KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KNM Group Bhd
plans to proceed with its EUR270mn (RM1.34bn) sale of Deutsche KNM GmbH, which it says is "critical" to stabilising its finances, and in the process withdraw its appeal against its looming delisting by Bursa Malaysia
Tenaga Nasional Bhd said the Inland Revenue Board of Malaysia has filed an appeal at the Court of Appeal against the High Court's decision that set aside RM78.5mn in additional tax assessments issued to its unit, Southern Power Generation Sdn Bhd.
Mulpha International Bhd has sold its entire 33% stake in the London Marriott Hotel for GBP33.8mn (RM190.3mn) to fund working capital requirements and venture into new investments.
DXN Holdings Bhd said the company has plans to establish a coffee-processing factory in Minas Gerais, Brazil.
LBS Bina Group Bhd has formalised a joint venture with Oriental Holdings Bhd to develop a mixed-use project in Melaka, with the first phase, Phases 1A and 1B, estimated at RM600mn in gross development value.
MGB Bhd has secured a RM118.5mn contract to build affordable apartments in Kuala Lumpur from UDA Accord Development Sdn Bhd, a joint venture company affiliated with UDA Holdings Bhd.
AWC Bhd has won an RM82.5mn contract from the Public Works Department to provide facilities management and maintenance services for government buildings.
OCK Group Bhd has upsized its sukuk murabahah programme by 43% to RM1bn in nominal value from RM700mn previously. The sukuk is intended to raise funds to refinance existing borrowings and support future growth in 5G and solar projects.
Key Asic Bhd has received a repeat order worth RM2.1mn for its proprietary AI chips from a leading semiconductor and AI-focused technology company, referred to as Customer B.
PJBumi Bhd’s 90%-owned subsidiary, PT Indodrill Bumi Perkasa, has signed a two-year umbrella agreement with Indonesian oil and gas operator KSO PT Pertamina–PT Petro Papua Mogoi Wasian to provide well maintenance services in the Mogoi Wasian block.
Censuria Capital, led by Datuk Marco Yap, has taken a strategic stake in Perak Transit Bhd, citing strong fundamentals and alignment with state infrastructure goals.
Bina Darulaman Bhd, which is majority-owned by the Kedah state government, has appointed Che Abdul Khalid Md Din as its new group chief executive officer, effective Nov 1.
Systech Bhd saw its former largest shareholder and ex-managing director Datuk Hooi Jia Hao cease to be a substantial shareholder, after he continued to slash his stake in the cyber security and corporate solutions firm.
Kawan Renergy Bhd saw the emergence of Urusharta Jamaah Sdn Bhd, a special purpose vehicle under the Ministry of Finance, as a substantial shareholder after it bought an additional 0.118% stake and raised its equity interest to 5.034%.
Ecofirst Consolidated Bhd plans to revise its development strategies to mitigate the impact of the 6% sales and service tax on construction materials and services introduced in July 2025.
