KUALA LUMPUR (June 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:
Sunway Construction Group Bhd (KL:SUNCON) said it has secured additional change orders worth RM664.4 million for two data centre projects in Johor, bringing the total contract value to RM865.6 million. The group said its wholly owned subsidiary Sunway Construction Sdn Bhd accepted the change orders on June 17 for project service requests previously secured on April 21 from a US-headquartered multinational technology corporation. Construction for the projects began on April 21, with one data centre scheduled for completion in the fourth quarter of 2027 and the other in the second quarter of 2028. — Sunway Construction bags RM664 mil variation orders, lifts Johor data centre contracts to RM865 mil
Top Glove Corp Bhd (KL:TOPGLOV) more than doubled its net profit for the third quarter ended May 31, 2026, driven by higher sales volume, price adjustments and cost efficiencies. Net profit jumped 133.1% to RM80.99 million from RM34.75 million a year earlier, while revenue rose 31.9% to RM1.10 billion from RM830.25 million. The glove maker said the improved performance was supported by prudent raw material management, including efforts to secure a stable supply of nitrile latex amid recent disruptions, which enabled it to maintain production and fulfil customer orders. Earnings per share rose to 1.01 sen from 0.43 sen, while no dividend was declared for the quarter. — Top Glove’s 3Q net profit more than doubles on higher sales, improved margins
Retail convenience chain MyNews Holdings Bhd (KL:MYNEWS) said its net profit for the second quarter ended April 30, 2026 plunged 97% to RM55,000 from RM2.28 million a year earlier, mainly due to higher operating expenses. Administrative, selling and distribution, and other expenses all rose during the quarter, driven by staff expansion, retail network growth, and higher depreciation from new outlets and right-of-use assets. Revenue, however, increased 11.6% year-on-year to RM226 million from RM202.6 million, supported by the expansion of its store network and improved in-store sales, while gross profit margin narrowed to 37.5% from 39.5% due to higher cost of sales. The company declared a one sen dividend, up from 0.5 sen previously. — MyNews 2Q profit falls sharply on rising costs, declares one sen dividend
GIIB Holdings Bhd (KL:GIIB) said its founder Tai Boon Wee has returned as chairman after being cleared of allegations previously investigated by the Malaysian Anti-Corruption Commission (MACC). Tai replaces Datuk Seri Wan Adnan Wan Mamat, who stepped down on June 11 to focus on personal commitments. Tai was previously among three directors remanded by the MACC in 2023 over an investigation involving a RM24,000 invoice linked to GIIB Healthcare Products Sdn Bhd’s glove sales. — GIIB founder Tai Boon Wee returns as chairman after MACC probe clearance
Binastra Corp Bhd (KL:BNASTRA) posted a 40.3% jump in net profit for the first quarter ended April 30, 2026, driven by higher revenue from its core construction segment. Net profit rose to RM35.27 million from RM25.14 million a year earlier, while revenue more than doubled to RM605.57 million from RM256.85 million, mainly supported by stronger solar installation jobs as well as contributions from conventional construction and data centre projects. The construction segment, which remains the group’s main earnings driver, recorded revenue of RM605.3 million and profit before tax of RM49.8 million in 1QFY2027. No dividend was declared for the quarter. — Binastra posts 40% rise in 1Q profit as revenue hits record high
Offshore support vessel operator Lianson Fleet Group Bhd (KL:LFG) is acquiring a 14-year-old Supramax bulk carrier for US$15.5 million (RM60.9 million) as part of its plan to expand its marine transportation fleet and diversify its revenue base. Its wholly owned subsidiary Lianson Fleet Pte Ltd has entered into a memorandum of agreement to acquire MV Sea Affluence from an unrelated Singapore-incorporated seller. The vessel, built in 2012 and registered under the Singapore flag, has a deadweight tonnage of 56,735 tonnes and is equipped with five cargo holds, five hatches and four 30-tonne cranes. — Lianson Fleet to acquire Singapore-flagged bulk carrier for RM61 mil
Swift Energy Technology Bhd (KL:SET) has secured purchase orders worth a combined RM44.15 million to supply equipment for an oil and gas project in Thailand and a data centre in Malaysia. The group’s wholly owned subsidiary Swift Energy Sdn Bhd will supply 18 explosion-proof solar power systems to Offshore Oil Engineering Co Ltd for PTTEP’s Bundled Phases 4 project in Thailand, with the equipment expected to be delivered over the next three years. Swift Energy will also supply 34 sets of 11-kilovolt Cressall neutral earthing resistors to Cummins Sales and Service Sdn Bhd for a data centre in Malaysia. — Swift Energy bags RM44.15 mil O&G, data centre order
Digital service group PUC Bhd (KL:PUC) is proposing to acquire battery energy storage firm H BESS Sdn Bhd for RM6.75 million, marking its entry into the energy storage sector. The group said the acquisition will be funded via a private placement of up to 304.8 million new shares, or 10% of its existing share capital, and expects to raise about RM10.49 million based on an illustrative issue price of 3.44 sen per share. — Digital services group PUC plans entry into battery energy storage
Power engineering solution provider EI Power Bhd (KL:EIPOWER) has secured a RM90.1 million subcontract for a data centre project in Johor. Its wholly owned unit EI Power Technologies Sdn Bhd accepted the job from a main contractor involved in engineering, construction and investment holding. The contractor’s identity was not disclosed due to confidentiality. The scope covers the full fuel system package for the data centre, including supply, delivery, installation, testing and commissioning. Work has commenced immediately and is scheduled for completion by September 2027. — EI Power secures RM90 mil Johor data centre subcontract
WCT Holdings Bhd (KL:WCT) said its joint venture in the United Arab Emirates has secured a sub-contract worth 479 million dirham (RM529 million) to undertake construction works for commercial and residential buildings in Abu Dhabi. The project, owned and developed by Aldar Development LLC, involves works across two phases covering commercial and residential buildings. The scope includes non-foundation structural works, architectural works, mechanical, electrical and plumbing works, and external works. — WCT JV bags RM529 mil Abu Dhabi construction sub-contract