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KLK 1Q net profit rises 73.5% on higher palm product sales, lower costs

KLK 1Q net profit rises 73.5% on higher palm product sales, lower costs

news

Updated:
  • Kuala Lumpur Kepong Bhd's net profit rose 73.5% to RM382.41 million in 1QFY2026 despite lower CPO prices.
  • Manufacturing segment turned profitable, contributing RM42 mil, aided by improved oleochemical performance.
  • Batu Kawan Bhd also reported a 42.9% profit increase, reaching RM182.36 million.
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Independent adviser deems Maxim Global take-over offer not fair and not reasonable; holders urged to reject

Independent adviser deems Maxim Global take-over offer not fair and not reasonable; holders urged to reject

news

Updated:
  • The non-interested directors concurred with MainStreet's assessment.
  • Shareholders are advised to reject the offer, as they can continue trading their shares post-offer.
  • The joint offerors intend to maintain Maxim Global's listing status.
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Additional 28.3 ha area part of TPSJ project, no-tender claims unfounded, says CM Chow

Additional 28.3 ha area part of TPSJ project, no-tender claims unfounded, says CM Chow

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Updated:
  • The 28.3-hectare area is part of the Jelutong Waste Disposal Site Safe Closure Project, not a new reclamation.
  • CM Chow Kon Yeow clarified that the project followed an open RFP process and a joint development agreement.
  • He emphasised that no reclamation has started and all works require regulatory approvals.
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EWI Capital to seek shareholder approval for A$32 mil Macquarie Park land disposal; independent adviser recommends in favour

EWI Capital to seek shareholder approval for A$32 mil Macquarie Park land disposal; independent adviser recommends in favour

news

Updated:
  • EWI Capital Bhd seeks shareholder approval to sell its Macquarie Park land for A$32 mil.
  • The sale aims to exit a loss-making subsidiary and improve financial stability.
  • An extraordinary general meeting is set for June 22, 2026, to discuss the proposal.
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Sentoria risks June 16 delisting after failure to submit regularisation plan

Sentoria risks June 16 delisting after failure to submit regularisation plan

news

Updated:
  • Sentoria Group Bhd faces delisting on June 16 after missing its regularisation plan deadline.
  • An appeal must be submitted by June 11 to defer the delisting, or it will proceed.
  • The company has been financially distressed, posting significant losses since 2018 and has no plan to appeal.
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Sapura Industrial proposes RM10.48 mil disposal of Melaka industrial land to unlock capital gains

Sapura Industrial proposes RM10.48 mil disposal of Melaka industrial land to unlock capital gains

news

Updated:
  • Sapura Industrial Bhd plans to sell a 2.163-hectare industrial land in Melaka for RM10,477,260.
  • The sale aims to capitalize on asset appreciation and support future expansion plans.
  • The transaction is subject to a sale agreement and state authority approval.
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KIP REIT submits listing application for proposed placement; Klang property SPA terminated

KIP REIT submits listing application for proposed placement; Klang property SPA terminated

news

Updated:
  • KIP Real Estate Investment Trust has applied for a listing on Bursa Malaysia for new unit placements.
  • The application was submitted on June 3, 2026, as part of a larger acquisition proposal.
  • KIP REIT also terminated an agreement for a Klang property, which won't impact its financial metrics.
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Chin Hin Property buys Kota Damansara industrial site for RM92.5 mil, plans RM612 mil logistics hub

Chin Hin Property buys Kota Damansara industrial site for RM92.5 mil, plans RM612 mil logistics hub

news

Updated:
  • Chin Hin Group Property Bhd is acquiring a factory and warehouse in Selangor for RM92.5 mil.
  • The site will be redeveloped into a stratified industrial hub with an estimated GDV of RM612 mil.
  • The acquisition is expected to complete in 4Q2026, enhancing CHGP's industrial landbank.
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OCR Group extends deadline for Chester Properties stake acquisition by two months

OCR Group extends deadline for Chester Properties stake acquisition by two months

news

Updated:
  • OCR Group Bhd has extended the HOA deadline for acquiring 49% of Chester Properties by two months.
  • The new expiry date is Aug 4, 2026, to allow for further negotiations.
  • All other terms of the HOA remain unchanged, with updates to follow on any significant developments.
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