KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Notion VTEC Bhd is acquiring four hectares of vacant freehold agricultural land in Kapar, Klang, for RM29.6mn to support its manufacturing expansion.
Perbadanan Kemajuan Negeri Perak and Gamuda Bhd have signed an exclusive agreement to develop infrastructure addressing water shortages in Northern Perak.
Inari Amerton Bhd’s profit margins are expected to be diluted in the coming years due to capital expenditure plans for advanced packaging solutions, aiming to expand into the logic and memory segment of the tech sector.
Icon Offshore Bhd will be traded under its new name, Lianson Fleet Group Bhd, effective Feb 7. Its new stock short name is LFG, while the short name for its warrants A 2020/2028 is LFG-WA. The company’s stock number remains 5255.
Bank Islam Malaysia Bhd’s wholly owned unit, BIMB Holdings Sdn Bhd, has partnered with RELDYN Tech Sdn Bhd to establish a fintech entity, FINODYN Sdn Bhd.
Northern Solar Holdings Bhd is seeking additional solar projects from the public and private sectors following updated self-consumption programme guidelines.
Zecon Bhd has signed a non-binding MoU with Sabah state-owned Petrosabah Sdn Bhd to explore a large-scale floating solar project in Lahad Datu.
IHH Healthcare Bhd is seeking up to ₹109.3bn (RM5.7bn) in compensation from Japan’s Daiichi Sankyo Co Ltd over its stake acquisition in India’s Fortis Healthcare.
MN Holdings Bhd has terminated its partnership with Intelligent Pie Consulting Sdn Bhd, aimed at securing operational technology cybersecurity tenders.
Scomi Energy Services Bhd will be delisted from Bursa Malaysia on Feb 12 after failing to submit a regularisation plan within the deadline.
Bina Puri Holdings Bhd is restructuring its loan with Export-Import Bank of Malaysia Bhd after the bank filed a winding-up petition on Tuesday.
Khazanah Nasional Bhd’s profit from operations fell to RM5.1bn from RM5.9bn in 2023, with MD Datuk Amirul Feisal Wan Zahir attributing the higher 2023 profits to exceptional items, including RM1.8bn from PLUS bond monetisation.
Lotte Chemical Titan Holding Bhd reported a net loss of RM1.2bn, widening from RM780.3mn in FY23, driven by impairment loss, higher associate losses, forex impact, and increased finance costs and expects the global macroeconomic environment to remain volatile in the near term.
British American Tobacco (M) Bhd posted a 3.4% YoY increase in 4QFY24 net profit to RM49.0mn from RM47.4mn, supported by higher year-end seasonal sales but offset by higher tax expenses.
