KUALA LUMPUR (Sept 10): Here is a brief recap of some corporate announcements that made the news on Thursday:
IHH Healthcare Bhd’s (KL:IHH) Singapore unit Northern TK Venture (NTK) has lost its lawsuit seeking more than ¥200 billion (about RM5.3 billion) in damages from Japanese drugmaker Daiichi Sankyo Co Ltd after the Tokyo District Court on Thursday dismissed all of NTK’s claims and ordered the company to bear the litigation costs. However, IHH said NTK disagrees with the decision and is reviewing the judgment with its legal counsel while considering all available legal remedies. — IHH unit loses ¥200 bil damages claim against Daiichi Sankyo
Lim Seong Hai Capital Bhd (KL:LSH) said the proposed Bandar Malaysia-Seri Kembangan Expressway (BSE) is estimated to cost RM1.75 billion to build, with a proposed concession period of 60 years including four years for construction, after receiving a government letter informing it that the Cabinet had agreed in principle to the highway project. The company expects the project to be financed through a combination of internally generated funds, borrowings and other fundraising exercises. — Bandar Malaysia-Seri Kembangan Expressway to cost RM1.75 bil with 60-year concession, says LSH Capital
Alam Maritim Resources Bhd (KL:ALAM) said an interim executive committee will oversee its operations after CEO Datuk Azmi Ahmad was placed on temporary garden leave amid graft charges. Azmi, who pleaded not guilty, remains a director of the company, which said it will continue operating as usual with support from senior strategic adviser Datuk Aloysius Albert Michael. — Alam Maritim to be led by executive committee as CEO battles graft charges
Higher contributions from associate companies and stronger Mazda sales lifted Bermaz Auto Bhd’s (KL:BAUTO) net profit nearly fivefold in the first quarter. Net profit for the first quarter ended July 31, 2026 (1QFY2027) rose to RM40.51 million from RM8.28 million a year earlier, while share of results from associates swung to a profit of RM1.06 million from a loss of RM9.32 million. Revenue increased 12.58% to RM553.08 million from RM491.28 million. BAuto declared a first interim dividend of two sen per share, with payment scheduled for Nov 4. — Higher associate contributions, strong Mazda sales lift Bermaz Auto’s 1Q profit nearly fivefold
Paragon Globe Bhd (KL:PGLOBE) has secured a RM45.16 million contract from an unnamed data centre operator for earthworks and retaining wall works at a data centre development in Johor. The contract, to be undertaken by its wholly-owned unit PGBG Construction Sdn Bhd, is targeted for completion by the fourth quarter of 2026. — Paragon Globe secures RM45 mil contract for Johor data centre development
AME Elite Consortium Bhd (KL:AME) has agreed to acquire four parcels of freehold land spanning 176.5 acres in Pontian, Johor, within the Johor-Singapore Special Economic Zone (JS-SEZ), for RM199.8 million in cash. The land is intended for industrial development, but the company said it is too early to determine the project’s development timeline, gross development value, costs, expected profits or funding requirements. — AME Elite to acquire 176.5-acre Pontian land for RM199.8m
HE Group Bhd (KL:HEGROUP) has secured an estimated RM25 million purchase order to undertake power distribution system works for a Malaysian manufacturer of NAND flash memory products. The project, which commenced upon acceptance of the purchase order on Thursday, is expected to be completed within 20 weeks by its wholly-owned unit Hexatech Engineering Sdn Bhd. — HE Group bags RM25 mil power distribution system works for NAND flash manufacturer