KUALA LUMPUR (Sept 25): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:
Vantris Energy Bhd (KL:VANTNRG) said its unit has secured two offshore transportation and installation work orders with a combined value of about RM1.8 billion. One was from PETRONAS Carigali Sdn Bhd, while the other was from PTTEP HK Offshore Ltd and PTTEP Sarawak Oil Ltd. — Vantris Energy unit secures RM1.8b offshore work orders
Teck Guan Perdana Bhd (KL:TECGUAN) saw its net profit for the second-quarter ended July 31, 2026 (2QFY2027) more than triple to RM16 million from RM5.26 million a year earlier. Revenue jumped 179% year-on-year to RM260.8 million from RM93.4 million on higher sales volume and selling prices of palm oil products. — Teck Guan Perdana’s 2Q net profit more than triples on stronger palm oil margins
Shareholders of Willowglen MSC Bhd (KL:WILLOW) have been advised to approve the planned disposal of its core businesses. The proposed transactions are “fair and reasonable” as well as “not detrimental” to shareholders, independent adviser cFSolutions Sdn Bhd said in a circular to minority shareholders posted on Friday. Shareholders are set to vote on the deals on Oct 19. — Willowglen adviser recommends shareholders back RM215m disposals
Plantation company TSH Resources Bhd (KL:TSH) said its 90%-owned indirect Indonesian subsidiary, PT Sarana Prima Multi Niaga, has been fined 184.35 billion rupiah (about RM42 million) by Indonesia’s Forest Area Enforcement Task Force (FAC). No reason was given. The subsidiary is expected to pay it in four installments, with the first being made on Friday. — TSH Resources unit fined RM42 mil by Indonesia forest task force
Yinson Holdings Bhd (KL:YINSON) and MISC Bhd (KL:MISC) said discussions on Yinson's potential privatisation are ongoing, with the indicative offer price maintained at RM2.35 per share. Both companies also stressed that there can be no assurance that the discussions will result in a deal. — Yinson privatisation talks ongoing, RM2.35 indicative offer unchanged
Heavy machinery specialist Favelle Favco Bhd (KL:FAVCO) has secured three contracts worth RM88.8 million to supply cranes. Two of the contracts were awarded by Saipem Offshore Construction and Malaysia Marine and Heavy Engineering Sdn Bhd, with delivery expected by the end of 2027. The third contract was from OceanMight Sdn Bhd and is scheduled for delivery in the third quarter of 2027. — Favelle Favco bags contracts worth RM89m to supply cranes
Energy and engineering solutions provider Kinergy Advancement Bhd (KL:KINERGY), formerly known as Kejuruteraan Asastera Bhd, plans to place out up to 10% of its issued shares to third-party investors to raise up to RM79.75 million to finance its Perlis power plant and repay debts. — Kinergy plans 10% share placement to raise RM79.8 mil for Perlis power plant, debt repayment
Engineering services and renewable energy provider Kawan Renergy Bhd (KL:KENERGY) posted a 72.8% drop in its third-quarter net profit, due partly to cost overruns at its power plant project in Sabah. Net profit for the quarter fell to RM2.04 million from RM7.49 million a year earlier. — Kawan Renergy 3Q net profit falls 73% amid cost overruns at power plant project
EWI Capital Bhd (KL:EWICAP), formerly known as Eco-World International Bhd, reported a wider net loss of RM13.23 million in the third quarter, up from RM8.18 million a year ago, weighed down by higher impairment and finance costs. No revenue was recognised. The latest quarterly net loss also marked EWI Capital’s fifth straight quarter in the red. — EWI Capital posts fifth quarterly net loss of RM13.23 mil on higher impairment and finance costs
Construction firm Taghill Holdings Bhd (KL:TAGHILL) has signed a joint venture agreement to develop a residential project on a Malay reservation land in Kelantan, with an estimated gross development value (GDV) of RM191.7 million. Its wholly-owned Taghill Aman Sdn Bhd entered into the deal with the property's registered proprietor Mohamed Hasbullah Che Hussin, and beneficial owner SBJ Binajaya Development Sdn Bhd. — Taghill enters joint venture to develop Kelantan land with estimated RM192 mil GDV