KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
SC Estate Builder Bhd has entered into a joint venture agreement with Vanguard North Sdn Bhd to develop four parcels of land in Kubang Pasu, Kedah, with a GDV of RM663.4mn.
Lianson Fleet Group Bhd is expanding beyond the offshore support vessel segment with the acquisition of two Korean-flagged Supramax bulk carriers for a total consideration of USD27.5mn.
Meridian Bhd has secured a RM40.5mn contract to undertake main building and associated works for a government housing project in Kedah.
Pharmaniaga Bhd is acquiring a freehold factory and office building on 10,919 sq m of land in Seberang Perai Selatan, Penang, for RM30.0mn.
The Employees Provident Fund has become a substantial shareholder of Johor-based bakery company SDS Group Bhd for the first time, with a 5.1% stake.
Hua Yang Bhd sold 22.6mn shares, representing a 5.7% equity interest in Magna Prima Bhd, for RM16.5mn cash via a direct business transaction on Sept 17.
Niche Capital Emas Holdings Bhd has obtained shareholders’ approval for a private placement of approximately 296.7mn new shares.
Trading in the securities and structured warrants of Solarvest Holdings Bhd will be suspended from 9:00 a.m. on Sept 22, 2025, pending an announcement.
Techna-X Bhd has proposed to dispose of its entire 100% equity interest in Caseria Pasifika Sdn Bhd, held via its wholly owned subsidiary Craveat International Sdn Bhd, for RM4.5mn.
Classita Holdings Bhd will change its name to NexG Bina Bhd, effective 9:00 a.m. on Sept 23, 2025. The company’s securities will be traded under the new stock short name NEXGBINA, replacing the previous code CLASSITA.
Powertechnic Group Bhd has signed an underwriting agreement with TA Securities Holdings Bhd for its upcoming initial public offering on the ACE Market of Bursa Malaysia Securities Bhd.
Gamuda Bhd’s net profit jumped 21.9% YoY to RM332.2mn in 4QFY25, from RM272.5mn a year earlier, mainly thanks to stronger contribution from domestic construction projects.
EWI Capital Bhd recorded a net loss of RM8.23mn for 3QFY25, little changed from the RM8.19mn it incurred a year ago, weighed down by foreign exchange losses and weaker contributions from its Ballymore joint venture.