Atlan flags challenging 4Q26 as 3Q profit plunges
PETALING JAYA: Atlan Holdings Bhd is anticipating that its operating business environment will remain challenging for the last quarter of the group's financial year 2026 (FY26) ending February, due to rising product and operating costs.
BHIC partners with French DCI to explore defence collaboration
KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd (BHIC) has entered into a non-binding collaboration agreement with French defence services company Défense Conseil International (DCI) to establish a framework for exploring potential long-term cooperation in Malaysia.
TNB signs Energy Wheeling Agreement
PETALING JAYA: Tenaga Nasional Bhd (TNB), Electricite Du Laos (EDL) and the Electricity Generating Authority of Thailand (EGAT) have signed a tripartite Energy Wheeling Agreement Phase 2 under the Lao People's Democratic Republic (Lao PDR)–Thailand–Malaysia–Singapore Power Integration Project (LTMS-PIP 2.0), marking a further step in advancing the Asean Power Grid initiative.
WTK seeks shareholders’ approval for RM555mil plantation acquisitions
KUALA LUMPUR: WTK Holdings Bhd has issued a notice of extraordinary general meeting to seek shareholders' approval for the proposed acquisition of a 100% stake in Desacorp Sdn Bhd, a 70% stake in Imbok Enterprise Sdn Bhd and a 70% stake in WTK Oil Mill Sdn Bhd (WTK OM) from related party WTK Realty Sdn Bhd for a total cash consideration of RM555mil.
TRC Synergy Bhd wins RM249mil construction job
PETALING JAYA: TRC Synergy Bhd has secured a contract from Gilang Cendana Sdn Bhd for a construction project in Putrajaya, worth RM249mil.
BP flags up to US$5bil in energy transition impairments, weak oil trading
LONDON: BP expects to book $4 billion to $5 billion in impairments in the fourth quarter, mainly related to its energy transition businesses, it said on Wednesday, while flagging weak oil trading.
Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse
HIGH-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic.
Netflix prepares all-cash offer for Warner Bros, source says
NETFLIX is preparing to make an all-cash offer for Warner Bros Discovery's studios and streaming businesses, a source familiar with the matter told Reuters on Tuesday.
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KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Rimbunan Sawit disposes Sarawak asset
Rimbunan Sawit Bhd is disposing of a parcel of land measuring approximately 1,504 ha situated at Batang Baram, Baram in the Miri division of Sarawak, to Trinity Capital Resources Sdn Bhd for RM28mil.
