KUCHING: Press Metal Aluminium Holdings Bhd’s major shareholders — the Koon brothers — have disposed of a combined 60 million shares as the counter climbed to a multi-year high last week. Group chief executive officer (CEO) Tan Sri Paul Koon Poh Keong sold 24 million shares on Dec 3, when
KUCHING: WTK Holdings Bhd has booked an estimated RM22 million gain from the disposal of Song Logging Company Sdn Bhd, a divestment completed last Friday (Dec 5). Song Logging — which is involved in the extraction and sale of logs and timber products — was sold for RM23.5 million in
KUCHING: Aberdeen Group PLC (formerly known as ABRDN PLC) has emerged as a substantial shareholder in Dayang Enterprise Holdings Bhd. The UK-based fund acquired 57,972,400 shares (5.007%) on November 24, 2025, according to Dayang’s filing with Bursa Malaysia. Since then, Aberdeen has amassed more shares, increasing its total shareholdings in
KUCHING: Ibraco Bhd has more than doubled its group net profit to about RM57.3 million in the first nine months of 2025 (9m2025) from RM26.8 million a year ago, riding on the strong performance of both property development and construction business. The earnings growth was in tandem with expansion in
KUCHING: Pansar Bhd says the implementation of the sales and service tax (SST) has squeezed its profit margins and contributed to delays in sales, noting that the impact “will take some time to mitigate.” The company added that currency movements are offering some relief. “The ringgit continued appreciating against our
KUCHING: Media Chinese International Ltd (MCIL) is leaning on its growing travel business to offset the continued weakness in its publishing and print operations. Group chief executive officer Francis Tiong said the performance of MCIL’s tourism division is being lifted by an expanded portfolio that includes new destinations and immersive,
KUCHING: Property developer Naim Holdings Bhd has slipped into the red, posting a net loss of RM6.12 million for the third quarter ended Sept 30, 2025 (3Q2025) — a sharp reversal from a profit of RM43.3 million a year earlier — dragged down primarily by losses in an associate construction
KUCHING: ABM Fujiya Bhd (AFujiya) is commissioning machinery for the fifth production line at its new battery manufacturing plant in Demak Laut Industrial Park, with completion expected next month. The company, which released its third-quarter results for the period ended Sept 30, 2025 (3Q2025), said four production lines are currently
KUCHING: AIZO Group Bhd has proposed to undertake another fund-raising exercise via private placement and renounceable rights issue that has the potential to raise up to RM195.6 million to finance, among others, its large-scale solar and current construction projects. The proposed private placement entails the issuance of up to 763,883,000
KUCHING: WTK Holdings Bhd had chalked up remarkable earnings, with group net profit surged to about RM27.4 million in third quarter ended September 30, 2035 (3Q2025) from RM1.83 million a year ago, with strong contributions from the oil palm business. However, group revenue dropped to RM130.8 million from RM167.6 million