KUALA LUMPUR (April 7): Here is a brief recap of some corporate announcements that made the news on Tuesday.
Cahya Mata Sarawak Bhd’s (KL:CMSB) deputy chairman Datuk Seri Mahmud Abu Bekir Taib has filed a lawsuit against the company over being allegedly blocked from board meetings. The lawsuit, which also names 10 other parties, was filed in the High Court on April 2, according to a filing with Bursa Malaysia. Mahmud Abu Bekir is seeking judicial declarations and orders concerning his directorship, including confirmation that he is only considered to have a conflict of interest when ongoing legal matters are discussed at board meetings. — Cahya Mata Sarawak deputy chairman Abu Bekir sues company over alleged board meeting exclusion
AEON Credit Service (M) Bhd (KL:AEONCR) posted a rise in net profit at 10.2% in the fourth quarter on stronger loan and financing growth, coupled with lower impairment losses on financing receivables. Net profit for the three months ended Feb 28, 2026 (4QFY2026), increased to its highest quarterly profit since 1QFY2023 at RM144.3 million from RM130.97 million a year earlier while revenue rose 9.8% to RM631.46 million from RM575.04 million, according to a bourse filing. The group declared a final dividend of 15.75 sen per share and a special dividend of two sen per share. — AEON Credit declares special dividend as quarterly profit hits three-year high
DRB-HICOM Bhd (KL:DRBHCOM), which finalised its takeover of Spirit AeroSystems’ Malaysian operations four months ago, announced an additional purchase price adjustment of US$600,563 (RM2.42 million). The group said its wholly-owned aerospace unit, Composites Technology Research Malaysia Sdn Bhd, reached an agreement with the sellers on the post-completion adjustment, lifting the total acquisition cost to US$111.22 million (RM452.21 million) from the US$110.62 million paid at completion on Dec 8, 2025. — DRB-HICOM to pay additional post-acquisition amount for Spirit AeroSystems' Malaysian ops
Sim Keng Chor has ceased to be a substantial shareholder of property developer Maxim Global Bhd (KL:MAXIM), according to an exchange filing. Maxim disclosed that Sim's private investment vehicle Sanlens Sdn Bhd, which he shares with his sons, disposed of 32.33 million shares, representing a 4.38% stake, through a direct business transaction on Monday. Based on Maxim’s latest annual report, Sim previously held a 6.12% interest in the company via Sanlens. Following the disposal, his shareholding has been reduced to 1.74%, or 12.8 million shares. — Unitrade’s vice-chairman Sim Keng Chor ceases to be substantial shareholder of Maxim Global
K Seng Seng Corporation Bhd (KL:KSSC) saw Samuel Ng Heng Hong emerge as a substantial shareholder after a block was bought from the company’s former executive chairman Datuk Keh Chuan Seng and the Chiau brothers. In a filing, KSSC said Ng’s investment vehicle Euro Chain acquired 65 million shares or a 30.1% stake in the group including from the company’s largest shareholder Frazel Group Sdn Bhd, owned by Keh and Datin Cheong Kai Meng. — Controlling shareholder of Eurospan emerges as substantial shareholder of K Seng Seng
MTT Shipping and Logistics Bhd set its final retail price for its initial public offering (IPO) at RM1.03 apiece. In a bourse filing, its adviser CIMB Investment Bank said this was decided following the completion of the bookbuilding process under the institutional offering on Monday. The retail offering closed on April 3. Main Market-bound MTT Shipping is scheduled for listing on April 21, making it the country’s largest logistics-linked IPO in 13 years. — MTT Shipping fixes final IPO retail price at RM1.03
Sinaran Advance Group Bhd (KL:SINARAN) has proposed a plan to reduce its share capital in order to eliminate RM33.6 million in accumulated losses. The ACE Market-listed company reported an issued share capital of RM46.7 million as of March 18. This comprised 1.05 billion ordinary shares and 457.48 million outstanding warrants, exercisable into an equivalent number of new shares at 12 sen each. At the consolidated level, the group had accumulated losses of RM31.86 million as of December 31, 2025. Following the capital reduction, Sinaran Advance will have retained earnings of RM1.62 million. — Sinaran Advance plans RM33.6m share capital reduction to eliminate losses
Sersol Bhd (KL:SERSOL) has won a RM15.62 million contract from Zetrix AI Bhd (KL:ZETRIX) to supply the latter with hardware and software services. The agreement was signed by its 51%-owned subsidiary, Sersol E-Solutions Sdn Bhd, to supply hardware products and provide a 12-month software subscription to Zetrix AI, along with support services. Sersol E-Solutions’s job scope includes maintaining the software, which includes carrying out necessary corrections and repairs to ensure it remains fully operational as per the scope of the contract. — Sersol bags RM15.62m job to supply Zetrix with hardware, software services
AWC Bhd (KL:AWC) bags a RM22.18 million contract to undertake plumbing, silo tank and internal sanitary works in a date centre project. In a bourse filing, the group said the contract was awarded by a Malaysia-incorporated joint venture between two private companies involved in civil engineering, construction and project management, which includes large-scale infrastructure and specialised facilities. The joint venture could not be identified due to confidentiality and non-disclosure obligations tied to the project. — AWC wins RM22 mil plumbing works job for data centre project
Empire Sushi chain operator Empire Premium Food Bhd saw overwhelming demand for its initial public offering (IPO), with the public portion oversubscribed by 23.3 times ahead of its Main Market debut on April 17. In a filing, the group said its IPO recorded a total subscription rate of 24.3 times, with demand totalling 1.336 billion shares for 55 million new shares made available to the Malaysian public. The Bumiputera portion was oversubscribed by 13.34 times, while the non-Bumiputera portion was oversubscribed by 33.25 times. — Empire Sushi chain owner’s IPO shares oversubscribed by 23.3 times
U Mobile Sdn Bhd is finalising its collaboration with Telekom Malaysia Bhd (KL:TM), following the signing of a 5G access agreement between both parties in February this year. U Mobile chief technology officer Woon Ooi Yuen said the company has started discussions with TM on the matter and that the companies are working towards implementing the partnership. However, he did not disclose the timeline. — U Mobile says finalising access for TM as it unveils new ULTRA5G network
Uzma Bhd (KL:UZMA) has secured a letter of award from EnQuest Petroleum Production Malaysia Ltd to provide well intervention and project management services for two years. The contract is valued at about RM60 million and covers a two-year period. Under the deal, Uzma's unit Setegap Ventures Petroleum Sdn Bhd will be responsible for the provision, supply and maintenance of tools, equipment and accessories and spare parts for well intervention services for the 2026/2027 EnQuest Well Intervention Programme (Package A8). — Uzma bags RM60 mil EnQuest contract for well intervention services