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US insurer Chubb scraps IPO of Malaysian unit
KUALA LUMPUR (Aug 25): US insurance company Chubb Ltd has scrapped the planned listing of its Malaysian unit, according to people familiar with the matter. Advisers were working on the initial public offering (IPO) of Chubb Insurance Malaysia Bhd as a means to comply with the regulator’s mandate for foreign insurers to pare down their stakes in th
KLK, Batu Kawan, Khee San, Foodie Media, Sime Darby Property, WCE Holdings, Sunway Construction, Zetrix AI, Guan Chong, Cahya Mata Sarawak, Ajinomoto, Pestec
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 adjustmen
Sunzen shareholders approve deferral of Ecolite, Yanming profit guarantees
KUALA LUMPUR (Aug 24): Shareholders of Sunzen Group Bhd (KL:SUNZEN) have approved a deferral of the two-year profit-guarantee period tied to the group's acquisition of the remaining 30% stakes in Ecolite Biotech Manufacturing Sdn Bhd and Yanming Resources Sdn Bhd. The resolution to vary the terms of the acquisition was passed unanimously at its ex
Northeast mulls alternative site as construction of new factory gets further delayed
KUALA LUMPUR (Aug 24): Northeast Group Bhd (KL:NE) is considering acquiring an alternative site that already has the requisite licences and regulatory approvals, after the construction of its planned new factory to house additional computer numerical control (CNC) machines was "further delayed". The Penang-based precision engineering components ma
Tiong Nam 1Q profit triples, expects positive logistics performance on increased business
KUALA LUMPUR (Aug 24): Tiong Nam Logistics Holdings Bhd (KL:TNLOGIS) said it anticipates a “positive performance” from its logistics and warehousing operations in its current fiscal year on increased business, as the net profit for its first quarter tripled on lower other overhead expenses. Net profit for the three months ended June 30, 2026 (1QFY
Pestec names former CEO, company secretary and CFO in suit alleging fraud
KUALA LUMPUR (Aug 24): Pestec International Bhd (KL:PESTEC) said the former members of its management it sued earlier this month for alleged fraud and conspiracy included its ex-CEO Lim Pay Chuan. Three other former management members named as defendants are former company secretary Pan Seng Wee, former head of transmission line and power cables s
Sime Darby Property bets on recurring income to smoothen earnings as it raises dividend policy
KUALA LUMPUR (Aug 24): Sime Darby Property Bhd (KL:SIMEPROP) announced on Monday that its rapidly expanding investment and asset-management business is providing greater earnings visibility and a growing stream of recurring income, supporting a higher dividend payout policy. The push to build recurring income is central to Sime Darby Property's tr
Orkim posts RM23m 2Q profit as fleet utilisation holds at 91%
KUALA LUMPUR (Aug 24): Orkim Bhd (KL:ORKIM), the country's largest clean petroleum product (CPP) tanker operator, posted a net profit of RM22.91 million for the second quarter as fleet utilisation remained stable at about 91%. Revenue for the quarter ended June 30, 2026 (2QFY2026), came in at RM87.34 million, with the company recording a gross pro