KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
XTRC Synergy Bhd confirmed its 30% stake in the JV awarded the RM2.7bn Penang LRT Mutiara Line cross-sea extension contract, translating into an estimated attributable contract value of RM807mn.
Nestcon Bhd has bagged a RM161mn construction contract to build a 36-storey serviced apartment block in Bandar Baru Ulu Kelang, Gombak.
Microlink Solutions Bhd has secured a 12-month extension worth RM59.6mn for its contract to provide the advance passenger screening system for the Immigration Department.
APB Resources Bhd is disposing of Menara APB for RM45mn cash to a Selangor government-linked entity, expecting a net gain of RM3.2mn, with proceeds primarily earmarked for debt repayment.
Genetec Technology Bhd is exiting its 50% stake in the loss-making CG BESS JV with Citaglobal Bhd for a nominal RM1, alongside transferring its RM2.2mn intercompany receivable.
A consortium comprising MISC Bhd, Yinson Holdings Bhd's founding Lim family and the Employees Provident Fund has submitted a formal proposal to privatise Yinson at RM2.50 per share, valuing the energy infrastructure group at RM7.3bn.
Zetrix AI Bhd has partnered with China's CAICT to launch a Know Your Agent service that verifies AI agents' identities, authority and permissions, with a planned cross-border pilot across the Middle East, Africa, China and ASEAN to support trusted and accountable AI transactions.
Matrix Concepts Holdings Bhd, together with Alpro Group and Mercy Senior Care Centre Sdn Bhd, has broken ground on the Avida Mercy Nursing Care Centre at Suria Heights in Bandar Sri Sendayan, Negri Sembilan.
Unisem (M) Bhd’s 3QFY26 net profit surged 59% YoY to RM30.7mn, driven by higher sales volume, improved gross margins and other operating income, although 9MFY26 earnings declined 21% YoY due to forex losses and higher operating costs.
Frontken Corporation Bhd’s 3QFY26 net profit rose 25% YoY to RM57.3mn, supported by stronger contributions across its Malaysian, Taiwanese and Singapore operations and effective cost controls.
Public Bank Bhs’s 3QFY26 net profit declined 3.8% YoY to RM1.8bn despite a 4.4% YoY increase in revenue to RM7.7bn, dragged by higher loan impairment allowances, lower investment income and increased operating expenses.
Maxis Bhd’s 3QFY26 net profit increased 8.5% YoY to RM447mn, driven by higher service revenue and effective cost management, while revenue grew 3.7% YoY to RM2.7bn.
Hektar REIT has cancelled its Nov 16 EGM to seek further clarification from the vendor on outstanding conditions precedent for the proposed RM125mn acquisition of KYS KL East International School, although the SPA remains in force pending further assessment.
MARC Ratings has downgraded YNH Property Bhd's RM700mn Sukuk Wakalah programme rating to BIS from BBIS and placed it on MARCWatch Negative, citing weakened liquidity and heightened refinancing and repayment risks.
Bursa Securities has directed Zetrix AI Bhd to settle its outstanding FY25 final dividend by Nov 23 and disclose material information on several corporate governance and financial concerns, with potential regulatory enforcement action if breaches are established.
Datuk Lee Yeow Seng has stepped down from the board of IOI Corp Bhd to focus on the conglomerate’s property arm, IOI Properties Group Bhd.