KUALA LUMPUR (July 23): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:

Eco-Shop Marketing Bhd (KL:ECOSHOP) reported its highest-ever quarterly net profit of RM72.63 million for the three months ended May 31, 2026 (4QFY2026) as revenue hit a record high on improved margins and store expansion. Net profit for 4QFY2026 was 44.91% higher than the RM50.12 million posted a year earlier, while quarterly revenue rose 12.18% year-on-year to RM772.89 million from RM688.98 million. It declared an interim dividend of 0.6 sen per share, payable on Aug 27. This brings total dividends to 2.15 sen per share for the full year, compared with one sen in FY2025. — Eco-Shop posts record high 4Q earnings on improved margins, stronger sales

IGB REIT’s (KL:IGBREIT) net property income (NPI) jumped 51% for the second quarter ended June 30, 2026 (2QFY2026) to RM181.2 million from RM119.9 million a year earlier, helped by a full-quarter contribution from The Mall, Mid Valley Southkey (MVS Mall) and higher rental income from Mid Valley Megamall (MVM) and The Gardens Mall (TGM). Revenue rose 50.5% to RM241 million from RM160.1 million. Separately, IGB Commercial REIT’s (KL:IGBCR) NPI grew 18.5% to RM45.1 million from RM38.1 million in the corresponding quarter, supported by higher occupancy, improved average rental rates and lower finance costs. Revenue rose 10.3% to RM71.23 million from RM64.59 million. IGB REIT declared a distribution of 97.5% of its quarterly distributable income, amounting to RM149 million or 3.44 sen per unit. Meanwhile, IGB Commercial REIT declared a distribution equivalent to 95% of its quarterly distributable income, amounting to RM32.8 million or 1.35 sen per unit. — IGB REIT’s net property income jumps 51%, commercial REIT rises 18%

CTOS Digital Bhd (KL:CTOS) posted a 7% increase in its second-quarter net profit to RM22.65 million from RM21.16 million in 2QFY2025, as revenue grew 9.96% to RM86.87 million for the three months ended June 30, 2026 (2QFY2026), from RM79 million. A second interim dividend of 0.70 sen per share was declared with the latest results, to be paid on Aug 28. Separately, it is trimming its 49% stake in software developer Juris Technologies Sdn Bhd by selling 10% of the stake to Juris' founder and majority shareholder, Natsoft (M) Sdn Bhd, for RM50 million. It plans to return a portion of the proceeds directly to shareholders, with RM24.5 million planned for a special cash dividend — estimated at 1.07 sen per share. It plans to use another RM24.5 million for share buybacks over the next 12 months. — CTOS Digital reports 7% rise in 2Q profit on higher revenue, plans special dividend and buybacks from RM50m Juris stake sale

United Plantations Bhd (KL:UTDPLT) reported a 22.2% decline in its second-quarter net profit to RM194 million from RM249.28 million a year ago, as higher operating expenses and lower joint venture contributions weighed on its earnings. This was despite revenue edging up 0.54% to RM641.84 million from RM638.42 million. No dividend was declared with the latest results. — United Plantations posts lower 2Q earnings on higher costs, weaker JV contribution

UOA REIT (KL:UOAREIT) declared an interim income distribution of 3.94 sen per unit as its second-quarter net property income surged 30.8% year-on-year  to RM23.48 million from RM17.96 million on improved occupancies and lower maintenance costs. Unitholders will be entitled to a distribution of 3.94 sen per unit on Aug 5, with the payment — translating to a total payout of RM26.62 million — scheduled for Aug 28. — UOA REIT declares 3.94 sen distribution as 2Q property income jumps 30.8%

GDB Holdings Bhd (KL:GDB) has secured a RM439.4 million contract from Magma Kiara Sdn Bhd, a unit of Magma Group Bhd (KL:MAGMA), to construct a mixed-use tower in Mont Kiara called the Wolo Hotel & Residences. The construction of this multi-purpose tower is expected to begin in August. It will be constructed by Grand Dynamic Builders Sdn Bhd, a unit of GDB, and is expected to be completed by December 2030. The tower, located in Mukim Batu, Kuala Lumpur, is expected to comprise 60 storeys and house serviced apartments, suites, hotel rooms and retail spaces. — GDB Holdings secures RM439.4m contract for mixed-use tower in Mont Kiara

Velesto Energy Bhd (KL:VELESTO) said it has secured a contact worth US$51 million (RM208.4 million) to provide integrated rig, drilling and completion (i-RDC) services for Chevron Malaysia’s 2026-2028 North Malay Basin development campaign. The contract was awarded to its unit Velesto Drilling Sdn Bhd by Chevron Malaysia's unit Hess Exploration and Production Malaysia BV. The contract will see Velesto provide its Naga 8 drilling rig for Chevron Malaysia’s 2026-2028 North Malay Basin full field development campaign. — Velesto to provide drilling rig for Chevron Malaysia’s North Malay Basin project

Marine transportation company Orkim Bhd (KL:ORKIM) is expanding its fleet to 20 vessels with the acquisition of an oil and chemical tanker for 157 million yuan (RM94.9 million). Its unit Orkim Ambition Sdn Bhd has entered into a memorandum of agreement with Hong Kong-registered shipping company Allcontinents International Shipping Ltd to acquire the MT Rong Yao Wu Zhou. The vessel, the second tanker to be acquired in 2026, is expected to be delivered by Oct 20. The purchase, along with an estimated RM4.2 million in start-up costs, will be fully funded using proceeds from the group’s existing sukuk issuance programme. Built in 2025, the IMO Type II tanker has a deadweight tonnage of 13,988 tonnes and can carry both clean petroleum products and chemical cargoes. — Orkim announces second tanker acquisition in 2026 at RM95 mil

MyNews Holdings Bhd (KL:MYNEWS) is acquiring 13.5 acres of industrial land in Rawang for RM24.7 million in cash to build a new distribution centre. The land is currently vacant and has a remaining lease tenure of 69 years. The land will support its long-term expansion plans, as its existing distribution centre is operating at constrained capacity. It is buying the land via its unit MyNews Retail Sdn Bhd, from Thung Hing Metal Industry Sdn Bhd, a company engaged in the fabrication and installation of ventilation ducts and metal roofing, and sales of metal roofing products. — MyNews acquires 13.5-acre plot in Rawang for RM24.7m to build new distribution centre

London-listed Aberdeen Group plc has emerged as a substantial shareholder in MTT Shipping and Logistics Bhd (KL:MTTSL) after purchasing 126.86 million shares or a 5.075% stake. The container liner operator said the transaction, made through Abrdn Malaysia Sdn Bhd, was executed on July 20. The transaction prices were not disclosed. The block is estimated to have been worth RM123.06 million, based on the stock’s closing price of 97 sen on July 20. With its 5.075% stake, Abrdn comes in as MTT Shipping’s third largest shareholder, behind the company’s executive chairman Datuk Seri Ong Kean Lee (22.39%) and managing director Ooi Lean Hin (12.82%). — Aberdeen emerges as substantial shareholder of MTT Shipping