Malaysia Corporate News: New Deals, Big Plans and Some Warning Signs
From a RM4bn industrial park to going-concern warnings, Malaysian companies had a busy news day. Some are growing fast, while others are under pressure.
Malaysian companies made many announcements this week. Some are planning big projects and buying assets. Others got worrying notes from their auditors. Here is a simple look at what happened.
Big projects and new deals
UEM Sunrise has joined hands with AME Elite Consortium to build a 402-acre industrial park in Gerbang Nusajaya, Johor. The project has an estimated gross development value of RM4bn.
In another tie-up, PKNS and PETRONAS Dagangan signed an MOU. They will look at PKNS land that can be used for petrol stations and related service facilities.
Mi Technovation is buying a seven-storey light industrial building in Singapore for S$103.9m (about RM331.8m). It plans to use the site as a global hub for its vehicle technologies business.
Lianson Fleet Group has bought a heavy-lift vessel that can handle loads of up to 4,000 tonnes. The company is controlled by Yinson's group executive chairman Lim Han Weng and wants to grow in the offshore marine sector.
AirAsia Group plans to start flights to Bahrain by March 2027, depending on regional conditions. It has also named its Bahrain board of directors.
Energy and telecom
Malakoff has set up a RM700m green sukuk programme. The money will help fund Melaka's first waste-to-energy plant in Sungai Udang, which should be ready in 2029.
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