KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Gamuda Bhd
announced that its 45%-owned associate, Upper Padas Power Sdn Bhd, has secured revised approval from the Sabah Energy Commission for the Ulu Padas project, which has been enhanced into an integrated hydroelectric and floating solar development.
Telekom Malaysia Bhd has extended its contract with Maxis Broadband Sdn Bhd for 2G and 4G domestic roaming and 4G multi-operator core network services until Sept 30, 2029.
CIMB Group Holdings Bhd is selling its Thai unit’s automotive financing portfolio as part of its strategy to exit non-core businesses and reallocate capital for growth across its Asean franchise.
Magni-Tech Industries Bhd is acquiring a prime parcel of beachfront land in Tanjong Bungah, Penang, for RM133.3mn in cash to support its move into property development.
Capital A Bhd is in talks with a major hotel chain to extend its AirAsia brand into the hospitality sector.
Rivertree STF Synergies Bhd is acquiring two Kuala Lumpur-based property development companies for a total of RM46.3mn from its major shareholder and executive director Datuk Leong Sai Mun.
Sealink International Bhd said it will receive USD17.3mn (about RM68.5mn) in settlement and insurance claims over its vessel that was damaged in a fire incident in May last year.
Ann Joo Resources Bhd has secured a RM37.4mn contract for a battery energy storage system project in Bukit Kayu Hitam, Kedah.
Sunview Group Bhd is seeking shareholders’ approval to fully dispose of its 22.4% stake in ACE Market listed Winstar Capital Bhd, held via Vafe System, at not less than RM0.43/share to third party buyers to be identified later.
Public Bank Bhd said it sees no immediate impact from the ongoing Middle East conflict, stressing that the group's asset quality remains stable.
NexG Bhd has dismissed concerns regarding its operations and governance, saying all of its corporate exercises have complied with the bourse listing requirements, are subject to appropriate regulatory review, and, where required, approved by its shareholders.
Malaysian Pacific Industries Bhd said its net profit for the 3QFY26 declined 16% to RM33.7mn from RM40.0mn a year earlier due to higher operating expenses.
Hartalega Holdings Bhd’s net profit for the 4QFY26 more than doubled to RM40.5mn from RM14.5mn in the same quarter a year earlier amid tighter cost controls and enhanced operational efficiencies.
