Illustration (AI-generated)RAM Ratings assigned initial ratings to Sunway Bhd's debt programmes. The ratings reflect Sunway's strong market position and diversified earnings base. Sunway has a sizeable project pipeline but an elevated debt burden. The peak debt is RM18 billion.
Photo: The SunMISC-led consortium offers to buy Yinson Holdings. The offer is RM2.50 per share. The deal is worth RM4.03 billion. Yinson Holdings is a global energy infrastructure company.
Illustration (AI-generated)
Illustration (AI-generated)
Illustration (AI-generated)Sunway Construction Group Bhd won a RM1.7 billion hyperscale data centre contract in Selangor. RHB Investment Bank raised its target price to RM10.70.
MARC Ratings has affirmed WCT Holdings Bhd's credit ratings. WCT's construction order book has recovered with new awards totalling RM2.8 billion.
Sunway Construction Group Bhd has secured a contract variation worth RM920.8 million. The group's outstanding order book is RM11.7 billion.
Pioneer Heat Holdings Bhd's subsidiary BPMech Engineering Sdn Bhd secured a contract for tank rejuvenation works. The contract is worth RM18.2 million and is for works at Tanjung Sulong Export Terminal in Kemaman, Terengganu.
AmBank has launched its transformed Kelawei flagship branch in Penang. The branch has been restored and reimagined.
Sycal Ventures Bhd received a qualified audit opinion for FY2026. The auditors raised concerns over RM275.9 million in assets.
YNH Property Bhd secured an unmodified audit opinion for FY2026. The company ended three years of qualified opinions.
Parkland Bhd has received approval for its IPO and Main Market listing. The company develops townships and properties in Johor, Malacca, and Selangor.
Vertex Material secured a 15-year offtake agreement with Sky-Dweller Construction LLC. The deal is valued at US$2.2 billion.
Paragon Globe shareholders have approved the sale of land in Tanjung Kupang for RM398m. The sale is expected to generate a net gain of RM187.43m.
YNH Property Bhd's subsidiary, YNH Construction Sdn Bhd, has settled a tax dispute with the Inland Revenue Board of Malaysia. A winding-up petition filed against the subsidiary will be withdrawn.
RHB Research raised its target price for Kerjaya Prospek Group Bhd to RM4.02. This follows the company's win of a RM568.2 million project in Terengganu.
Meridian Bhd faces delisting from Bursa Malaysia. The stock exchange rejected its application for a time extension to submit its regularisation plan.
Pavilion REIT appointed Lim Shoo Wenn as alternate director. She is the daughter of Chairman Tan Sri Lim Siew Choon.
IOI Properties Group Bhd clarified that potential acquisitions are still being assessed. None have been formally considered by its Investment Committee or submitted for board approval.
