KUALA LUMPUR (July 23): Here is a brief recap of some corporate announcements that made the news on Wednesday.
Tan Sri Liew Kee Sin, executive chairman of Eco World Development Group Bhd (KL:ECOWLD), disposed of 100 million shares — representing a 3.36% stake — over two days, for an estimated RM190 million. The bulk of the shares was transacted via a direct deal at RM1.89 each, reflecting a 10.7% discount to Monday’s closing price of RM2.12. — Liew Kee Sin sells 3.36% stake in EcoWorld for RM190m over two days
CapitaLand Malaysia Trust (KL:CLMT) raised RM250 million via a private placement of 409.8 million new units at 61 sen each, representing a 6.9% discount to the market price. Proceeds will be used to pare down borrowings from nine industrial and logistics acquisitions. The trust noted that the accelerated bookbuild was oversubscribed. — CapitaLand Malaysia Trust raises RM250 mil from placement of new units
UOA Real Estate Investment Trust (KL:UOAREIT) reported an 8.9% increase in net rental income to RM17.96 million in 2QFY2025, driven by improved occupancies. It declared a higher interim distribution of 3.03 sen per unit, up from 2.9 sen. The trust expects gradual recovery in office demand, supported by ongoing asset enhancements. — Improved occupancies lift UOA REIT’s 2Q net rental income; declares higher distribution
AME Real Estate Investment Trust (KL:AMEREIT) posted an 11.5% rise in net property income to RM12.74 million in 1QFY2026, driven by new acquisitions and higher rental renewals. Revenue rose 14.7% to RM14.14 million, while distributable income grew 7.1% to RM10.38 million. A 1.96 sen distribution per unit, up from 1.84 sen last year, will be paid on Aug 29. — AME REIT's net property income up 11.5% on new acquisitions, higher rental rates
Infomina Bhd (KL:INFOM) posted its first quarterly loss since listing, with a RM3.14 million net loss in 4QFY2025 due to a one-off RM10 million provision for doubtful debts. Revenue fell 8.7% to RM53.44 million, mainly from reduced hardware deliveries in its technology infrastructure segment compared to the previous year. — Infomina posts first quarterly loss since listing on bad debt provision
IHH Healthcare Bhd (KL:IHH) is consolidating its India hospital operations by integrating Fortis Healthcare Ltd and Gleneagles Healthcare India Pvt Ltd. Under a new operations and maintenance agreement, Fortis — 31.17%-owned by IHH — will manage five of six Gleneagles hospitals in India. — IHH's Fortis to manage most Gleneagles hospitals in India
TT Vision Holdings Bhd (KL:TTVHB) signed a 60-year lease agreement with Penang Development Corporation for a 3.6-acre plot in Bayan Lepas Industrial Park, valued at RM25.1 million. Pending land title conversion approval, the site will house a new facility for semiconductor, solar, and battery equipment production, supporting TT Vision’s expansion strategy. — TT Vision to lease industrial plot in Bayan Lepas for new manufacturing facility
Evergreen Max Cash Capital Bhd (KL:EMCC) secured RM40 million in funding through the issuance of Islamic redeemable convertible preference shares (RCPS-i) to DPK Private Equity Sdn Bhd. The proceeds will support its Ar-Rahnu Tawarruq expansion. The RCPS-i offers an 8.5% annual cumulative dividend, issued at RM1 per share via its subsidiary Evergreen Cahaya Holdings. — Evergreen Max Cash secures RM40m funding to expand Islamic pawnbroking services
HI Mobility Bhd (KL:HI) denied media claims of salary reductions for its cross-border bus drivers, stating all payments were made in full, in line with employment contracts and statutory regulations. The company also reaffirmed its compliance with legal obligations and rejected allegations of underpayment. — HI Mobility denies wage cuts for Causeway Link drivers
Sentoria Group Bhd (KL:SNTORIA) has reached a settlement with former CEO Datuk Loh Yuen Tuck in the Industrial Court. Under a consent award, Sentoria will pay RM142,800, and both parties will mutually release and discharge all claims against each other. — Sentoria settles Industrial Court case with former CEO