KUALA LUMPUR: Here is a recap of the anouncements that made headlines in Corporate Malaysia.
Genting Bhd
raised US$1.3bn (RM5.0bn) via two tranches of perpetual notes to refinance its existing debt and extend its maturity profile, with proceeds mainly earmarked to repay its 2027 notes.
Tanco Holdings Bhd has revised its Port Dickson smart AI container port structure from a long-term lease to a port development concession model, granting up to 98-year concession rights while maintaining the RM5mn monthly payment framework with periodic revisions.
Solarvest Holdings Bhd secured a RM1.1bn EPCC contract for a 470MW LSS5 solar farm in Perak, awarded by a JV with Malakoff Corporation Bhd, with completion slated for February 2028.
Insights Analytics Bhd secured a RM12.2mn subcontract for substation construction, digitalisation and smart system integration works in Sibu, Sarawak, with completion targeted by September 2027.
Wawasan Dengkil Holdings Bhd secured a RM22.7mn contract from Selangor State Development Corporation to build 56 single-storey residential units in Sepang, with completion targeted by October 2027.
Vetece Holdings Bhd secured a RM39.6mn contract to provide Salesforce CRM cloud solutions including subscription, maintenance and support services to a Malaysian utility company.
Steel Hawk Bhd has filed a RM14.4mn lawsuit against Ibrahim & Sons Engineering and others over alleged fraud and breach of trust, to which Ibrahim & Sons has denied the claims and plans to counterclaim while pursuing legal remedies.
Seni Jaya Corporation Bhd saw two new substantial shareholders emerge following its RM18.4mn acquisition of Vision OOH via share issuance, while also extending the deadline for its proposed RM39.5mn Unilink acquisition.
SKA Capital Bhd, which focuses on substation and underground utilities engineering, has filed for an ACE Market IPO involving the issuance of 168.1mn new shares (18.8%) and an offer for sale of 97.8mn shares (8.08%).
Vitrox Corporation Bhd posted strong 1QFY26 results, with net profit more than doubling to RM51.2mn and revenue rising 89% YoY, driven by AI demand, data centre expansion and a rebound in memory prices.
Pantech Global Bhd reported 4QFY26 net profit of RM11.4mn (-80.7% YoY) due to the absence of a one-off gain and higher operating expenses, despite revenue rising 65% YoY on stronger pricing and full-quarter contributions from acquired units.
Chin Teck Plantations Bhd reported 2QFY26 net profit of RM3.7mn (-79.1% YoY) as higher losses from associates/JVs and elevated expenses outweighed a 13.4% increase in revenue.
UUE Holdings Bhd reported 4QFY2026 net profit of RM7.6mn (more than doubled YoY) on the back of a 40.4% rise in revenue, driven by stronger contributions from its underground utilities and HDPE segments.
