KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Exsim Hospitality Bhd has proposed to diversify into construction works and centralised procurement of building materials and household appliances, a move expected to contribute at least 25.0% of future net profit.
MISC Bhd
has secured a a firm 15-year period, with an option to extend for a further 15 years, chartering contract from ExxonMobil PNG Ltd to supply a floating storage and offloading unit in Papua New Guinea.
Boustead Heavy Industries Corporation Bhd said controlling shareholder Boustead Holdings Bhd has proposed to privatise the company via a selective capital reduction and repayment exercise at 48.0 sen per share, valuing the deal at RM149.6mn.
EG Industries Bhd said it has held a ground-breaking ceremony for its new manufacturing facility at 304 Industrial Park in Prachinburi, Thailand, via its wholly owned subsidiary, SMT Industries Co Ltd.
Iskandar Waterfront City Bhd said it is disposing of a 16.4-acre parcel of vacant land in Plentong, Johor Bahru, for RM71.6mn.
JS Solar Holding Bhd said it has entered into a two-year memorandum of understanding with Nur Power Sdn Bhd to explore collaboration on rooftop solar renewable energy projects, including battery energy storage systems, within Kulim Hi-Tech Park in Kedah.
Petron Malaysia Refining & Marketing Bhd cautioned that a prolonged force majeure event at its Port Dickson refinery will continue to weigh on its financial performance
TechStore Bhd said its wholly owned subsidiary, Tech-Store Malaysia Sdn Bhd, has secured a RM54.8mn contract from the Ministry of Home Affairs to upgrade the National Registration Department Records System in Putrajaya.
UUE Holdings Bhd has secured two subcontracts related to pipe installation works for power cables in Singapore with a combined value of RM67.5mn.
Axiata Group Bhd has appointed its chief financial officer, Nik Rizal Kamil Nik Ibrahim Kamil, as group chief executive officer and managing director with effect from Jun 1, 2026.
CelcomDigi Bhd said its board has confirmed the appointment of Albern Murty as group chief executive officer.
Vestland Bhd said it has redesignated its chief executive officer Datuk Soo Sze Ching as executive director and group CEO with effect from Jan 2026.
Hartalega Holdings Bhd reported that net profit for 3QFY26 rose 62.0% YoY to RM31.6mn, supported by tax credits despite a 29.0% YoY decline in revenue to RM527.3mn.
Hong Leong Industries Bhd posted a 6.1% YoY increase in net profit to RM137.3mn for 2QFY26.
MClean Technologies Bhd reported an 85.9% YoY surge in net profit to RM11.6mn for FY25, driven by a 15.0% YoY increase in revenue to RM70.5mn, supported by stronger contributions from its precision cleaning and surface treatment services.
Sam Engineering & Equipment Bhd saw net profit for 3QFY26 fall 61.0% YoY to RM12.2mn, dragged by weaker semiconductor demand and adverse forex movements.
Tomei Consolidated Bhd recorded a near 80.0% YoY surge in net profit to RM106.8mn for FY25 amid favourable gold price movements.
Teo Seng Capital Bhd reported that net profit for 4QFY25 nearly halved to RM33.5mn following the removal of government egg subsidies, while revenue rose 3.2% YoY to RM194.4mn.Â
