KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
CIMB Group Holdings Bhd
’s 94.83%-owned subsidiary CIMB Thai Bank PCL posted an 8.4% increase in net profit to 908.2mn Thai baht (about RM112.1mn) for the first quarter, driven by lower expected credit losses and operating expenses.
Employees Provident Fund has ceased to be a substantial shareholder of Sunway Healthcare Holdings Bhd after trimming its stake below 5% via a recent share disposal.
NexG Bhd executive chairman Ishak Ismail and CEO Abu Hanifah Noordin have entered into reciprocal put and call option arrangements covering 323.7mn shares (9.28% stake), allowing potential transfer of Abu Hanifah’s entire direct shareholding at pre-agreed prices.
Silver Ridge Holdings Bhd has secured RM2.5mn in contracts to build three two-storey shophouses in Kapar, Selangor, with works commencing in April 2026 and targeted for completion by July 2028.
Uzma Bhd has inked a MOU with Boustead Holdings Bhd to assess a potential collaboration in satellite-based communications and geospatial data, particularly for defence and security applications.
Enra Group Bhd has entered into a non-binding MOU with Boustead Holdings Bhd to explore collaboration in naval maintenance, repair and overhaul services, alongside potential joint tender participation and technical capability sharing.
Chin Hin Group Property Bhd has decided not to proceed with the remaining portion of its private placement exercise after securing RM73.9mn out of the planned RM105mn upon the expiry of the extended implementation period.
GrandCape (M) Sdn Bhd, a joint venture of Cape EMS Bhd and New Grand Tech (HK) Ltd, is expected to generate US$7mn (RM27.7mn) in revenue per month with four current flexible flat cable production lines.
Uchi Technologies Bhd is increasing its FY26 capex to RM5mn (vs.
Karex Bhd plans to raise prices by 20–30% amid rising raw material and freight costs caused by supply chain disruptions linked to the Iran conflict, while passing on higher costs to customers.
Steel Hawk Bhd has initiated legal action seeking at least RM14.4mn against a former partner and others over alleged breach of trust and fund misappropriation tied to engineering projects involving Tenaga Nasional Bhd.
KK Mart Retail Bhd plans to list on Bursa Malaysia via an IPO of up to 840mn shares, including 210mn new shares to fund store expansion, logistics, digital investments and debt repayment.
EI Power Bhd is launching its ACE Market IPO at 48 sen per share to raise RM62.2mn for expansion, with listing slated for May 21 and an additional RM33.6mn from an offer for sale by existing shareholders.
