4 hours Ago
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. AmBank (M) Bhd is taking legal action to auction off a property in Bandar Kundang, Rawang, owned by the late Kee Kok Thiam, a former aide to fugitive businessman Low Taek Jho, to recover a housing loan of RM1mn. Nestle (Malaysia) Bhd has partnered with KDEB Waste Management Sdn Bhd to enhance its efforts in addressing plastic waste through sustainable solutions.
MGB Bhd is proposing to settle RM7.2mn with joint venture partner Aset AZG Sdn Bhd to kickstart a serviced apartment project in Cameron Highlands which has been on the back burner for six years. Southern Steel Bhd is disposing of a 55% stake, comprising 12.
8mn shares in its subsidiary Southern Steel Mesh Sdn Bhd to Singapore-based BRC Asia Ltd for RM61.1mn in cash. DPS Resources Bhd is partnering with Invest Energy Sdn Bhd to develop solar farms and other infrastructure to support its proposed artificial intelligence data centre and high-tech industrial park in Alor Gajah, Melaka.
Scanwolf Corp Bhd has secured a letter of award from Asianmax Corporation Sdn Bhd for the relocation of water supply in Gombak, Selangor, worth RM16.6mn. Norges Bank, which manages Norway’s government pension fund, has emerged as a substantial shareholder in automated test equipment maker Pentamaster Corp Bhd with a 5.
3% stake. Reach Ten Holdings Bhd's IPO shares have been oversubscribed by 1.85 times ahead of its listing on the Main Market of Bursa Malaysia next month.
Alpha IVF Group Bhd posted a 12.4% YoY decline in net profit for its third quarter, dragged by expansion costs and lower contributions from its Singapore operations. Aneka Jaringan Holdings Bhd posted a net profit of RM749,000 for 2Q25, up from RM121,000 in the same period last year.
Revenue rose 23.5% YoY to RM67mn, supported by stronger contributions from ongoing projects and improved execution efficiency in both Malaysia and Indonesia..
