KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Sunway Bhd
said a consortium comprising its 30.0%-owned joint ventures has secured a land parcel at Bayshore Drive, Singapore for S$2.13bn after submitting the highest bid.
Velesto Energy Bhd’s indirect wholly owned subsidiary, Velesto Drilling Sdn Bhd, has mutually terminated a four-year drilling contract worth over US$90.0mn for the NAGA 8 jack-up rig with PC Ketapang II Ltd, PC North Madura II Ltd and Petronas North Ketapang Sdn Bhd.
Awanbiru Technology Bhd said its subsidiary, Awantec Systems Sdn Bhd, has extended its Cloud Framework Agreement with the Malaysian Administrative Modernisation and Management Planning Unit and Google Cloud Malaysia Sdn Bhd for up to 12 months.
ECM Libra Group Bhd’s wholly owned subsidiary, Desaru Beachfront 2 Sdn Bhd, has accepted a RM120.0mn term loan and RM10.0mn revolving credit facilities from RHB Bank Bhd to part-finance the development of a beachfront hotel and for working capital purposes.
MUI Properties Bhd said its indirect 60.0%-owned subsidiary, West Synergy Sdn Bhd, will dispose of an industrial land parcel in Bandar Springhill, Negeri Sembilan to Antmed Malaysia Sdn Bhd for RM18.7mn cash.
PRG Holdings Bhd said its indirect wholly owned subsidiary, Premier Construction (International) Sdn Bhd, has filed a winding-up petition against Premier De Muara Sdn Bhd over alleged unpaid construction claims amounting to RM64.2mn.
Ramssol Group Bhd said its indirect wholly owned subsidiary, Rams Fintech Sdn Bhd, has entered into a memorandum of agreement with AmBank (M) Bhd to formalise their collaboration on the "Pay Day Now" Earned Wage Access programme.
Reservoir Link Energy Bhd said its wholly owned subsidiary, Reservoir Link Sdn Bhd, has obtained 10-year licences from the Energy Commission to transport natural gas and import liquefied natural gas under Malaysia's third-party access framework.
Lim Seong Hai Capital Bhd has proposed to transfer the listing of its entire issued share capital from the ACE Market to the Main Market of Bursa Malaysia via the accelerated transfer process, having met the relevant listing requirements.
MN Holdings Bhd has received approval from the Securities Commission Malaysia to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia.
MI Technovation Bhd’s reported 2Q26 net profit of RM55.2mn, up from RM15.8mn a year earlier, driven by stronger demand for semiconductor products, higher average selling prices, improved product mix, better operational efficiency and favourable foreign exchange rates.
