KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Binastra Corporation Bhd has secured its largest contract, winning RM1.2bn in awards for building and infrastructure works at Exsim’s Causewayz Square in Johor Bahru.
Capital A Bhd
has completed the disposal of its aviation businesses to AirAsia X Bhd, with AirAsia Aviation Group Ltd transferred via the issuance of 2.3bn new AAX shares and AirAsia Bhd disposed of through a debt settlement arrangement under which AAX assumes RM3.8bn of debt.
Allianz Malaysia Bhd has declared a single-tier interim dividend of 89.5 sen per share for FY2025, with ex-date on Jan 30 and payment on Feb 13.
MN Holdings Bhd has secured four contracts worth RM122.7mn to supply and install substation equipment for data centre projects in Peninsular Malaysia.
Vestland Bhd has secured two new construction contracts worth a combined RM602mn.
Genting Plantations Bhd said its 95%-owned Indonesian unit, PT Susantri Permai, has been fined 396bn rupiah (RM96.6mn) by Indonesia’s Forest Area Enforcement Task Force for alleged non-compliance in forest-designated zones.
YTL Cement Bhd, which owns 65.4% of Malayan Cement Bhd, is raising up to RM755mn via a secondary placement of up to 100mn shares, or 7.2% of the group.
Pimpinan Ehsan Bhd has secured a final extension to submit its regularisation plan. Bursa Securities, however, warned that failure to submit the plan by June 30, 2026 will result in the trading suspension of its shares and eventual delisting.
TH Plantations Bhd has commissioned the 1.2MW Cenergi Lawiang Biogas Power Plant with Cenergi SEA, converting palm oil mill effluent into renewable electricity that can power about 1,500 homes annually while cutting up to 20,000 tonnes of CO₂ emissions per year.
Marine & General Bhd via its subsidiaries have entered into a joint venture with Nautica Energy Services to undertake vessel maintenance, repair and docking-related businesses through a new company, Jasa Merin Engineering Sdn Bhd.
The US has cleared FGV Holdings Bhd to resume exporting palm oil and related products to the US effective Jan 15, 2026, following the modification of the Withhold Release Order after improvements in labour practices.
SumiSaujana Group Bhd plans to diversify into bio-based specialty chemicals in 2026, including biodegradable polyols for polyurethane applications and sustainable chemical solutions for data centre cooling, supported by RM7.6mn in IPO proceeds allocated for R&D.
