KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Permodalan Nasional Bhd has decided to reject the voluntary takeover offer by Sunway Bhd
for its 13.5% stake in IJM Corp Bhd, citing concerns over the RM3.15 offer valuation, the small cash component, and Sunway shares’ prolonged underperformance relative to IJM’s intrinsic value and dividend prospects.
MARC Ratings has revised the outlook on Sunway Bhd’s sukuk and debt programme to positive from stable, citing expected deleveraging from the upcoming listing of Sunway Healthcare Holdings Bhd and the group’s stronger earnings profile.
Tenaga Nasional Bhd and Telekom Malaysia Bhd have signed a memorandum of understanding to collaborate on green energy solutions, digital technologies and AI to support Malaysia’s energy transition and digital infrastructure development.
Keyfield International Bhd has secured eight vessel charter contracts worth RM162mn for seven accommodation work boats and one anchor handling tug supply vessel to support offshore oil and gas operations across Malaysia, Qatar, the UAE and Thailand.
Dialog Group Bhd is divesting its entire stake in Dialog Diyou PCR Sdn Bhd to funds managed by Circulate Capital for a nominal RM1, while the buyers will inject US$8.5mn (≈RM33mn) into DDPCR to fully repay its bank loan.
Aneka Jaringan Holdings Bhd has secured two contracts worth a combined RM95.7mn for foundation and piling works involving the New Pantai Highway extension and a high-rise residential project in Seputeh.
Fitters Diversified Bhd has entered into share sale agreements to dispose of its entire 100% stake in renewable energy subsidiary Future NRG Sdn Bhd for RM15.2mn to a group of individual and corporate purchasers.
Pharmaniaga Bhd will exit Practice Note 17 effective March 17 after Bursa Malaysia approved the completion of its regularisation plan, ending its three-year stint as a financially distressed company.
Advancecon Holdings Bhd has appointed former Razarudin Husain as its new chairman effective Monday, replacing Yeoh Chong Keat who resigned to pursue personal interests.
Sunway Healthcare Holdings Bhd’s FY25 net profit slipped slightly by 2.1% to RM252.2mn despite a 44.7% jump in revenue to RM2.2bn due to expansion-related costs, with the group remaining cautiously optimistic for FY26 as new hospitals stabilise and private healthcare demand stays resilient.
