.KUALA LUMPUR: Here is a wrap-up of the news that brought in headlines in Company Malaysia. A consortium led through Khazanah Nasional Bhd has actually introduced a formal offer to take Malaysia Airports Holdings Bhd exclusive for RM11.0/ portion after fulfilling all pre-conditions for the deal. Sime Darby Bhd has rebranded as “Sime” to mirror its own future vision and renewed concentrate on the auto and industrial devices markets.
Pantech Team Holdings Bhd said it has gotten confirmation coming from the Stocks Commission Malaysia to list pair of fully possessed subsidiaries on the Key Market of Bursa Malaysia by means of an unique function car. Practice Note 17 provider Barakah Offshore Oil Bhd claimed it is going to need to have to reformulate its own regularisation planning after acquiring an adjudication sum of RM78.8 mn and also updates on tendering arrangements. Meta Bright Group Bhd’s 70.0%- owned subsidiary, Expogaya Sdn Bhd, has actually safeguarded a concrete source agreement worth about RM60.0 mn coming from Megamas Jaya Sdn Bhd.
Mudajaya Group Bhd has actually secured a RM41.3 mn building and construction arrangement from MJC Metropolitan area Advancement Sdn Bhd. Citaglobal Bhd has taken part in a handle the Slot of Baku to cultivate a 5.4 megawatt photo voltaic photo-voltaic facility in Azerbaijan. Cropmate Bhd, a specialty fertilizer manufacturer as well as supplier, has specified its own initial public offering price at 20.0 sen/share to increase RM42.0 mn at its own future ACE Market listing.
Sunsuria Bhd is obtaining a 20.0% concern in property developer KL Area Gateway Sdn Bhd for RM10.5 mn and also ultimately inject concerning RM40.0 mn in shareholder breakthroughs to the provider to establish a 9.7-acre site in Kampung Sungai Baru in Kampung Baru, Kuala Lumpur. Prolintas Infra Service Count on mentioned it will certainly certainly not encounter any type of monetary losses after its own subsidiary, Prolintas Expressway Sdn Bhd, was gotten by a mediator to spend RM46.1 mn to Bina Puri Holdings Bhd’s associate business KL-Kuala Selangor Freeway Bhd. Bahvest Assets Bhd, a Sabah-based gold mining business, has proposed modifying its own name to Aumas Funds Bhd.
Cypark Resources Bhd stated its own floating sunlight farm at Danau Tok Uban, Kelantan has been permitted to begin operations on Nov 16, 2024. Bursa Securities has permitted the transfer of Infoline Tec Team Bhd’s entire issued portion funds coming from the ACE Market to the Key Market. Petra Power Bhd has actually protected a four-year contract coming from Sarawak Covering Bhd and also Sabah Layer Oil Business Ltd for the arrangement of overseas crane functions and also upkeep services.
Farm Cost Holdings Bhd has actually junked its recently announced prepare for a one-for-two bonus offer issue of warrants, saying it will certainly take another look at the program following year instead. Kossan Rubber Industries Bhd’s internet revenue dropped 28.2% YoY to RM29.4 mn for 3QFY24, coming from RM41.0 mn a year back, primarily dragged by higher resources prices as well as unrealised forex losses. Ge-Shen Enterprise Bhd’s net income jumped 46.4% YoY to RM3.1 mn in 3QFY24, from RM2.1 mn a year previously, steered through contributions from both existing factory as well as from a newly acquired subsidiary in Kedah.
Betamek Bhd’s internet income jumped 84.5% YoY to RM10.5 mn in 2QFY25, from RM5.7 mn a year previously, due to successful cost monitoring, and also an one-off gain on unification of RM6.3 mn adhering to the acquisition of Sanshin (Malaysia) Sdn Bhd. Malaysia Smelting Corporation Bhd published a 20.9% YoY boost in net profit to RM14.3 mn for 3QFY24, coming from RM11.8 mn a year earlier due to the raised sales of processed container and also higher typical tin rates.