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

Harn Len Corp Bhd’s (KL:HARNLEN) 4QFY2026 net profit plunged 96% to RM836,143 due to higher costs, tax expenses and reduced other income, while revenue held steady at RM70.84 million. The plantation firm declared an interim dividend in specie of four treasury shares for every 100 shares held. — Harn Len’s 4Q net profit down sharply amid higher costs, income tax; declares share dividend

Sunway Healthcare Holdings Bhd (KL:SUNMED) is acquiring 9.918 acres of freehold land in Sunway City Iskandar Puteri for RM45.37 million as part of its Johor expansion. The related-party transaction will be executed by its 99.9%-owned subsidiary, Sunway Medical Centre, from three Sunway Group entities. — Sunway Healthcare buys Iskandar Puteri land for RM45 mil in RPT for Johor expansion

Logistics company Tasco Bhd (KL:TASCO) posted a 7.22% decline in its first-quarter net profit despite higher revenue, as a higher cost of sales ate into its profitability. Net profit for the three months ended June 30, 2026 (1QFY2027) slipped to RM8.53 million from RM9.19 million a year earlier, on higher cost of sales and income tax expense, which offset a higher revenue. — Tasco's 1Q net profit falls 7% on higher cost of sales, tax expenses

Atrium Real Estate Investment Trust's (KL:ATRIUM) 2QFY2026 net property income rose 14% to RM12.46 million, as higher industrial asset rental contributions drove revenue up 13.6% to RM13.67 million. It declared a 2.6 sen interim distribution per unit, payable on Aug 28. — Atrium REIT’s 2Q net property income rises 14%, pays 2.6 sen distribution

Keyfield International Bhd (KL:KEYFIELD) plans to contest a lawsuit filed by Dubai shipbroker MVS Marine Services, which is claiming commisson and remuneration totalling US$5.88 million (RM24.48 million) over the sale of a ship by the vessel operator. The suit names Keyfield's subsidiary, its CEO and buyer Petro Laut Sdn Bhd as co-defendants, with case management scheduled for Aug 18. — Keyfield sued by Dubai shipbroker seeking commission for vessel sale

Petra Energy Bhd's (KL:PENERGY) unit Petra Marine is selling two marine vessels for RM61.31 million in cash. It will dispose of the Petra Orbit to UAE-based Beaufond for RM29.63 million and the Petra Endeavour to India's AJR Oil & Gas for RM31.67 million. — Petra Energy monetises non-performing assets with RM61 mil vessels sale

Chin Teck Plantations Bhd’s (KL:CHINTEK) 3QFY2026 net profit dropped 44% to RM19.42 million on lower sales volumes, driving revenue down 26.43% to RM59.03 million despite higher selling prices. The board declared a second interim dividend of eight sen per share and a special dividend of four sen per share — down 66.67% from the 36 sen paid last year — payable on Aug 28. — Chin Teck Plantations’ 3Q profit dragged by lower sales volume, pays 12 sen dividend

Toy distributor Semico Capital Bhd (KL:SEMICO) is forming a joint venture (JV) with Chan Kean Seng to operate a licensed family entertainment outlet at Pavilion Bukit Jalil. Semico will acquire a 49% stake in the JV vehicle Kosmare for RM490,000 and contribute up to RM1.96 million toward a total JV funding pool of RM4 million. — Semico forms JV to operate family entertainment outlet at Pavilion Bukit Jalil

AME Real Estate Investment Trust's (KL:AMEREIT) 1QFY2027 net property income rose 19.6% to RM15.24 million, driven by four new properties and higher rental renewals that lifted revenue up 17.7% to RM16.64 million. The REIT declared an interim income distribution of 2.15 sen per unit (up 9.7% year-on-year) payable on Sept 3. — Newly acquired properties, higher rents boost AME REIT’s 1Q NPI, declared 2.15 sen distribution

JcbNext Bhd (KL:JCBNEXT) has trimmed its stake in Taiwan-listed 104 Corp by 3.27% for T$231.61 million (RM29.36 million) via open-market sales to diversify its portfolio. The disposal reduces its holding to 4.25% and is expected to net a gain of RM2.52 million. — JcbNext trims further 3.27% stake in Taiwan-listed 104 Corp

Alliance Bank Malaysia Bhd (KL:ABMB) expects stable asset quality and lower FY2027 net credit costs (27-32 bps) as local economic indicators show no added stress. Group CEO Kellee Kam noted the bank is moving past FY2026's RM185 million pre-emptive provisions, following an improvement in gross impaired loans to 1.73%. — Alliance Bank CEO sees stable asset quality, lower credit costs in FY2027

IJM Corp Bhd (KL:IJM) chairman Tan Sri Krishnan Tan, 73, will step down at the group’s Aug 27 AGM after deciding not to seek re-election. The group confirmed the retirement has been long planned, concluding Tan's 42-year tenure with IJM, which included roles as CEO and executive deputy chairman. — IJM chairman Krishnan Tan to retire after 42 years, IJM credits Krishnan Tan for his leadership, says retirement long planned, strategy unchanged

Silver Ridge Holdings Bhd’s (KL:SRIDGE) largest shareholder Datuk Khoo Yik Chou has ceased to be a substantial shareholder following a margin call-forced sale of a 15.7% stake, leaving him with s 2.51% interest (2.02% direct, 0.49% indirect). Khoo was also group managing director until June 26, when he resigned to facilitate the company's succession planning and leadership transition. — Silver Ridge’s largest shareholder Khoo Yik Chou loses substantial shareholder status after forced sale