3 days Ago
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Nextgreen Global Bhd is forming a partnership with Xiamen C&D Paper & Pulp Group Co Ltd to develop a RM900mn paper pulp plant in Pahang. It will be executed via Nextgreen IOI Pulp Sdn Bhd, a 55:45 JV between Nextgreen Global and IOI Corp Bhd .
Sapura Industrial Bhd has launched a new corporate identity as part of its strategy to diversify into high-growth sectors including pharmaceutical manufacturing, mobility solutions, healthcare, IoT technologies, and the EV ecosystem. Gas Malaysia Bhd said gas supply in the northern region and parts of the Klang Valley has stabilised, although full restoration is still in progress. Sapura Energy Bhd has secured multiple offshore support vessel contracts in Malaysia and Thailand via its operations and maintenance division, with a combined value of nearly RM100mn.
Hextar Technologies Solutions Bhd is divesting a three-acre industrial land with warehouse and office in Pasir Gudang, Johor, for RM16mn. Skyworld Development Bhd via its wholly owned unit Rimba Maju Realiti Sdn Bhd, has acquired a 3.3-acre freehold plot in Mont Kiara, Kuala Lumpur, from MS Tan Corp Sdn Bhd for RM110mn.
Golden Land Bhd is exiting its Indonesian plantation ventures by disposing of its 95% stakes in PT SKMA and PT SBS for RM151.5mn. Paragon Globe Bhd , via wholly owned unit PGB Landmark Sdn Bhd, is disposing of a 3.
53-acre parcel of freehold land in Tanjung Kupang, Johor Bahru, for RM19.23mn to Buildcon Concrete Sdn Bhd. Bina Puri Holdings Bhd announced the retirement of founder director Dr Tan Cheng Kiat and deputy executive chairman Tan Sri Tee Hock Seng, both of whom had served on the board since 1990.
Affin Group Bhd announced that shareholders approved all ten resolutions at its 49th AGM and the bank is proposing a bonus issue on a 1-for-18 basis. OCK Group Bhd shareholders have approved a RM91mn investment in a 116MW large-scale solar plant in Malaysia. Nexgram Holdings Bhd has been served a winding-up petition by Maybank Islamic Bhd over an alleged default of RM1.
77mn related to a financing facility for former sub-subsidiary Tri-G Technologies. Capitaland Malaysia Trust posted a 7.6% YoY increase in distribution per unit to 1.
28 sen in 1QFY25. Net profit rose to RM37.5mn from RM33.
5mn a year ago..
