KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Sunway Bhd
’s takeover offer for IJM Corporation Bhd has lapsed after securing only 33.4% acceptances, falling short of the required 50.0% threshold by the 5pm deadline yesterday.
AMMB Holdings Bhd, via AmBank Islamic, has extended RM2.0bn in financing to Weststar Aviation Services Sdn Bhd to support fleet expansion and operations.
Bursa Malaysia Bhd has implemented the reclassification of equities investor trading data, effective yesterday, with nominee trades now categorised as either retail or institutional at the trade level.
AirAsia X is adjusting capacity, tightening costs and revising fares to mitigate rising fuel prices, according to its co-founder and adviser Tan Sri Tony Fernandes.
MNRB Holdings Bhd has had the AA3 and A1 ratings on its RM420.0mn senior sukuk and subordinated sukuk, respectively, reaffirmed by RAM Rating Services Bhd.
Geohan Corporation Bhd has secured two subcontract packages worth a combined RM103.0mn for works under the New Pantai Highway Extension project.
Reneuco Bhd is facing the risk of suspension and potential delisting on April 16, unless it submits an appeal by April 13, after Bursa Malaysia Securities rejected its application for a further extension to submit its regularisation plan.
PT Resources Holdings Bhd reported a loss of approximately RM17.8mn following a fire at its wholly owned subsidiary’s factory in Fujian, China.
Topmix Bhd is disposing of an industrial land and a semi-detached factory situated on 0.1 hectares of freehold land in Senai, Johor for RM1.9mn in cash to PMI Packaging Sdn Bhd.
Enest Group Bhd has received approval from Bursa Malaysia Securities for its proposed withdrawal from the LEAP Market, in connection with its planned transfer to the ACE Market.
Hibiscus Petroleum Bhd’s third-largest shareholder, Mettiz Capital Sdn Bhd, has ceased to be a substantial shareholder following share disposals.
Bumi Armada Bhd has announced that Gary Neal Christenson has stepped down as chief executive officer ahead of the expiry of his term on May 15, 2025. Following his departure, chief financial officer Luke Targett and chief operating officer Alex Bridgen will jointly lead the company.
DXN Holdings Bhd has appointed its chief executive officer, Prajith Pavithran, as executive director, effective April 6, and he will also join the board.
