KUALA LUMPUR (April 8): Here is a brief recap of some corporate announcements that made the news on Tuesday.

AEON Credit Service (M) Bhd (KL:AEONCR) recorded its highest quarterly earnings in 11 quarters, with net profit for the fourth quarter ended Feb 28, 2025 (4QFY2025) rising 10.1% to RM130.97 million. The increase was primarily driven by higher revenue, which climbed 14.6% year-on-year to RM575 million, and bad debt recoveries. The group declared a final dividend of 14.5 sen per share, bringing its total dividend for FY2025 to 28.75 sen per share, slightly higher than the 28.25 sen it announced in FY2024. — AEON Credit posts best profit in 11 quarters on loan growth, bad debt recoveries

A group of shareholders, led by Matrix Concepts Holdings Bhd’s (KL:MATRIX) group executive deputy chairman Datuk Seri Lee Tian Hock is injecting parts of their property business in Selangor into the group. Under the deal, Matrix will acquire a 50% stake in Horizon L&L Sdn Bhd, the entire equity stake in Exoland Property Management Sdn Bhd and 30% of Horizon L&L (SEL) Sdn Bhd for RM77.9 million cash. — Matrix Concepts says major shareholders to inject Selangor property business

Fajarbaru Builder Group Bhd (KL:FAJAR) has bagged a RM63.7 million contract from S P Setia Bhd’s (KL:SPSETIA) indirect wholly-owned subsidiary of Petaling Garden Sdn Bhd for construction works in Klang, Selangor. — Fajarbaru bags RM63 mil construction work, order book at RM1.14 bil

Yong Tai Bhd (KL:YONGTAI) has formed a joint venture (JV) with builder Taghill Holdings Bhd (KL:TAGHILL), previously known as Siab Holdings Bhd, to develop two blocks of serviced suites in Melaka. The project, with an estimated gross development value of RM183.31 million, is expected to yield RM28 million in capital entitlement for Yong Tai. — Yong Tai forms JV with Taghill to develop two serviced suite blocks in Melaka

The High Court has dismissed an application by Hydroshoppe Sdn Bhd, the former operator of Kuala Lumpur Tower, and its subsidiary, Menara Kuala Lumpur Sdn Bhd (MKLSB), for an ad interim injunction to halt the award of the KL Tower concession to LSH Service Master Sdn Bhd, a subsidiary of Lim Seong Hai Capital Bhd (KL:LSH). — Hydroshoppe, Menara KL lose bid to temporarily halt KL Tower's takeover by LSH Capital's unit

KNM Group Bhd (KL:KNM) said MBSB Bank Bhd has withdrawn its lawsuit against its indirect subsidiary, Perwira Awan Sdn Bhd, which was filed over the default of a RM116.13 million Islamic financing facility. — MBSB withdraws RM116m lawsuit against KNM

Newly listed Northern Solar Holdings Bhd (KL:NORTHERN) intends to collaborate with a unit of Chinese state-owned enterprise, Northwest Electric Power Design Institute Co Ltd, in seeking engineering, procurement, construction and commissioning (EPCC) jobs for large-scale solar projects. — Northern Solar now eyes LSS projects, inks MOU with China state-linked group

Petronas Gas Bhd (KL:PETGAS) stated that the April 1 fire at its main gas pipeline near Putra Heights has disrupted pipeline services in the Central Zone, impacting Shah Alam, Klang, Puchon, and Batu Tiga. The disruption represents approximately 7% of a gas shipper’s total committed volume to its customers. — Petronas Gas stays committed to gas transportation agreement after Putra Heights pipeline fire

Panasonic Manufacturing Malaysia Bhd (KL:PANAMY) said the gas supply disruption affecting its Shah Alam plants, caused by the Putra Heights gas pipeline explosion, is projected to result in a 3% loss in annual revenue. — Panasonic Malaysia expects 3% annual revenue loss due to gas disruption

Subur Tiasa Holdings Bhd's (KL:SUBUR) audited financial statements for the financial year ended Dec 31, 2024 have been flagged with a material uncertainty by its independent auditor, marking the fourth consecutive year its accounts have been flagged. — Subur Tiasa accounts flagged with material uncertainty for fourth straight year