Land development.
Mitrajaya Holdings said the contract value for its Kuala Lumpur data centre project awarded by NEXTDC Sdn Bhd has been revised upwards to RM801.8mn from RM375.5mn previously, following three variation orders.
OSK Holdings is acquiring a 3.3-acre parcel in Subang Jaya from Tropicana for RM44.3mn, earmarked for serviced apartments with an estimated GDV of RM427mn.
Tex Cycle Technology said all conditions under its share sale agreement to acquire a 60% stake in Safety & Environmental Laboratory Sdn Bhd have been fulfilled, making the transaction unconditional.
Epicon is diversifying into property development via a RM72.1mn joint venture with NCT Alliance to build 876 terraced homes in Batang Kali.
KIP REIT has completed the acquisition of an industrial property in Bintulu, Sarawak, for RM28.7mn via its trustee Pacific Trustees Bhd, marking its maiden entry into East Malaysia.
Vestland has received an unconditional mandatory takeover offer at RM0.34/share after its major shareholders, including group MD Datuk Liew Foo Heen, crossed the 70% threshold through a concert party arrangement.
Sungei Bagan Rubber has appointed Colflesh Khoon Liat Robert, 39, as its new managing director.
Rexit has appointed Jason Yong Qun Yong as its new chief financial officer, effective Oct 1.
Matrix Concepts has appointed Tay Yuh Her, 52, as chief executive officer for its central region, effective retrospectively from Sept 1, 2025.
Greenyield
faces escalating family tensions as shareholders led by Tham Chong Sing — the brother of chairman Foo Keong — launched a fresh bid to convene an EGM to remove him and three independent directors.
VS Industry slipped into the red in 4QFY25, posting a net loss of RM33.0mn versus a net profit of RM126.6mn in 4QFY24, dragged by weaker sales and deferred deliveries amid US reciprocal tariffs.
