KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
CIMB Group Holdings Bhd
has denied reports of plans to privatise its 92.5%-owned Indonesian banking arm, PT Bank CIMB Niaga Tbk, saying no decision has been made or formal proposal tabled.
RHB Bank Bhd has secured Bank Negara Malaysia's approval to extend negotiations with Tokio Marine Asia Pte Ltd until Feb 11, 2027, over the proposed disposal and integration of its insurance business.
Pavilion REIT’s net profit slipped to RM92.91mil in the third quarter ended Sept 30, 2026, from RM94.58mil a year earlier, while revenue edged down to RM227.29mil.
For the nine-month period, net profit rose to RM287.75mil from RM263.67mil, while revenue increased to RM694.21mil from RM669.4mil.
Foodie Media Bhd posted a more than tenfold increase in net profit to RM4.55mil in the fourth quarter ended Aug 31, 2026, from RM420,000 a year earlier, while revenue surged 82.5% to RM15.8mil.
For the full financial year, the digital media publishing company’s net profit rose 68.4% to RM15.7mil from RM9.3mil, while revenue increased 49.6% to a record RM55.5mil, supported by growth across all four business segments.
TSH Resources Bhd said its Indonesian operations did not contribute to the recent haze, with all 274 hotspots detected within its estate boundaries located outside its operational areas.
Kerjaya Prospek Group Bhd, through a consortium, has secured a RM568.2mil contract from Tenaga Nasional Bhd to develop a transmission main intake substation in Paka, Terengganu, with completion scheduled within 24 months.
Harbour-Link Group Bhd is acquiring two 90-metre self-propelled container vessels for RM56.68mil to expand its fleet capacity, improve operational efficiency and meet growing demand for regional container transportation services.
Exsim Hospitality Bhd, through its wholly-owned subsidiary Exsim Concepto Sdn Bhd, has secured a RM13.49mil subcontract from Binastra Builders Sdn Bhd for carpentry works, with the main project scheduled for completion in June 2028.
Meridian Bhd faces delisting on Nov 3 unless it appeals by Oct 29, after Bursa Malaysia rejected its request for an extension to submit a regularisation plan, with trading suspension set for Oct 30.
