Thursday 08 Oct 2026
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KUALA LUMPUR (Oct 7): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:

Yinson Azalea Production Pte Ltd, an indirect wholly-owned subsidiary of Yinson Holdings Bhd (KL:YINSON), said it has officially priced US$1.46 billion (RM6.21 billion) in senior secured notes for its Agogo floating production, storage and offloading (FPSO) vessel. This pricing marks an industry record as the largest-ever issuance size for an FPSO project bond, Yinson Production said. The notes were priced at 98.16% of their principal amount with a fixed annual coupon of 6.52%, payable semi-annually. They carry a 13.3-year fully amortising maturity schedule and are scheduled for settlement on Oct 21. — Yinson unit prices largest FPSO project bond at US$1.46b

Northern Solar Holdings Bhd (KL:NORTHERN) has secured a RM34 million engineering, procurement, construction and commissioning (EPCC) contract to develop a 9.5MW large-scale solar photovoltaic plant. The latest award follows RM119.4 million worth of large-scale solar contracts secured in March 2026, bringing the amount of jobs it has secured this year to about RM153.4 million. Northern Solar’s unbilled order book stood at RM189.3 million as at end-June 2026. — Northern Solar bags RM34m solar plant contract a day after Main Market transfer

Aemulus Holdings Bhd (KL:AEMULUS) has secured new orders worth US$3.86 million (RM15.77 million) from an undisclosed Singapore customer for test systems used in the data centre and artificial intelligence (AI) market. The orders were secured by its wholly-owned subsidiary Aemulus Corporation Sdn Bhd and are expected to be fulfilled within 12 months. Revenue from the orders will be recognised progressively as the systems are delivered. — Aemulus secures RM15.8m orders for data centre, AI test systems from Singapore customer

Datasonic Group Bhd (KL:DATASONIC) has terminated its proposed acquisition of a RM28.5 million industrial property in Petaling Jaya after failing to get Fire and Rescue Department approval for fire safety equipment. The termination notice was issued by Datasonic Technologies Sdn Bhd (DTSB), the group’s wholly-owned subsidiary, to the vendor Pixio Sdn Bhd on Tuesday. Under the termination, Pixio is required to refund the RM2.85 million deposit paid towards the purchase price to DTSB or its solicitors within 14 days of receiving the termination notice. — Datasonic axes RM28 mil property deal after Fire Dept condition unmet

CIMB Group Holdings Bhd (KL:CIMB), Malaysia’s second-largest lender by assets, fell to its lowest in three months as banking stocks fell amid persistent concerns over rising bond yields. The surging long-dated bond yields will erode trading gains and capital positions, which could affect dividends at select banks, JPMorgan said in a note on Southeast Asian banking stocks. Cost of funds could rise and investment banking revenue could take a hit as well, the research house noted. For Malaysia, JPMorgan downgraded CIMB to “underweight” from “neutral” and AMMB Holdings Bhd (KL:AMBANK) to “neutral” from “overweight”. — Malaysian banking stocks fall as JPMorgan downgrades CIMB, AMMB

Bursa Malaysia has approved PJBumi Bhd’s (KL:PJBUMI) proposed share split, expected to boost trading liquidity and attract a broader investor base by lowering trading prices. PJBumi said Bursa Malaysia’s approval for the proposed share split is subject to several conditions, including full compliance with the relevant provisions of the Main Market Listing Requirements (Main LR) governing the exercise. The group said it is also required to notify Bursa Malaysia upon completion of the proposed share split and submit a certified true copy of the shareholders' resolution approving the exercise before the listing and quotation of the subdivided shares. — PJBumi gets Bursa's nod for proposed one-into-five share split

Bursa Malaysia has dismissed MMM Group Bhd’s (KL:MMM) appeal against the rejection of its proposed regularisation plan, paving the way for the company to be delisted on Oct 12. The Practice Note 17 (PN17) company said Bursa’s Listing Committee decided that the grounds raised in its appeal did not justify departing from its decision previously. Accordingly, the Listing Committee upheld Bursa’s July 10 decision to reject MMM Group’s regularisation plan to exit its PN17 status. — MMM Group to be delisted on Oct 12 as Bursa Malaysia dismisses appeal

Edited ByS Kanagaraju
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