KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Trading in FGV Holdings Bhd will be suspended on August 15 as the Federal Land Development Authority surpasses the 90% shareholding threshold to privatise the company.
Paramount Corp Bhd plans to acquire a 28% stake in the Singapore Exchange-listed Envictus International Holdings Ltd — operator of Texas Chicken and San Francisco Coffee — for SGD38.3mn.
Zetrix AI Bhd has confirmed its exit from foreign worker permit renewal services following the expiry of its contract announced in July 2023.
United Malacca Bhd is acquiring the remaining 17% effective interest in its Indonesian plantation subsidiary, PT Lifere Agro Kapuas, for USD10mn to streamline regional operations.
Jati Tinggi Group Bhd has secured a RM31.6mn subcontract from Pintar Gembira Sdn Bhd for 11kV underground cable works in Selangor and the South Zone.
Focus Point Holdings Bhd expects a RM300,000 monthly rental cost increases due to the expanded sales and service tax covering rental.
Yoong Onn Corp Bhd has incurred an estimated loss of RM30mn because of the fire that broke out at the Singapore factory and warehouse of its 60%-owned subsidiary, T.C. Homeplus Pte Ltd.
Camaroe Bhd, a vertically integrated aquaculture company specialising in farming and processing black tiger prawns, has signed an underwriting agreement with M&A Securities for its upcoming IPO on the ACE Market of Bursa Malaysia.
Bursa Malaysia Bhd reported a 29.07% YoY drop in 2QFY25 net profit to RM57.1mn, driven by a 22% decline in securities market revenue.
IGB Real Estate Investment Trust reported a 9.5% YoY increase in net property income to RM119.9mn for 2QFY25, supported by higher rental income and a 6.8% rise in revenue to RM160.1mn.
Chin Teck Plantations Bhd posted a record net profit of RM34.7mn for 3QFY25, marking a 52.8% YoY increase, driven by higher sales volumes and improved palm product prices.
Dufu Technology Corp Bhd’s 2QFY25 net profit plunged 66.8% YoY to RM2.8mn, hit by RM4.6mn in forex losses and rising costs.
DXN Holdings Bhd reported a 13.6% drop in 1QFY26 net profit to RM73.9mn, citing foreign exchange losses from a stronger ringgit.
Tasco Bhd’s 1QFY26 net profit rose 30.7% YoY to RM9.2mn, driven by stronger contributions from its international business solutions segment.