KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Bursa Securities has rejected Capital A’s request for more time to complete the distribution of AirAsia X Berhad
shares, although Capital A still intends to distribute the shares concurrently with AAX’s upcoming private placement.
AirAsia X Bhd announced that Tune Group Sdn Bhd has ceased to be a substantial shareholder after disposing of 66.83mn shares as part of AirAsia’s aviation business consolidation exercise.
AME REIT has agreed to sell three industrial properties at i-Park @ SILC to an existing tenant for RM14.5mn, at a premium of 18.5%–24.8% above their appraised market values.
IGB Bhd has proposed a 1-for-2 bonus issue, involving the issuance of up to 679.1mn new shares based on its current share base of 1.36bn shares, subject to regulatory and shareholder approvals.
Iskandar Waterfront City Bhd has received Bursa Malaysia’s approval for its proposed regularisation plan, comprising a debt settlement and capital reduction, to exit its affected listed issuer status.
HSS Engineers Bhd confirmed that its 30%-owned associate, HSS Integrated Sdn Bhd, has been named as one of 12 defendants in a lawsuit filed by 14 sukuk holders of the RM1.3bn MEX II highway project, alleging breaches of duty in approving interim payment certificates during construction.
Master TEC Group Bhd said Tenaga Nasional Bhd has exercised an option to increase the value of its existing cable supply contract by RM32.9mn, raising the total contract sum to RM142.4mn.
Sarawak Consolidated Industries Bhd is entering property development through a joint residential and commercial project in Bintulu on an 11.068ha land parcel, with SCIB bearing all development costs while landowners receive 23% of the project’s GDV.
ES Sunlogy Bhd has secured a RM15.2mn firm-price subcontract for electrical works at a 36-storey serviced apartment project in Johor, awarded to its subsidiary Savelite Engineering Sdn Bhd.
ICT Zone Asia Bhd has secured a RM27.8mn purchase order to lease ICT hardware and software to a government agency over a 60-month period, awarded to its subsidiary ICT Zone Ventures Bhd.
Vanzo Holdings Bhd has mutually terminated its shareholders’ agreement with Duong Tien Dung for Vanzo Viet Nam Company Limited, citing differing business objectives, with the termination effective Jan 6, 2026.
Paragon Union Bhd, via Paragon Metal Sdn Bhd, has entered into a joint venture with Japan’s Asahi Seiren to establish Paragon Asahi Seiren Sdn Bhd, focusing on consultancy and on-site support services for aluminium dross and scrap recycling.
Destini Bhd has redesignated Datuk Seri Shahril Mokhtar from executive director to group managing director.
Mega Fortris Bhd has abandoned plans for a Macau playing card plant and will instead deploy RM45m of its IPO proceeds to add a second manufacturing line at its Shah Alam facility, citing cost savings and challenges securing industrial space in Macau.
Semico Capital Bhd’s public issue of 18.0mn shares was oversubscribed by 28.1x, with 4,053 applications received ahead of its ACE Market listing on Jan 13, 2026.
