KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Velesto Energy Bhd
has secured its first asset-light rig contract from Hibiscus Oil & Gas Malaysia Ltd for an offshore drilling campaign in Malaysia.
The Malaysian Anti-Corruption Commission has completed its investigation into Tan Sri Krishnan Tan, the non-executive chairman of IJM Corporation Bhd, with no further action to be taken.
Lim Seong Hai Capital Bhd has received a letter of offer from Perbadanan Aset Keretapi for the proposed sale and development of two land parcels in Selangor with a combined purchase price of RM197.9mn.
Lianson Fleet Group Bhd’s joint venture, Nusantara Maritime Sdn Bhd, is acquiring the medium-range chemical tanker MT High Tide for USD28.5mn (RM111.9mn).
Gas Malaysia Bhd has signed a joint development agreement with Tokyo Gas Co Ltd and VTTI B.V. for the proposed development of a LNG regasification terminal in Yan, Kedah.
MN Holdings Bhd has secured a contract worth RM83.5mn to build a new 275kV consumer landing station for a data centre in the southern region of Peninsular Malaysia.
NCT Alliance Bhd is expanding its land bank in Kuala Langat, Selangor, with plans to develop an industrial project with an estimated GDV of RM1.5bn.
Azam Jaya Bhd has proposed a private placement to raise up to RM90.3mn, less than two years after its listing, to fund working capital, repay bank borrowings, and purchase construction machinery and equipment.
MKH Bhd has received an unusual market activity query from Bursa following a sharp rise in its share price, which reached a nine-year high. The stock hit its daily upper limit of RM1.46 after surging 33sen, or 29.0%, last Friday.
Iris Group Bhd has received an unusual market activity query from Bursa following a sharp rise in its share price.
Maxis Bhd’s net profit rose 12.4% YoY to RM417.0mn in 1QFY26 from RM371.0mn a year earlier, supported by modest growth in service revenue across both its consumer and enterprise segments.
Westports Holdings Bhd reported a 46.8% YoY jump in net profit to RM326.5mn in 1QFY26 from RM222.5mn a year earlier, supported by stronger container revenue.
Festive sales boosted Carlsberg Brewery Malaysia Bhd’s net profit by 4.7% YoY to RM98.9mn in 1QFY26 from RM94.5mn a year earlier.
Johor Plantations Group Bhd’s net profit for 1QFY26 fell 33.7% YoY to RM50.4mn from RM75.9mn a year earlier, dragged by lower average selling prices of crude palm oil and palm kernel.
