KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
UEM Sunrise Bhd
and AME Elite Consortium Bhd formed a 50:50 joint venture to develop a 402.1-acre managed industrial park in Gerbang Nusajaya, Johor, with an estimated gross development value (GDV) of RM4bil.
SkyeChip Bhd's 2QFY26 net profit rose 27.2% q-o-q to RM17.7mil, while revenue grew 9.1% to RM54.2mil, driven by strong silicon IP demand.
For 1HFY26, SkyeChip recorded a net profit of RM31.6mil on revenue of RM103.8mil, supported by demand for its silicon IP offerings.
CelcomDigi Bhd secured 2x20MHz in the 2600MHz and 2x5MHz in the 900MHz spectrum bands for RM381.75mil, strengthening its spectrum holdings to support wider network coverage across Malaysia.
Maxis Bhd received MCMC's spectrum assignment for 2x10MHz in the 2600MHz frequency band, effective Nov 1, 2026.
MI Technovation Bhd proposed to acquire a seven-storey industrial building in Singapore for S$103.88mil (RM331.8mil) to establish a global operational hub for its vehicle technologies business, with completion expected in 1Q2027.
Kimlun Corp Bhd raised RM31.66mil through two tranches of Islamic Commercial Papers, with tenures of six months and one year, to fund working capital, capital expenditure, general corporate purposes and debt refinancing.
Cuscapi Bhd proposed a capital reduction of up to RM190mil to eliminate accumulated losses and restore retained earnings to RM46.3mil, alongside an employee share issuance scheme of up to 15% to raise fresh funds.
Hwa Tai Industries Bhd appointed Yee Lee Trading as its sub-distributor for Sabah and Labuan to expand the distribution and market reach of its HWA TAI and PESTA products.
Lianson Fleet Group Bhd acquired its first offshore heavy lift vessel, LFG Hercules, equipped with a 4,000-tonne lifting capacity, to expand its offshore services and tap opportunities in offshore wind projects and oil and gas decommissioning.
MAA Group Bhd received an unqualified audit opinion with a material going concern uncertainty after posting FY26 net losses of RM106.9mil and a working capital deficit, with mitigation plans including RM139.1mil asset disposals, loan recoveries and shareholder financial support.
YNH Property Bhd secured its first unmodified audit opinion in four years, while cutting borrowings by 23.3% to RM409.8mil and strengthening corporate governance.
The group is pursuing RM625mil in proposed land disposals to further reduce debt and support ongoing development projects.
IGB Real Estate Investment Trust’s (IGB REIT) 3QFY26 net profit surged 50.8% year-on-year (y-o-y) to RM144.2mil, driven by Southkey's maiden contribution and stronger rental income from existing malls.
For 9MFY26, net profit rose 51.4% y-o-y to RM446.2mil, supported by higher revenue contributions from Southkey and improved mall performance.
JagaSolution Bhd's auditors flagged going concern uncertainty following the financial year ended June 30, 2026 (FY26) losses and cash flow pressures, as the company implements cost-cutting measures, secures shareholder financial support and explores new collaborations to restore profitability.
