KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Capital A Bhd
said the distribution of AirAsia X Bhd shares to its shareholders is expected to take place this Friday, Jan 16, paving the way for the company to submit its application for PN17 upliftment.
LBS Bina Group Bhd is optimistic about the 2026 property market and expects it to remain positive and resilient, supported by strong demand.
Rimbunan Sawit Bhd is disposing of a 1,504-hectare parcel of plantation land in Miri for RM28.0mn, cash, as it moves to exit the remote estate that has been weighing on its operating efficiency and profitability.
Selangor Dredging Bhd is acquiring a freehold parcel of commercial land in Petaling Jaya for RM63mn to expand its land bank, with the site earmarked for a proposed development carrying an estimated GDV of RM507.0mn.
Vstecs Bhd, via its wholly owned subsidiary VSTECS Astar Sdn Bhd, has been appointed by Agibot Innovation (Shanghai) Technology Co Ltd as a distributor of Agibot's humanoid robotics solutions in Malaysia.
Velocity Capital Partner Bhd has sold off its entire 6.5% stake in MMAG Holdings Bhd for RM9.4mn, citing exposure to further downside risks.
Kumpulan Jetson Bhd is disposing of its entire equity interest in GRP Sdn Bhd, an indirect wholly owned subsidiary, for a total consideration of RM14.8mn, as part of a portfolio rationalisation exercise.
Marrybrown has teamed up with Petronas Dagangan Bhd's convenience arm, Mesra Retail & Cafe Sdn Bhd, to open its first drive-through outlet.
Foodie Media Bhd posted a net profit of RM3.8mn in the 1QFY26, supported by stable operating conditions and disciplined cost management.
