KUALA LUMPUR: Here is recap of the announcements making headlines in Corporate Malaysia.
Genting Bhd
awarded a USD1.0bn contract to Wison New Energies Co Ltd for the construction of a floating liquefied natural gas facility that will be deployed at Teluk Bintuni, West Papua in Indonesia.
Press Metal Aluminium Holdings Bhd is planning to sell its entire 25.0% stake in aluminium oxide producer PT Bintan Alumina Indonesia in exchange for a 25.6% stake in Hong Kong firm Nanshan Aluminium International Holdings Ltd in a deal worth USD329.8mn.
IHH Healthcare Bhd and Sunway Medical Centre are among bidders for Malaysia’s Island Hospital, which is owned by Asian buyout fund Affinity Equity Partners and could fetch USD1.0bn, according to people familiar with the matter.
Maxis Bhd and CelcomDigi Bhd have fulfilled the conditions precedent for their subscription of a 14.0% stake each in state-owned 5G network Digital Nasional Bhd.
WCT Holdings Bhd has secured a contract worth RM249.7mn to undertake works for additional lanes for the North-South Expressway expansion project.
Hengyuan Refining Company Bhd has shut down its long residue catalytic cracking unit for inspection and repair following a leakage found at the carbon monoxide boiler.
FSBM Holdings Bhd has regularised its financial condition and no longer triggers any of the criteria under Paragraph 2.1 of PN17 of the Main Market Listing Requirements.
Kinergy Advancement Bhd is seeking to raise up to RM66.2mn from a private placement to finance its renewable energy projects and repay its loans.
Hextar Healthcare Bhd announced that a fire broke out at its factory in Bercham industrial area in Ipoh on June 18, 2024.
TAS Offshore Bhd said it has entered into a deal to buy 14.4 hectares of land in Sarawak for RM12.0mn cash to expand its shipyard business.
Nestcon Bhd has accepted a RM21.0mn contract for the design, engineering, procurement, construction, installation, testing and commissioning of the solar photovoltaic plant at Sungai Selangor Phase 1 Water Treatment Plant.
Tex Cycle Technology (M) Bhd said that its 30%-owned GLT BP Power Sdn Bhd biogas power plant in Bukit Pasir, Johor, has commenced operations.
Dataprep Holdings Bhd said its proposed acquisition of a 70.0% stake in a network connectivity services provider, DACS Network Solutions Sdn Bhd, has fallen through.
Binastra Corporation Bhd's net profit jumped 215.7% YoY to RM18.1mn in 1QFY25, from RM5.7mn a year ago, mainly driven by better contributions from its construction unit.
Eco World Development Group Bhd reported an 11.7% YoY increase in net profit to RM70.0mn for 2QFY24, up from RM62.7mn a year ago, driven by higher revenue and cost savings in completed and near-completion development projects.