KUALA LUMPUR (Aug 24): Here is a brief recap of some corporate announcements that made the news on Monday.

Kuala Lumpur Kepong Bhd (KL:KLK) posted a net loss of RM1.34 billion for the third quarter after booking a RM1.62 billion impairment on its stake in UK-listed Synthomer plc, reflecting the associate’s weak market value. The non-cash adjustment was aimed at removing earnings drag, with no impact on cashflow or dividends. Excluding the one-off charge and Synthomer losses, KLK’s quarterly profit would have risen 28% to RM444.8 million. The impairment also pushed parent Batu Kawan Bhd (KL:BKAWAN) into a RM653.17 million quarterly loss, compared with a RM182.92 million profit previously. — KLK bites the bullet with hefty Synthomer impairment, dragging group into the red in 3Q

Khee San Bhd’s (KL:KHEESAN) largest shareholder Datuk Seri Ngu Tieng Ung has resigned as executive chairman with immediate effect, citing personal reasons. His departure comes three days after six bank accounts of a key subsidiary were frozen under an anti-money laundering probe — Khee San’s largest shareholder Ngu Tieng Ung resigns as executive chairman

KLK, Batu Kawan, Khee San, Foodie Media, Sime Darby Property, WCE Holdings, Sunway Construction, Zetrix AI, Guan Chong, Cahya Mata Sarawak, Ajinomoto, Pestec