KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Astro Malaysia Holdings Bhd
slipped into a net loss of RM25.8mil in the second quarter ended July 31, 2026 (2Q27) from a net profit of RM16.39mil a year earlier, as revenue fell 7% to RM633.75mil on lower subscription revenue and weaker Ebitda.
For 1H27, Astro recorded a net loss of RM24.24mil compared with a net profit of RM29.87mil a year earlier, while revenue declined 7% to RM1.29bil on lower subscription and advertising revenue.
KIP Real Estate Investment Trust (KIP REIT) has surpassed its RM2bil assets under management (AUM) target for 2027 ahead of schedule following the RM435mil acquisition of KIPMall Setapak.
The acquisition adds its 20th property and first in Kuala Lumpur, with income contribution expected from 2Q27.
UWC Bhd’s financial year ended July 31, 2026 (FY26) net profit surged 132% to RM93.84mil as revenue grew 54% to RM594.89mil, driven by stronger semiconductor demand and increased contributions from higher-value products.
For 4Q26, net profit jumped nearly 130% to RM37.60mil as revenue soared 71%, supported by stronger semiconductor demand, a favourable product mix and better absorption of operating costs.
NexG Bhd shareholders have approved the company’s return to the Datasonic Group Bhd name as it seeks to leverage the established brand to expand its international presence.
Fraser & Neave Holdings (F&N) has appointed Tarang Gupta as chief executive officer effective Oct 1, succeeding Lim Yew Hoe, who has retired.
WTK Holdings Bhd has proposed to sell three industrial properties in Penang to a NationGate unit for RM38mil cash, resulting in an estimated net pro forma gain of RM30.46mil.
Divfex Bhd has secured two supply agreements worth a combined RM120.12mil to provide key equipment for a 15MW data centre fit-out in Penang.
Exsim Hospitality Bhd has secured three subcontract contracts worth a combined RM27mil for reinforced concrete, aluminium and glazing works in Selangor, Pahang and Kuala Lumpur.
Willowglen MSC Bhd has secured two contracts worth a combined RM24.9mil from Singapore’s SP PowerAssets Ltd for the maintenance of SCADA systems in cable tunnels.
PTT Synergy Group Bhd is proposing to acquire four factory properties in Klang from Sime Darby Property (Bukit Raja) for RM32mil to accommodate its business expansion.
Chin Hin Group Property Bhd is proposing to sell its stakes in four companies involved in the commercial vehicles and bodyworks business to HSG Sdn Bhd for RM62mil.
