KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
MN Holdings Berhad
’s unit MN Utilities Engineering Sdn Bhd, in a joint venture with Pembinaan Tajri Sdn Bhd, has secured a RM122.3mn contract from Tenaga Nasional Bhd to install a new 132-kilovolt underground cable system in Penang.
AME Elite Consortium Bhd will construct a 220,000sf. manufacturing facility in Iskandar Puteri, Johor, for HYA Industry (Malaysia) Sdn Bhd. The plant will focus on the research, development, and production of aerospace components and medical orthopaedic implant forgings.
Businessman Datuk Eddie Ong Choo Meng has ceased to be a substantial unitholder of Hektar Real Estate Investment Trust. Ong disposed of 7.1mn units via the open market on 7 August 2026, trimming his unitholding to 4.998%.
Inta Bina Group Bhd has secured a RM115.7mn contract from Sime Darby Property to build 61 three-storey houses in KL East.
Hextar Retail has received a conditional voluntary takeover offer from its major shareholders at a cash offer of 43.0sen/share, representing a 7.5% premium to Hextar Retail's closing price of 40 sen on 7 August 2026.
Industronics Bhd is being sued by one of its substantial shareholders over a loan agreement involving the group and certain directors or officers.
Econframe Bhd announced the emergence of Chinese national Zheng Jinding as its second-largest shareholder.
United Asiapac Energy Bhd’s initial public offering has been oversubscribed by 21.0 times for the portion offered to the Malaysian public, ahead of its listing on Bursa Malaysia’s ACE Market.
Hup Seng Industries Bhd’s 2QFY26 net profit surged by 21.0% YoY to RM10.3mn, mainly due to lower input costs of certain major materials and higher revenue recorded. Hup Seng declared a second interim single-tier dividend of 1.0sen/share for FY26.
Well Chip Group Bhd’s 2QFY26 net profit rose 17.9% YoY to RM23.9mn while revenue increased 8.7% YoY to RM71.6mn, driven by continued demand for pawn loan financing.
