KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Vestland Bhd
has secured a RM65mn contract for piling and substructure works of a 74-storey serviced apartment development in Jalan Pavilion, Kuala Lumpur.
Lianson Fleet Group Bhd has entered into a memorandum of agreement with a Singapore-based party for the acquisition of a Supramax bulk carrier (MV Sea Affluence) for RM60.9mn.
iCents Group Holdings Bhd, via its wholly-owned subsidiary, VC Engineering Sdn Bhd, has secured a RM7.0mn contract from an Indonesia-based construction company for the supply and delivery of data centre products in Indonesia.
Ocean Vantage Holdings Bhd is proposing to acquire construction company Bina Gemilang Bersatu for RM10mn via the issuance of up to 50 million new shares at 20 sen each.
TWL Holdings Bhd is acquiring a 45% stake in Fairise Odyssey for RM42mn via its subsidiary, funded entirely through internal funds, to diversify its revenue base and strengthen support for future property development projects.
George Kent (M) Bhd has proposed to acquire a 76% stake in Techkem Group for RM2mn cash, strengthening its presence in the water and wastewater infrastructure sector.
Eastern & Oriental Bhd, through its subsidiary KCB Holdings Sdn Bhd has partnered Cengild Medical Bhd and Skyspring Sdn Bhd to develop a RM350mn private hospital on Andaman Island, Penang, through a joint venture.
Ajinomoto (M) Bhd has requested a one-day trading suspension on June 22 pending the release of a material announcement, following approval from Bursa Malaysia.
Infoline Tec Group Bhd, through its wholly owned subsidiary has signed an MoU with PEOPLElogy to serve as an Anchor Technology Partner, supporting nationwide AI and technology talent development initiatives.
Petronas Dagangan Bhd has expanded its used cooking oil collection programme to 100 stations nationwide, having collected over 1.6 million kg of oil and generated RM4.8m in returns for more than 560,000 participants.
VS Industry Bhd slipped into a net loss of RM32.9mn in 3QFY26 from a net profit of RM23.8mn a year earlier, as revenue declined 11.6% YoY due to weaker orders from key customers and lower production utilisation.
Liftech Group Bhd’s IPO was oversubscribed 18.9 times, with strong demand from both Bumiputera and retail investors.
Prestar Resources Bhd has completed a planned leadership succession, with executive director Kenny Toh Jin Tat appointed managing director to succeed Datuk Toh Yew Peng, who will remain with the group as senior adviser.
