KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Coastal Contracts Bhd
said a consortium led by its Mexican joint venture has secured a US$204.8mn (RM834.7mn) contract from Petróleos Mexicanos for the development and operation of a gas sweetening plant, namely the second Perdiz Plant at Mexico’s Ixachi field.
Titijaya Land Bhd’s wholly owned subsidiary NPO Builders Sdn Bhd has entered into a consortium agreement with PNSB Construction Sdn Bhd to develop affordable housing in Selangor under the Rumah Idaman programme.
Kerjaya Prospek Group Bhd, through its joint venture Rivanis Ventures Sdn Bhd, has signed a development agreement with Railway Assets Corp to acquire and develop a 14.1-ha plot in Prai, Penang.
Capital A Bhd has said no losses are expected from the Singapore Supreme Court’s notice of seizure over its stakes in BigPay and Teleport, held via Move Digital Sdn Bhd.
SD Guthrie is working with the Indonesian government on the issue of land seizures affecting some of its palm oil plantations.
FACB Industries Incorporated Bhd shares will be suspended from July 22 after its public shareholding spread fell below the minimum 25.0% requirement.
Shin Yang Group Bhd said its wholly-owned subsidiary has filed a lawsuit against Petroschiff Marine Logistics Sdn Bhd to recover RM3.0mn in alleged unpaid charter fees, service tax and repair costs.
Malaysia Marine and Heavy Engineering Holdings Bhd said its unit has been sued for RM54.0mn by a contractor over alleged wrongful termination of a contract.
Bermaz Auto Bhd posted a 120.0% YoY rise in net profit to RM46.6mn for 4QFY26, from RM21.2mn a year ago, driven by higher Mazda domestic sales volumes.
