KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
MNRB Holdings Bhd
is selling its Islamic insurance business, Takaful Ikhlas, to Bank Kerjasama Rakyat Malaysia Bhd, better known as Bank Rakyat, for RM1.6bn in cash.
SNS Network Technology Bhd expects to recognise revenue from its US$298.7mn (RM1.2bn) contract for the supply of high-performance artificial intelligence (AI) servers to a Singapore-based customer in its current fiscal year.
Vantris Energy Bhd has secured RM830.0mn work orders from Petroliam Nasional Bhd’s upstream arm to provide transportation, installation and tender-assisted drilling rig services in Malaysia.
Vestland Bhd has proposed a private placement of up to 94.4mn new shares (10% of its issued share capital), to raise gross proceeds of up to RM60.4mn for working capital.
OM Holdings Ltd binding offtake agreement with Australian miner Element 25 Ltd to purchase manganese concentrate from the latter's Butcherbird Mine in Western Australia.
GFM Services Bhd has secured additional release orders worth RM83.1mn for major turnaround works at the Pengerang Integrated Complex in Johor.
K-One Technology Bhd is disposing of its cloud business arm G-AsiaPacific Sdn Bhd to Tokyo-listed ITOCHU Corp and its Singapore unit ITOCHU Singapore Pte Ltd for RM94.0mn, as the group seeks to unlock the value of its investment.
West River Bhd has secured two mechanical and electrical subcontracts worth RM11.1mn for an apartment project.
Manforce Group Bhd has been awarded an RM3.4mn project by Orgabio Manufacturing Sdn Bhd to provide foreign worker management services over a period of three years.
Capital A Bhd recorded growth across several key business segments in the 2Q26 driven by stronger performance in its engineering, logistics and travel-platform businesses.
Hartalega Holdings Bhd’s 1QFY27 net profit surged near-sixfold YoY to RM70.0mn, primarily attributable to higher operating profit, increased investment-related income and significantly lower net foreign exchange losses during the period.
