KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Fraser & Neave Holdings Bhd (KL:F&N) said it may resort to raising product prices as rising costs weighed on the food-and-beverage company’s recently-ended quarter. For now, cost pressures from packaging materials and key ingredients as well as elevated energy costs such as liquefied petroleum gas, diesel and natural gas are being handled through operational efficiencies, supply chain optimisation and cost control initiatives, the company said. Net profit for the three months ended March 31, 2026 (2QFY2026) was RM96.28 million, 31% lower when compared to the same quarter a year earlier, as sales fell faster than its operating costs and expenses. Revenue dropped 7.6% year-on-year to RM1.23 billion largely dragged by its Indochina segment that covers Thailand, Cambodia and Laos amid softer market conditions and prolonged border closures. — F&N says may resort to price hikes as 2Q profit shrinks on lower sales, high costs

Chin Hin Group Property Bhd (KL:CHGP) said the deal the group entered into to develop a residential project in Taman Connaught, Cheras, has been revoked as it was unable to obtain the relevant development approval for the land. The property developer said its wholly owned unit Avion Connaught Sdn Bhd has signed a deed of revocation with landowner Grand Uptown Sdn Bhd to formally terminate the development agreement dated Oct 16, 2025. The proposed project, with an estimated gross development value of RM1.15 billion, comprised a high-rise residential development with retail and parking components on a five-acre leasehold parcel in Taman Connaught. — Chin Hin Property scraps RM1.15 bil GDV Taman Connaught project after approval setback

Jaycorp Bhd (KL:JAYCORP) plans to acquire the remaining 40% stake in its subsidiary Jaycorp Green Energy Sdn Bhd (JGE) for RM15 million in cash, as part of a broader move to strengthen its presence in the renewable energy segment and diversify its earnings base. The proposed acquisition will see Jaycorp purchasing 2.33 million shares from Microban (M) Sdn Bhd, taking its interest in JGE from 60% to full ownership. Upon completion, JGE will become a wholly owned subsidiary, allowing the group to fully consolidate its earnings from the business. — Jaycorp to buy remaining 40% stake in renewable energy unit for RM15 mil

KPS Consortium Bhd (KL:KPSCB), which is mainly engaged in the manufacture of tissue-related products, has proposed to acquire three freehold properties in Rawang for RM45.4 million, for investment purposes. The group said its wholly-owned subsidiary, KPS Plywood Sdn Bhd, has entered into deals to buy 16 units of four-storey semi-detached factories for RM38.32 million, 13 units of single-storey low-cost factories for RM3.05 million, and an individual title lot with a four-storey detached factory for RM4.13 million, all located in Taman Industri Nautical. The vendor is Nautical Wealth Sdn Bhd, which was wound up by the High Court in 2021. The agreements were entered into through the court-appointed liquidator. — KPS Consortium's subsidiary to acquire Rawang industrial assets for RM45.5 mil

GDEX Bhd (KL:GDEX), a logistics and express carrier provider, is restructuring its Vietnam operations amid widening losses at the unit. The comprehensive restructuring of Noi Bai Express and Trading Joint Stock Company, the unit also known as NETCO, is focused on enhancing revenue generation and optimising its cost structure, GDEX said in its annual report. NETCO’s net loss came in at 34.5 billion Vietnamese dong, or about RM5.7 million, larger than the 23.0 billion Vietnamese dong reported in 2024. Revenue, meanwhile, fell 33% to 218.2 billion Vietnamese dong in 2025 mainly due to lower delivery volumes. — GDEX to restructure Vietnam business after wider losses at unit

Pesona Metro Holdings Bhd (KL:PESONA), a construction and trading group, is targeting RM500 million in new contract wins under its construction division for the financial year ending Dec 31, 2026 (FY2026). The group, in its 2025 annual report, said it will continue to pursue opportunities across both public and private sector developments while exploring expansion into affordable residential projects in the Klang Valley to tap evolving market demand. As at end-2025, the division’s outstanding order book stood at RM2.3 billion, comprising eight ongoing projects that are expected to contribute to revenue in FY2026 and beyond. — Pesona Metro's construction arm targets RM500 mil in new contracts for FY2026

Cropmate Bhd (KL:CRPMATE) said on Thursday that its external auditors have issued an unmodified audit opinion with a material uncertainty related to going concern for the financial year ended Dec 31, 2025 (FY2025), citing the freezing of certain bank accounts by authorities and the uncertainty over the duration and financial impact of the restrictions. The fertiliser manufacturer said Messrs Kreston John & Gan had highlighted that the restrictions on the affected accounts, imposed in connection with an ongoing investigation by the Malaysian Anti-Corruption Commission (MACC), could cast significant doubt on the group’s ability to continue as a going concern. — Cropmate auditors flag going concern uncertainty after MACC freezes accounts

Texchem Resources Bhd (KL:TEXCHEM) saw its net profit spike nearly threefold in the first quarter this year, driven by stronger contributions from most of its business divisions, as well as lower finance costs and tax expenses, and higher other income. Net profit rose to RM2.57 million in the first quarter ended March 31, 2026 (1QFY2026) from RM870,000 a year earlier, the Sushi King owner said. Quarterly revenue edged up 1.8% to RM287.45 million in 1QFY2026, from RM282.41 million a year ago. — Texchem’s 1Q net profit nearly triples on stronger operations, lower finance and tax expenses

CIMB Group Holdings Bhd's (KL:CIMB) 91.45%-owned Indonesian subsidiary, PT Bank CIMB Niaga Tbk, reported a 6.5% year-on-year rise in net profit for the first quarter ended March 31, 2026 (1QFY2026), supported by higher fee-based income and stable operating performance. The bank posted a net profit of 1.73 trillion rupiah (RM394.59 million) for the quarter, up from 1.63 trillion rupiah (RM370.49 million) a year earlier. Profit before tax stood at 2.3 trillion rupiah, while earnings per share came in at 70.20 rupiah. — CIMB Niaga 1Q earnings up 6.5% on fee-based income growth

Bursa Malaysia Bhd (KL:BURSA) kicked off its financial year 2026 with a higher net profit, driven by improved trading revenue from the securities market. Net profit for the first quarter ended March 31, 2026 (1QFY2026) rose 6.4% to RM72.8 million, from RM68.4 million a year earlier. Revenue grew 16.1% year-on-year to RM214.1 million, from RM184.4 million, underpinned mainly by higher securities trading activity as well as increased listing and issuer fees. — Bursa Malaysia’s 1Q net profit up more than 6% on higher securities market trading revenue