KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
IHH Healthcare Bhd
is maintaining the offer price for its proposed acquisition of a 26% stake each in Fortis Healthcare Ltd and Fortis Malar Hospitals Ltd priced at 170 Indian rupees (RM8.07) and 17.6 rupees (84 sen) per share, respectively despite a sharp rally in the shares of the two Indian hospital operators over the past several years.
KNM Group Bhd has turned down a request from major shareholder MAA Group Bhd to hold an extraordinary general meeting to approve the sale of its entire stake in Deutsche KNM GmbH for €270mn (RM1.33bn), citing regulatory concerns.
Malayan United Industries Bhd has secured a term loan facility of US$20mn (RM84.3mn) granted by Singapore-based direct lending fund Indies Special Opportunities LV Ltd.
Ramssol Group Bhd has been appointed by Tencent Cloud as the distributor of its cloud services in Southeast Asia.
CBH Engineering Holding Bhd is acquiring a 3,866 sq m freehold industrial property in Klang from Syskon Corp Sdn Bhd for RM14.39mn.
Ivory Properties Group Bhd will be delisted from Bursa Malaysia’s Main Market on Oct 14 after its appeal for more time to submit a regularisation plan was rejected.
Greenyield Bhd is facing renewed boardroom tensions as a shareholder group led by Tham Chong Sing has called for a new extraordinary general meeting to remove non-executive chairman Tham Foo Keong, his brother.
Cypark Resources Bhd clarified that it has not been formally served with any adjudication claims from Solution Group Bhd regarding alleged unpaid sums totaling RM2.5mn for solar projects in Kelantan and Terengganu.
Top Glove Corporation Bhd logged a net profit of RM38.56mn for the 4QFY2025 compared to a net loss of RM6.64mn a year earlier, thanks to stronger sales and softer raw material prices.
