KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Hibiscus Petroleum Bhd
has launched the start-up of its low‑pressure compressor at its Block B Maharajalela Jamalulalam field in Brunei, which is expected to improve hydrocarbon recovery.
Berjaya Property Bhd plans to participate in the Perlis Maritime Corridor by subscribing to a 29% equity interest in Manjaran Sdn Bhd for RM57.9mn.
Ajinomoto (Malaysia) Bhd has appointed Maybank Investment Bank Bhd as principal adviser for its proposed privatisation by Japanese parent Ajinomoto Co Inc, while RHB Investment Bank Bhd will act as independent adviser to minority shareholders.
Lianson Fleet Group Bhd plans to dispose of three ageing offshore support vessels this year and acquire two dry bulk vessels under its fleet optimisation strategy to expand its marine transportation business.
Insights Analytics Bhd has signed an MOU with Australia’s Pipeline Inspection and Assessment Pty Ltd to be the exclusive distributor of its pipeline inspection and condition assessment solutions in Malaysia.
Favelle Favco Bhd said its wholly-owned US unit, Favelle Favco Cranes Inc, is facing a US$25.0mn (RM101.8mn) lawsuit in New York over a crane incident.
Bina Puri Holdings Bhd has received approval in principle from participating lenders for its proposed restructuring scheme following mediation by the Corporate Debt Restructuring Committee.
Jati Tinggi Group Bhd has clinched an RM86.0mn contract to undertake the design and construction of a 275‑kilovolt overhead transmission line and related infrastructure works for a data centre at Klang Valley Technology Park in Kapar.
PMW International Bhd has secured an RM11.8mn contract from Global Technological Support Sdn Bhd to supply and deliver pre-stressed spun concrete poles for Malaysia’s fibre‑optics hub project, running until 31 October 2026.
Oasis Harvest Corporation Bhd is selling its entire equity interest in an alcohol trading unit as an ongoing transition towards becoming a shariah-compliant company.
TWL Holdings Bhd has mutually terminated three joint venture agreements signed between 2013 and 2014 for proposed property development projects in Klang, Selangor, after the contractual extension periods expired without the projects being completed.
Handal Energy Bhd, whose shares have been suspended from trading since May, has postponed the issuance of its latest annual report for a fourth time.
SRKK AI Bhd's IPO has been oversubscribed by 312.3 times, with the retail tranche attracting applications worth RM1.4bn ahead of its ACE Market debut on Bursa Malaysia on 9 July 2026.
Kim Loong Resources Bhd’s 1QFY27 net profit increased 31.6% YoY to RM55.2mn, driven by stronger milling margins.
HI Mobility Bhd’s 1QFY27 net profit rose 13.5% YoY to RM16.3mn, supported by contributions from its newly acquired commercial vehicle manufacturing and distribution businesses.
Crescendo Corporation Bhd’s 1QFY27 net profit surged more than 26-fold YoY to RM135.7mn, driven by data centre‑linked land sales in Johor’s Bandar Cemerlang Industrial Park.
Cypark Resources Bhd remained loss‑making for a fourth straight quarter, posting a 4QFY26 net loss of RM16.8mn versus a RM993,000 profit a year earlier, due to higher finance costs, administrative expenses and depreciation.
Apollo Food Holdings Bhd’s 4QFY26 net profit rose 4.5% YoY to RM9.9mn, while revenue climbed 11.0% YoY to RM81.3mn on stronger domestic and export sales.
