After delisting, FGV shares trading to be suspended
In a filing today, FGV said that the company had submitted an application to Bursa Securities last Friday for the withdrawal of FGV's listing status from the official list of Bursa Securities, in accordance with paragraph 16.07(a) of the LR.
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The Star
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- The Star
Trading ideas: Binastra, EPB, Citaglobal, Ivory, Zetrix, Enproserve, MN, NCT, Duopharma, Gas Malaysia, Maxis, MPI, Press Metal, Sime Property, SunCon, UEM Sunrise, YTL
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Binastra Corp Bhd has secured a RM132mn contract from Exsim Lumba Kuda Sdn Bhd to carry out piling works for a new 63-storey serviced apartment project in Johor Bahru. EPB Group Bhd is partnering with Shenzhen Honglin Machinery Equipment Co Ltd to drive automation and market expansion across Southeast Asia. Citaglobal Bhd 's wholly-owned subsidiary, Citaglobal Land Sdn Bhd has secured a RM168.9mn contract from the Public Works Department for the FT3 Road Upgrade project. Bursa Malaysia Bhd has rejected PN17 company Ivory Properties Group Bhd 's application for a further extension of time to submit its regularisation plan. Hence, its securities will be suspended effective Aug 29, and the company will be delisted on Sept 3, unless an appeal is submitted. Zetrix AI Bhd said on Thursday the High Court has allowed the company to proceed with the judicial review against a public reprimand by Bursa Malaysia Bhd. Enproserve Group Bhd has secured a two-year contract from Petronas Dagangan Bhd to maintain aviation refuelling vehicles, marking its entry into the aviation vehicle maintenance sector. MN Holdings Bhd is seeking to raise up to RM95.9mn through a private placement of up to 10% of its enlarged share base for working capital. NCT Alliance Bhd has entered a conditional share sale agreement to acquire 100% equity interest in NCT World Sdn Bhd for RM490.3mn. Duopharma Biotech Bhd 's net profit for 2QFY2025 rose 21.1% YoY to RM20.2mn from RM16.7mn, as lower production costs lifted margins. Gas Malaysia Bhd 's net profit for 2QFY2025 dropped 9.9% YoY to RM99.1mn from RM110.1mn, despite higher sales volume and pipeline tolling fee, as natural gas selling prices dipped. Maxis Bhd 's net profit for the 2QFY2025 increased 12% YoY to RM398mn from RM356mn on the back of stronger enterprise business and higher home services revenue. Malaysian Pacific Industries Bhd's net profit for 4QFY2025 fell 47.5% YoY to RM43.5mn from RM83mn in the absence of a one-off gain from reversal of provisions. Press Metal Aluminium Holdings Bhd's net profit for 2QFY2025 declined 4.4% YoY to RM483.6mn from RM505.8mn on higher input costs and lower contributions from its associate companies. Sime Darby Property Bhd 's net profit for 2QFY2025 declined 11.4% YoY to RM143.5mn from RM162mn, mainly due to lower revenue growth and higher costs. Sunway Construction Group Bhd 's net profit for 2QFY2025 more than doubled YoY to RM83.9mn from RM38.9mn on the back of continued progress of its data centre projects. UEM Sunrise Bhd 's net profit for 2QFY2025 jumped 18.9% YoY to RM22.4mn from RM18.8mn, supported by higher contributions from joint ventures and associates, along with a substantial drop in finance costs. YTL Corp Bhd 's net profit for 4QFY2025 rose 2.3% YoY to RM547.2mn from RM535mn, as better performance from its cement and building materials segment helped offset impact from foreign exchange swings in its power generation business.
New Straits Times
12 hours ago
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Bursa Malaysia rejects Ivory Properties application for more time on regularisation plan
KUALA LUMPUR: Ivory Properties Group Bhd's application for a further extension of time to submit its regularisation plan to exit Practice Note 17 (PN17) status has been rejected by Bursa Malaysia Securities Bhd. In a statement today, Bursa Malaysia said trading in the securities of Ivory Properties will be suspended with effect from Aug 29, 2025. It added that the securities of the company will be delisted on Sept 3, 2025, unless an appeal against the delisting is submitted to Bursa Securities on or before Aug 28, 2025. "Any appeal submitted after the appeal timeframe will not be considered by Bursa Securities," it said. Bursa Securities added that in the event Ivory Properties submits an appeal within the appeal timeframe, the delisting will be deferred pending the decision on the appeal. "However, Bursa Securities will proceed to suspend the trading of the company's securities on Aug 29, 2025, even though the decision on the appeal is still pending. "Upon delisting, Ivory Properties will continue to exist but as an unlisted entity. It will still be able to continue its operations and business and proceed with its corporate restructuring, and its shareholders can still be rewarded by the company's performance," it added.
The Star
4 days ago
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Bursa Malaysia reprimands PIE Industrial and 2 directors
PETALING JAYA: Bursa Malaysia Securities Bhd has publicly reprimanded P.I.E. Industrial Bhd (PIE) and two of its directors for breach of the Bursa Malaysia Securities Main Market Listing Requirements. The two directors were imposed total fines amounting to RM150,000, it said. According to Bursa Malaysia Securities, PIE had failed to make an immediate announcement when the company's unit had secured an overseas customer / manufacturer which specialises in servers and switches Mar 31, 2024. "PIE had only made the announcement that the company had secured the manufacturer on Apr 19, 2024 and announced the expected revenue on April 23, 2024," it said in a statement. The market regulator said there was also a breach in Paragraphs 9.08(2) & (5) of the listing requirements. PIE's managing director Mui Chung Meng had a total public reprimand and fine of RM100,000 while its executive director Lan, Kuo-Yi amounting to RM50,000. It said the finding of breach and imposition of the above penalties on PIE and the directors were made upon completion of due process and after taking into consideration all facts and circumstances of the matter including the materiality of the breaches, impact of the breaches to PIE and shareholders/investors and the roles, responsibilities, knowledge, involvement and conduct / action / inaction of the directors. "Bursa Malaysia Securities views the contraventions seriously as timely disclosure of material information that might affect investors' interests is key to a transparent, orderly and fair market. 'Further, the obligation to ensure no selective disclosure is of paramount importance to ensure fairness and equal access to material information regarding the business and affairs of listed companies towards maintaining investor confidence and market integrity," it added.
