KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Ancom Nylex Bhd
announced that its 42.2%-owned subsidiary Nylex (Malaysia) Bhd has received a letter of intent dated 5 May from Ukas (Public Private Partnership Unit, Prime Minister’s Department) for the proposed Johor Bahru Autonomous Rail Transit project.
RHB Bank Bhd received a no-objection letter from Bank Negara Malaysia dated 11 May to commence negotiations with Tokio Marine Asia Pte Ltd on the proposed disposal of up to 100% of its stake in RHB Insurance Bhd.
Gamuda Bhd secured a fixed-price EPC contract to deliver the 75MW Jinbi Solar Farm in Western Australia’s Pilbara region, via its wholly-owned Australian subsidiary DT Infrastructure.
NCT Alliance Bhd signed a term sheet for the proposed sale of a 100-acre land parcel within its NCT Smart Industrial Park for a data centre development capable of supporting up to 800MW of capacity.
Genting Bhd is divesting a 5% participating interest in the Kasuri production sharing contract in West Papua and a 5% equity stake in PT Layar Nusantara Gas, the entity developing Indonesia’s inaugural floating LNG vessel, to PT Rukun Raharja and its subsidiary PT Raharja Energi Cepu Tbk.
HE Group Bhd secured an RM86mn contract via its wholly-owned subsidiary Hexatech Engineering Sdn Bhd for the construction of a 132kV/33kV substation in Selangor, with completion targeted by 31 October 2027.
Infomina Bhd secured a USD10.75mn (approximately RM42.1mn) contract to provide software subscription renewal support services to Bangkok Bank Public Company Ltd, awarded to its 99.99%-owned subsidiary Infomina (Thailand) Co Ltd.
Tanco Holdings Bhd is venturing into concrete products manufacturing via a 51:49 joint venture with Hong Kong-based King Well Holdings Ltd, through its indirect wholly-owned subsidiary Tanco Precast Industries Sdn Bhd.
PPB Group Bhd disclosed that its 18.8%-owned associate Wilmar International Ltd intends to appeal a Russian court order to seize a 24% stake in oils and fats producer JSC Etalon, held indirectly by Wilmar.
Ireka Corp Bhd and seven of its former directors were publicly reprimanded by Bursa Malaysia Securities for violations of the Main Market Listing Requirements. Total fines of RM425,000 were imposed on the former directors concerned.
Permaju Industries Bhd is exiting its Ford dealership business after approximately 15 years.
Metro Healthcare Bhd proposed a bonus issue of warrants on a one-for-four basis, involving up to 244.73mn warrants with a five-year tenure. Based on an illustrative exercise price of 20 sen per warrant, the exercise could raise gross proceeds of up to RM48.9mn if fully subscribed.
Dual-listed UMS Integration Ltd reported a 43.3% YoY jump in 1QFY26 net profit to SGD14.0mn (approximately RM43.3mn), from SGD9.83mn a year earlier.
Paradigm Real Estate Investment Trust reported NPI of RM39.23mn for 1QFY26 (ended 31 March 2026), down QoQ from RM41.72mn in 4QFY25, mainly due to higher property management fees.
Cape EMS Bhd posted 3QFY26 (ended 31 March 2026) net profit of RM4.18mn, up 21.7% YoY from RM3.43mn, on a 48.8% YoY surge in revenue to RM107.69mn (3QFY25: RM72.39mn).
