KUALA LUMPUR (Oct 14): Here is a brief recap of some corporate announcements that made the news on Tuesday.
Southern Cable Group Bhd (KL:SCGBHD) plans to raise up to RM259.2 million via a 10% share placement to fund expansion and working capital. It aims to boost cable output by 25% and triple aluminium rod production by end-2027, while targeting 30% overseas revenue contribution within three years amid rising sector demand. — Southern Cable seeks RM259.2 mil placement to fuel expansion, capital spending
TSR Capital Bhd (KL:TSRCAP) secured an RM85 million contract via TSR Bina Sdn Bhd for infrastructure works at Ibrahim Technopolis (IBTEC) township in Kulai, Johor. The project starts in 4Q 2025 and ends 3Q 2027, covering earthworks, drainage, roads, sewerage, and water systems. — TSR Capital wins RM85m infrastructure job for Ibrahim Technopolis in Johor
KTI Landmark Bhd (KL:KTI) secured a RM70 million contract to build Wisma KEPKAS, the new headquarters for Sabah’s Ministry of Tourism, Culture and Environment. The scope of works also involves demolishing Wisma Budaya and constructing the new complex on a 1.1-acre site in Kota Kinabalu, with completion expected in 36 months. — KTI Landmark wins RM70m job to rebuild Wisma Budaya in Kota Kinabalu
CB Industrial Product Holding Bhd (KL:CBIP) is divesting its entire stake in Admiral Potential Sdn Bhd (APSB) and its Indonesian subsidiary PT Jaya Jadi Utama (PT JJU) to UK-listed Anglo-Eastern Plantations plc (AEP) for RM38.25 million, marking its exit from the plantation business in Indonesia. The deal involves a share subscription and cash assumption, with an expected RM8.23 million disposal loss. — CB Industrial exits Indonesian plantation venture with RM38m divestment to UK-listed AEP
Mesiniaga Bhd (KL:MSNIAGA) secured a RM17.86 million one-year extension from Royal Malaysian Customs Department (RMCD) for MYGST system maintenance and licence renewal. The deal continues its earlier RM38 million agreement from November 2023. Effective Oct 16, 2025, to Oct 15, 2026, the contract excludes automatic renewal, as disclosed in its latest bourse filing. — Mesiniaga bags RM17.9m contract extension from Customs Department
Infomina Bhd (KL:INFOM) posted a slight rise in 1QFY2026 net profit to RM8.08 million despite higher costs, with revenue up 18.2%. CEO Yee Chee Meng cited strong segment contributions and momentum in AI-led data initiatives, including ValuationXchange, AiMod, and AiExe, positioning the group for scalable, recurring income and margin growth. — Infomina says data business progressing well as higher costs trim 1Q margins
South Malaysia Industries Bhd (KL:SMI) filed a fresh judicial review to challenge the Securities Commission’s approval of six nominated directors by Target 1 Sdn Bhd, before its takeover offer document for SMI was issued. It seeks certiorari orders to nullify the SC’s rulings and a stay pending review, following a prior dismissal on technical grounds. — SMI files fresh judicial review bid against SC over board appointments
MAA Group Bhd (KL:MAA), the major shareholder of KNM Group Bhd (KL:KNM), has urged fellow shareholders to support the RM1.34 billion sale of German unit Deutsche KNM GmbH (DKNM) to NGK Insulators Ltd. It warned that missing the Oct 30 deadline could jeopardise KNM’s restructuring, especially the RM100 million working capital lifeline for its Malaysian operations promised by its scheme creditors. — KNM's RM100m working capital lifeline hinges on Oct 30 biz sale, says MAA
Sapura Industrial Bhd (KL:SAPIND) is forming a 51:49 joint venture with Singapore-based Funa Micro Technology Pte Ltd to establish a manufacturing facility for lithium battery precision structural components in Malaysia. The JV will produce prismatic cell cans and assemble cell lids for energy storage systems and related components, targeting the Malaysian market and the wider region. — Sapura Industrial forms JV with Singapore firm for lithium battery parts plant