KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Malayan Banking Bhd
and Credit Guarantee Corporation Malaysia Bhd have launched a new RM1.0bn tranche under the portfolio guarantee scheme to expand financing access for small and medium enterprises.
Ann Joo Resources Bhd is proposing to dispose of its 51.0% stake in Bumi Segar Indah Sdn Bhd to Ng Kwok Siong and DSI Northern Source Sdn Bhd for RM15.1mn.
Lithuanian artist Ernest Zacharevic is suing AirAsia and Capital A Bhd for alleged copyright infringement over the unauthorised use of his artwork, Kids on Bicycle, on the airline’s aircraft.
SD Guthrie Bhd and WWF-Malaysia have launched a five-year pilot programme in Sabah to promote regenerative palm oil.
Aeon Co (M) Bhd has promoted its deputy managing director, Tsugutoshi Seko, to managing director, effective March 1.
Magma Group Bhd has received shareholder approval for the proposed disposal of its entire 20.0% stake in Heritage Lane Sdn Bhd for RM63.0mn.
Express Powerr Solutions (M) Bhd has accepted three letters of award for the supply, installation, testing and commissioning of generator sets for a public transportation project in Sarawak, with an aggregate contract value of approximately RM8.3mn.
Kinergy Advancement Bhd has signed a long-term virtual power purchase agreement with Safran Landing Systems Malaysia Sdn Bhd to supply hydropower-linked renewable energy.
Insights Analytics Bhd has signed a MoU with 51WORLD Digital Twin Technology Co Ltd to adopt its technology solutions.
Hibiscus Petroleum Bhd has commenced construction of its 12MWp ground-mounted solar photovoltaic farm on a 26-acre site at the Sungai Liang Industrial Park in Brunei.
Poultry producer Hock Soon Capital Bhd received a muted response from investors ahead of its initial public offering, with its shares oversubscribed by just 0.36 times.
Foodie Media Bhd is collaborating with WTM Media Sdn Bhd to co-develop and commercialise next-generation digital and e-sports media content.
Malaysian Pacific Industries Bhd’s net profit jumped 42.6% YoY to RM57.1mn in 2QFY26 from RM40.0mn, driven by higher sales volumes of high-value semiconductor products and improved margins.
CSC Steel Holdings Bhd’s net profit rose 61.7% YoY to RM18.4mn in 4QFY25 from RM11.4mn, driven by lower raw material costs and favourable exchange rates.
British American Tobacco (M) Bhd’s net profit for 4QFY25 more than doubled to RM121.2mn from RM49.0mn a year earlier, driven by retail price hikes across its cigarette brands and higher shipment volumes.
