KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
CBH Engineering Holding Bhd secured a RM29.7mn contract for Phase 1 of a 275kV consumer substation for a Johor data centre. The job is expected to be completed by September 2026.
Hextar Capital Bhd secured a RM155.3mn subcontract for the Hospital Angkatan Tentera Kem Terendak project in Melaka, covering piling, foundation, demolition, building and infrastructure works, with completion targeted by August 2028.
Uzma Bhd
secured an eight-year contract from PETRONAS Carigali to provide leasing, installation, and O&M services for a portable water injection module under the Bayan Redevelopment Phase 3 project.
Steel Hawk Bhd secured a three-year logistics management services contract from Petronas Gas Bhd, providing call-out based support to its operations until April 2029.
Ekovest Bhd’s proposed acquisition of RTS-linked land parcels in Johor Bahru will not proceed after the term sheets lapsed following multiple extensions.
KHPT Holdings Bhd plans to acquire Ngai Cheong Metal Industries for RM19.5mn to diversify beyond automotive into higher-value precision components and the E&E sector.
KIP REIT plans to acquire Setapak Central Mall for RM435mn, funded via a mix of borrowings and private placement, which will lift its asset base to RM2.1bn. For 3QFY26, KIP REIT’s net property income rose 17.6% YoY to RM32.3mn, driven by stronger contributions from existing assets and recent acquisitions.
Padini Holdings Bhd and five of its subsidiaries had 21 bank accounts frozen under a MACC probe involving external counterparties, with most accounts linked to Padini Corporation Sdn Bhd.
Cropmate Bhd had several bank accounts frozen under an MACC probe pursuant to AMLA, which the company views as a standard investigative procedure with no indication of internal misconduct.
PGF Capital Bhd’s 4QFY26 net profit fell 41.8% YoY to RM8.1mn due to the absence of a prior one-off gain, despite revenue rising 12.2% to RM37.8mn.
Petronas Dagangan Bhd announced the retirement of its chairman, Datuk Anuar Ahmad, following the conclusion of its 44th AGM.
Solarvest Holdings Bhd announced that executive director and group chief strategy officer Liew Chee Ing will step down on June 30 due to personal commitments.
Axteria Group Bhd appointed Datuk Seri Zaini Jass as chairman, alongside new director appointments, while two existing directors resigned due to personal commitments.
Gold Li Holdings Bhd plans to raise up to RM19.5mn via an ACE Market IPO at 13 sen per share, offering a 25.5% stake to fund ongoing and planned property developments.
