KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
HSS Engineers Bhd
, via its associate, SMHB Sdn Bhd, has secured a RM30.5mn consultancy service agreement with MMC Infra Padi Sdn Bhd.
Kumpulan Kitacon Bhd has secured a construction contract in Gombak, Selangor, worth RM89mn.
IGB Bhd’s RM215.0mn acquisition of two leasehold land parcels in Johor Bahru, via a joint venture with a Johor state-owned company, has received approval from the Ministry of Economy, making the sale and purchase agreement unconditional.
NexG Bhd executive chairman Datuk Abu Hanifah Noordin and Siti Nur Aishah Ishak, who are linked to the company’s largest shareholder Raya Aviation Holdings, have filed a court action to block his suspension and preserve the existing board and management structure.
Bank accounts belonging to MMAG Holdings Bhd and Nexg Bina Bhd have been frozen by the Royal Malaysian Police as part of investigations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
Tien Wah Press Holdings Bhd said its operations in Dubai have not experienced any material disruption amid current geopolitical developments in the Gulf region.
Sarawak Oil Palm Berhad proposes establishing a new Employees’ Share Option Scheme of up to 10% of its total issued shares (excluding treasury shares) to incentivise employees.
West River Bhd, via its indirect wholly owned subsidiary, Neutron Power Sdn Bhd, has entered into a share sale agreement to acquire a 95% stake in Ace Hydropower Sdn Bhd for RM850,000 in cash.
Magni-Tech Industries Bhd's net profit for the 3QFY26 fell 23.1% YoY to RM30.7mn, dragged by lower profit contribution from its garment business due to a higher foreign exchange loss.
KESM Industries Bhd reported a 7% YoY increase in 2QFY26 revenue to RM54.9mn and returned to profitability with a net profit of RM3.6mn, compared to a net loss of RM3.0mn a year earlier.
Sunway Bhd’s healthcare unit, Sunway Healthcare Holdings Bhd, saw the public issue of its IPO oversubscribed by 5.57 times.
