KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Malayan Banking Bhd
has proposed to acquire Ageas Insurance International's remaining 30.95% stake in Maybank Ageas Holdings for RM4.8bn, aiming to gain full ownership of Etiqa.
Sunway Construction Group Bhd has secured a RM1.02bn engineering contract for mechanical, electrical and plumbing works on a data centre project in Johor.
Press Metal Aluminium Holdings Bhd is acquiring the Koon family's 35.6% stake in PMB Technology for RM465.0mn, raising its interest to 58.8%.
Mah Sing Group Bhd and S P Setia Bhd have mutually agreed to extend the conditional period for Mah Sing's RM273.5mn acquisition of 275 acres in Semenyih by three months to Nov 2, 2026.
Nestcon Bhd has secured a RM74.5mn contract from Exsim Group to construct a 28-storey affordable apartment project in Kwasa Damansara, with completion targeted by January 2029.
AMS Advanced Material Bhd's wholly owned subsidiary has obtained the required licences to commence its aluminium scrap recycling business in Johor.
Aldrich Resources Bhd’s indirect wholly owned subsidiary, Proficient Premium, has obtained approval from the Ministry of Housing and Local Government to operate an online moneylending business under the Moneylenders Act 1951.
MMM Group Bhd plans to appeal Bursa Malaysia's rejection of its PN17 regularisation plan.
Khee San Bhd has fully settled all outstanding debts and discharged its banking facilities following the completion of its regularisation plan.
MARC Ratings has affirmed George Kent (Malaysia) Bhd's sukuk ratings at MARC-1IS/A+IS with a Stable outlook.
Nestlé (Malaysia) Bhd has reduced its greenhouse gas emissions by 31% from its 2018 baseline, surpassing its 2025 target through renewable energy, regenerative agriculture and sustainable packaging initiatives.
MBSB Bank Bhd has entered into a RM400.0mn Shariah-compliant structured receivable purchase facility with Huawei Malaysia to support the deployment of equipment and services for U Mobile's 5G network rollout while enhancing Huawei's working capital.
Xin Hwa Holdings Bhd's external auditor issued a modified audit opinion with a going concern warning due to its RM41.7mn working capital deficit.
Ahmad Zaki Resources Bhd's wholly owned subsidiary, Ahmad Zaki Sdn Bhd, has been served with a winding-up petition over an alleged RM3.94mn outstanding payment related to the EKVE project.
Bintulu Port Holdings Bhd has appointed former Petronas senior executive Anuar Ismail as its new group CEO effective Aug 17, 2026, succeeding Datuk Ruslan Abdul Ghani following his appointment to another Sarawak government-linked company.
