1 day Ago
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Capital A Bhd intends to raise at least USD200.0mn from a secondary listing in Hong Kong as the parent of AirAsia looks to tap mainland Chinese investors and accelerate growth, according to its chief executive officer Tan Sri Tony Fernandes.
FGV Holdings Bhd said it has not received any formal notice from the Federal Land Development Authority with regards to a takeover offer, as published in a news report recently. Malakoff Corporation Bhd has successfully issued its inaugural RM250.0mn ASEAN Sustainability Sustainable and Responsible Investment Sukuk Murabahah under its RM1.
2bn Islamic Medium-Term Notes Programme. LFE Corporation Bhd has accepted the letter of award from Gamuda Engineering Sdn Bhd for mechanical, electrical and plumbing fit-out work at the hyperscale data centre in Elmina Business Park 1A, Selangor, worth RM50.6mn.
Hektar Real Estate Investment Trust has collaborated with Samaiden Group Bhd on a solar deal, aligning with Malaysia's renewable energy transition and long-term carbon reduction targets. Favelle Favco Bhd ’s subsidiaries, Favelle Favco Cranes Pty Limited and Favelle Favco Cranes (M) Sdn Bhd have received RM43.9mn purchase orders for the supply of offshore and tower cranes.
Life Water Bhd is building a new drinking water manufacturing line at its Sandakan Sibuga Plant 1, which will have an annual production capacity of 178mn litres. Practice Note 17 company Ivory Properties Group Bhd is selling a double-storey detached commercial building known as The Birch House in George Town, Penang for RM18.0mn to settle its bank borrowings.
Malaysia Steel Works (KL) Bhd has signed a MoU with Ace Gases Marketing Sdn Bhd and Universiti Tunku Abdul Rahman to deploy innovative carbon capture, utilisation, and storage technologies. YGL Convergence Bhd has announced the resignation of Chengco PLT as its auditor due to suspension of latter’s registration by the Audit Oversight Board of the Securities Commission Malaysia. Kumpulan Jetson Bhd has received a writ of summons from three minority shareholders who are seeking a court order to void a requisition notice dated April 23, 2025, and to halt any corporate action based on it.
Hartalega Holdings Bhd posted a lower net profit of RM14.5mn for 4QFY25 versus RM14.9mn a year ago as lower non-operating income offset gains from improved operations.
Heineken Malaysia Bhd reported a net profit of RM122.2mn for 1QFY25, largely unchanged from RM122.5mn a year earlier, supported by lower interest expenses, effective cost control and improved financial efficiency.
UOA Real Estate Investment Trust’s net profit for 1QFY25 fell 14.6% YoY to RM10.0mn from RM11.
7mn a year ago, due to higher operating expenses. Dufu Technology Corporation Bhd’s net profit for 1QFY25 surged 57.4% YoY to RM7.
0mn from RM4.4mn a year ago, thanks to higher sales of hard disk drive components..
