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KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Genting loses RM1.6bil in market value after cash call
PETALING JAYA: Genting Bhd shares plunged to a near two-decade low as investors balked at its proposed RM1.25bil rights issue, with concerns mounting over potential earnings dilution and whether the fundraising would do enough to ease the group's hefty debt burden.
SDS earnings seen stable in FY27 amid cost pressures
PETALING JAYA: SDS Group Bhd's overall earnings are expected to remain broadly stable for the financial year 2027 (FY27) amid cautious consumer spending, says TA Research.
Swift Energy wins RM59mil purchase orders
PETALING JAYA: Swift Energy Technology Bhd has secured six purchase orders worth a combined RM59.07mil for data centre, oil and gas and solar power projects in Malaysia and Thailand.
Julie Ng named RAM’s acting group CEO
KUALA LUMPUR: RAM Holdings Bhd has appointed Julie Ng as its acting group chief executive officer (CEO) and RAM Rating Services Bhd executive director, effective Oct 1, 2026.
IOIPG-REIT advances IPO plans with six bank underwriting pacts
PETALING JAYA: IOIPG Malaysia Real Estate Investment Trust (IOIPG-REIT) has entered into an underwriting agreement with six financial institutions for its initial public offering (IPO) on the Main Market of Bursa Malaysia.
Kerjaya Prospek ramps up DC push as larger MEP wins drive growth
PETALING JAYA: Kerjaya Prospek Group Bhd is expanding its presence in data centre (DC) construction as it pursues larger contracts beyond its traditional residential building projects, according to an initiation report by MBSB Research.
Masteel to acquire 51% stake in Anpec
PETALING JAYA: Malaysia Steel Works (KL) Bhd (Masteel) has signed a share sale agreement to acquire a 51% stake in Anpec Global Corp Sdn Bhd for RM12mil, complementing its steel operations with high-voltage engineering capabilities.
Tee family in UMB mandatory takeover offer
PETALING JAYA: The Tee family has launched a mandatory takeover offer worth RM670mil for oil palm grower United Malacca Bhd (UMB) after buying out Great Eastern Life Assurance (Malaysia) Bhd's stake.
Kinergy bags RM47.5mil DC project
KUALA LUMPUR: Kinergy Advancement Bhd has secured a RM47.5mil subcontract job from Gamuda Engineering Sdn Bhd for a data centre (DC) electrical package.
