KUALA LUMPUR (Feb 13): Here is a brief recap of some corporate announcements that made news on Wednesday.

Gateway Development Alliance Sdn Bhd (GDA) announced that it has secured 98.68% of Malaysia Airports Holdings Bhd’s (MAHB) (KL:AIRPORT) shares at the close of the consortium’s takeover offer for the airport operator. However, the stake will later rise to 98.69%, pending the transfer of an additional 0.02% stake or 302,600 shares to the consortium. GDA is a consortium comprising Khazanah Nasional Bhd, the Employees Provident Fund Board (EPF), the Abu Dhabi Investment Authority (ADIA) and BlackRock's Global Infrastructure Partners (GIP). With the close of the offer, Bursa will suspend the trading of MAHB shares from Feb 20, in preparation for the company’s delisting from the Main Market. — Khazanah-EPF led consortium GDA closes MAHB takeover offer with 98.68% stake 

Carlsberg Brewery Malaysia Bhd (KL:CARLSBG) proposed a 35 sen per share final dividend for the quarter ended Dec 31, 2024 (4QFY2024), after recording RM78.8 million in net profit during the quarter. This takes the full year dividend declared by the local brewery with operations in Malaysia, Singapore and an associate stake in Lion Brewery (Ceylon) PLC (LBCP) in Sri Lanka to RM1 per share, the highest in five years. Its net profit inched up 0.97% year-on-year in 4QFY2024 as revenue edged up 1.15% to RM587.23 million from RM580.53 million. For the full FY2024, its net profit increased 3% to RM337.08 million from RM327.26 million, while revenue climbed 5.11% to RM2.38 billion from RM2.26 billion. — Carlsberg Malaysia proposes 35 sen final dividend in 4QFY2024, taking full year dividend to RM1 — highest in five years;  
Meanwhile, the brewery faces a tougher competitive landscape in Singapore as on-trade sales soften, following the goods and services tax (GST) hike and a challenging transition from Asahi to Sapporo.  To counter softer sales, Carlsberg Malaysia has intensified efforts to promote its existing brands, particularly the 1664 range. In October, it also introduced WuSu, a high-strength beer from China, as part of its strategy to regain market share and drive growth in Singapore. — Carlsberg says Singapore sales hit by GST hike, Asahi-Sapporo shift

Heineken Malaysia Bhd (KL:HEIM) reported a record high quarterly net profit of RM140.85 million in its fourth quarter ended Dec 31, 2024 (4QFY2024), up 42.2% from RM99.07 million in 4QFY2023, driven by lower effective tax rate and longer festive selling period in 2024. Quarterly revenue rose 13% to RM823.1 million, which was also a record high, from RM728.62 million achieved a year ago. The brewer proposed a final dividend of RM1.15 per share, raising its dividend payout for FY2024 to RM1.55 per share, 27 sen higher than the RM1.28 it paid for FY2023. It wrapped up its FY2024 with a 20.6% increase in annual net profit to RM466.7 million — a record high — from RM386.8 million in FY2023, as revenue climbed 6% to RM2.79 billion from RM2.64 billion. It attributed the stellar performance to strong sales and effective cost management. — Heineken Malaysia's 4Q profit reaches record high

Pavilion Real Estate Investment Trust (KL:PAVREIT)  posted a marginal increase of 0.2% in net property income (NPI) to RM134.86 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), from RM134.64 million a year ago on higher rental contributions from Pavilion Bukit Jalil and increased revenue from its exhibition centre, though partially offset by higher doubtful debts provisions and maintenance costs. Quarterly gross revenue rose 5.1% y-o-y to RM218.79 million from RM208.22 million, mainly driven by rental income growth. The board declared a final income distribution of 4.81 sen per unit, bringing the total FY2024 distribution to 9.34 sen per unit, compared with 9.01 sen in FY2023. The final payout, amounting to RM176.1 million, is scheduled for Feb 28, 2025. For the full FY2024, the REIT’s net property income grew 14% to RM522.77 million, from RM459.11 million in FY2023, driven by higher rental income from Pavilion Bukit Jalil and Pavilion Kuala Lumpur malls. — Pavilion REIT's 4Q net property income edges higher on stronger rental contributions from Pavilion Bukit Jalil

 Construction outfit Binastra Corp Bhd (KL:BNASTRA) has bagged a RM250.37 million contract to build a six-storey data centre in Cyberjaya, Selangor for AIMS Group, which is owned by New York-listed DigitalBridge Group Inc. The construction is set to commence on Feb 26, with a phased completion timeline ranging from June 15 and Dec 15. The new data centre project brings the group’s total secured data-centre contracts value to RM1.24 billion. — Binastra bags RM250m job to build data centre in Cyberjaya

 Malaysian Pacific Industries Bhd (KL:MPI) is disposing of two parcels of land in Bayan Lepas, Penang for a total cash consideration of RM140 million. The leasehold land measures approximately 40,487 square metres. Upon completion of the proposed disposal, MPI expects to realise an estimated net gain on disposal of approximately RM99.2 million. "The estimated net gain attributable to owners of the company represents an increase in the consolidated earnings per share (EPS) and consolidated net assets per share of approximately 49.75 sen," it added. — MPI to see net gain of RM99.2m from Penang land sale 

Payment solutions provider Revenue Group Bhd (KL:REVENUE) plans to raise up to RM193.63 million via a right issue with warrants, mainly to fund its venture into the money lending business. The cash call consists of up to 2.42 billion rights shares on the basis of four new shares for every existing share held, and up to 1.21 billion warrants on the basis of one warrant for every two rights shares subscribed.  With the rights issue priced at a discounted price of 0.081 sen per share, the exercise is expected to raise between RM14.71 million on a minimum subscription basis and RM193.63 million under a maximum scenario. Under the maximum scenario, the group expects to allocate RM147.5 million as working capital for its money lending business. Another RM15 million is earmarked for the expansion of its digital payment services, and a further RM15 million for the development of digital solutions, system, platform and infrastructure. — Revenue Group plans rights issue to finance diversification into money lending 

IJM Corp Bhd (KL:IJM), through its joint-venture (JV) company Exio Logistics Sdn Bhd, will invest RM460 million in a new logistics hub in Sungai Buloh to support Malaysia’s supply chain and e-commerce. The business will provide IJM Corp with recurring income once operations commence in the first quarter of 2027, said its chief executive officer Datuk Lee Chun Fai. Lee was speaking to The Edge on the sidelines of the groundbreaking ceremony for Exio’s logistics hub in the City of Elmina. Exio Logistics is a JV between IJM’s unit IJM RE Sdn Bhd and FMM Elmina Sdn Bhd. The facility, comprising two logistics hubs with a combined 500,000 square feet of floor space, features an advanced automated storage and retrieval system that could handle 117,000 pallet positions, with a throughput capacity of 240 pallets per hour. — IJM to invest RM460m in new logistics hub in City of Elmina, eyes boost in recurring income