KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Axis Real Estate Investment Trust
is acquiring a fully occupied distribution centre in Bandar Saujana Putra, Selangor, from City-Link Express (M) Sdn Bhd for RM128.0mn.
Chin Hin Group Property Bhd has entered into a joint development agreement with EC Properties (M) Sdn Bhd for an abandoned residential project in Bandar Hulu Kelang, just outside Kuala Lumpur with an estimated GDV of RM883.0mn.
Ibraco Bhd’s associate company Equinox Power Sdn Bhd has signed a 30-year power purchase agreement with Syarikat Sesco Bhd for the development of a 100-megawatt alternating current solar photovoltaic power facility in Sarawak.
Ajiya Bhd reduced its stake in Tanco Berhad to 0.8% from 1.6% after disposing 50.0mn shares through off-market transactions between 29 April 2026 and 24 June 2026 at an average price of 88.7sen/share, generating total proceeds of RM44.3mn.
XL Holdings Bhd has proposed to undertake a private placement of 10.0% of its shares to raise funds of up to RM43.0mn to be used mainly for expansion of its new retailing and wholesaling grocery business.
Niche Capital Emas Holdings Bhd has entered into an agreement with rare earth firm Greensnow Consolidated Bhd to jointly undertake a rare earth exploration, extraction and processing project in Kelantan.
Jentayu Sustainables Bhd’s 70%-owned Oriole Hydro Padas Sdn Bhd has raised RM10.8mn via a redeemable preference shares placement to a company owned by Sabah state-owned Yayasan Sabah to fund the development of a 162MW run-of-river hydropower plant to be constructed in Sabah.
Sasbadi Holdings Bhd has secured a RM483,840 contract from the Ministry of Education to supply Market Ready Interactive Animation Preschool Materials.
Croesus IT Holdings Bhd has secured RM670,000 purchase orders from Sena Healthcare Services Sdn Bhd for the supply of software solutions and related services.
Pekat Group Bhd plans to transfer its listing to the Main Market.
NexG Bhd plans to change its name back to Datasonic Group Bhd, subject to shareholders' approval at its 18th annual general meeting to be convened at a date to be announced later.
Gamuda Bhd’s 3QFY26 net profit rose 4.5% YoY to RM246.8mn, driven by robust contributions from domestic construction projects.
Yinson Holdings Bhd's 1QFY27 net profit rose by 4.3% YoY to RM120.0mn, thanks to contributions from the Agogo floating production, storage and offloading vessel.
Glomac Bhd’s 4QFY26 net profit surged more than fourfold YoY to RM13.3mn, driven by higher progress billings and prudent cost management despite ongoing external cost pressures.
