Saturday 24 Oct 2026
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KUALA LUMPUR (March 12): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Bursa Malaysia Bhd (KL:BURSA) said the cybersecurity incidents at a few brokers had no impact on the exchange’s networks, platforms or infrastructure. It said the reported incidents are limited to the affected brokers’ respective systems, and noted all market operations continue to function as usual. — Bursa Malaysia: Broker-level cybersecurity incidents contained, market integrity intact

Eco World Development Group Bhd’s (KL:ECOWLD) net profit for the first quarter ended Jan 31, 2026 (1QFY2026) rose to a record high of RM156.4 million from RM80.3 million a year earlier, on the back of the completion of two industrial land sales. Quarterly revenue more than doubled to a record high of RM1.35 billion from RM539.6 million. It declared a first interim dividend of two sen per share. — EcoWorld posts record 1Q revenue and profit, declares two sen dividend

Bermaz Auto Bhd’s (KL:BAUTO) net profit for the third quarter ended Jan 31, 2026 (3QFY2026) rose 35.2% year-on-year (y-o-y) to RM32.63 million on higher sales volume from XPeng and Mazda’s domestic operations. Quarterly revenue climbed 13.5% y-o-y to RM683.23 million. Bermaz Auto declared a dividend of 1.75 sen per share for the quarter. — Bermaz Auto’s 3Q net profit up 35% as revenue rises on higher sales volume

GDB Holdings Bhd (KL:GDB) said the developer of the 8 Conlay project is appealing a court decision ordering the company to pay GDB's unit RM102.8 million in unpaid amount for work carried out. KSK Land Sdn Bhd, which is in liquidation, is appealing the High Court’s judgement in its entirety, including the amount awarded to GDB’s Grand Dynamic Builders Sdn Bhd. — 8 Conlay developer appealing GDB’s recovery of RM103 mil in unpaid sums

MN Holdings Bhd (KL:MNHLDG) has secured a RM216 million contract to build a substation for a data centre in the southern region of Peninsular Malaysia. The scope of works includes the design, construction, installation, testing and commissioning of the consumer substation, as well as the supply of labour, equipment and materials for construction works within the substation boundary, including perimeter fencing. Works have begun on Feb 1 and are expected to be completed by Sept 30. — MN Holdings wins RM216 mil contract for data centre substation project

Cape EMS Bhd’s (KL:CEB) US-based subsidiary iConn Inc has entered into a manufacturing pact with Guardian South East Asia Pte Ltd (GSEA), a Singapore advanced manufacturing company backed by VS Industry Bhd (KL:VS) to support its expansion without needing major capital spending. The agreement is effective immediately for an initial three-year term, positioning GSEA as an approved partner with iConn’s global engineered manufacturing network. — Cape EMS’ unit enters into three-year manufacturing pact with Guardian SEA as part of asset light strategy

PeterLabs Holdings Bhd’s (KL:PLABS) former executive director Datuk Loh Saw Foong and his wife Datin Lin Ching Yein have ceased to be substantial shareholders in the company, a day ahead of non-interested shareholders voting on the pair’s repurchase of PeterLabs' 60% unit under a settlement agreement. Loh and Lin disposed of separate 16.315 million share blocks in the company, leaving Loh with a 1.1% stake, while Lin holds no equity interest in PeterLabs. — PeterLabs’ former executive director Loh Saw Foong ceases to be substantial shareholder

FBG Holdings Bhd (KL:FBG) has secured a RM15.52 million contract to construct factory units in Shah Alam. The contract awarded by Alpine Affluent Sdn Bhd, an indirect subsidiary of S P Setia Bhd (KL:SPSETIA), involves the construction of three four-storey semi-detached and detached factory units under the Alpine 2 development at Temasya Glenmarie. the project is scheduled to commence on March 16 and be completed within two years. — FBG secures contract to build factory units in Shah Alam

Edited ByS Kanagaraju
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