Latest news with #BursaSecurities
The Sun
25-05-2025
- Business
- The Sun
Wawasan Dengkil registers RM134.7 million revenue for nine-months FY25
PETALING JAYA: Earthworks and civil engineering construction services provider Wawasan Dengkil Holdings Bhd recorded revenue of RM134.7 million for the nine months ended March 31, 2025 (9M25), with 89.6% contributed by its construction services segment and the balance by its trading of construction materials and hiring of machinery and commercial vehicles segments. Group profit after tax (PAT) stood at RM8.2 million, translating into a healthy margin of 6.1%. After excluding the one-off IPO listing expenses of RM1.3 million for 9M'25, Wawasan Dengkil would have recorded an adjusted PAT of RM9.5 million and an adjusted PAT margin of 7.1% for the financial period under review. Wawasan Dengkil also announced its third quarter (Q3'25) financial results. On a quarter-on-quarter basis, the group recorded revenue of RM40.6 million in Q3'25, compared to RM48 million in the previous quarter (Q2'25). This was mainly due to lower contributions from the construction segment as several projects were completed or near completion. The trading segment also saw lower contribution in the quarter following the completion of a major customer's project. Meanwhile, the group registered PAT of RM2.1 million in Q3'25, which, after excluding the one-off IPO listing expenses, would have been RM2.9 million and is comparable to Q2'25's PAT of RM3.4 million. There are no comparative figures for the preceding corresponding quarter and period ended as the company was listed was listed on the ACE Market of Bursa Securities on March 25. Wawasan Dengkil executive director Lim Soon Yik said, 'We are pleased to report a set of healthy performance following our recent listing on Bursa Securities. Our project pipeline remains strong and will keep us engaged over the next two to three financial years. Currently, we are managing 13 ongoing construction projects, with an unbilled order book of RM369.6 million as at March 31 2025. 'While we are mindful of tariff developments, the group does not foresee any impact as we operate domestically without reliance on imports or exports. The outlook remains positive, with the construction industry to benefit from government-led initiatives and increased spending in infrastructure development. With the RM27 million in fresh capital raised through the IPO, we are aiming to enhance our internal capabilities to tender for more and larger-scale projects. 'As of March 31, 2025, our tender book stands at RM1.6 billion, primarily within civil engineering services for property development, highways, urban rail construction, as well as solar farm infrastructure works.' Additionally, the group is well-positioned to capitalise on the national energy transition, which aims for a 40% renewable energy capacity target by 2035. Utility-scale programmes such as LSS5, LSS5+, and the upcoming LSS6 present significant opportunities for the group. As earthworks are typically required during the initial phases of building and infrastructure projects, Wawasan Dengkil is strategically placed to benefit from these growth prospects.
Barnama
23-05-2025
- Business
- Barnama
Pharmaniaga Gets Three Months Extension To Implement Regularisation Plan
KUALA LUMPUR, May 22 (Bernama) -- Bursa Malaysia Securities Bhd (Bursa Securities) today granted Pharmaniaga Bhd a three-month extension up to Aug 29, 2025 to implement its Regularisation Plan. 'The extension of time granted is without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of Pharmaniaga and to delist the company in the event it fails to implement its Regularisation Plan within the time frame or extended time frame stipulated by any of the regulatory authorities,' the company said in a filing with Bursa Malaysia. If it fails to do so, Bursa Securities will suspend the trading of the listed securities of Pharmaniaga on the sixth market day after the date of notification of suspension by Bursa Securities and delist the company, subject to the company's right to appeal against the delisting," it said.
Free Malaysia Today
22-05-2025
- Business
- Free Malaysia Today
Pharmaniaga gets 3-month extension to carry out regularisation plan
Pharmaniaga said if it fails to carry out the regularisation plan within the given time frame, Bursa Securities will serve the company with a suspension notification. KUALA LUMPUR : Bursa Malaysia Securities Bhd has granted Pharmaniaga Bhd a three-month extension up to Aug 29 to implement its regularisation plan. 'The extension of time granted is without prejudice to Bursa' right to proceed to suspend the trading of Pharmaniaga's listed securities and to delist the company in the event it fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities,' the company said in a filing with Bursa. Pharmaniaga said if it fails to carry out the regularisation plan within the given time frame, Bursa will serve the company with a suspension notification before suspending trading of listed securities on the sixth market date from the suspension. Pharmaniaga will then be delisted, subject to the company's right to appeal against the delisting, it said.
The Star
22-05-2025
- Business
- The Star
Pharmaniaga gets three months extension to implement regularisation plan
KUALA LUMPUR: Bursa Malaysia Securities Bhd (Bursa Securities) today granted Pharmaniaga Bhd a three-month extension up to Aug 29, 2025 to implement its Regularisation Plan. "The extension of time granted is without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of Pharmaniaga and to delist the company in the event it fails to implement its Regularisation Plan within the time frame or extended time frame stipulated by any of the regulatory authorities,' the company said in a filing with Bursa Malaysia. If it fails to do so, Bursa Securities will suspend the trading of the listed securities of Pharmaniaga on the sixth market day after the date of notification of suspension by Bursa Securities and delist the company, subject to the company's right to appeal against the delisting," it said. - Bernama
Borneo Post
21-05-2025
- Business
- Borneo Post
Sarawak Cable, Annum face delisting after rejected extension appeal
Bursa Securities said it will proceed to suspend the trading of both companies' securities on May 28, 2025 even though the decision on the appeal is still pending. – Bernama photo KUALA LUMPUR (May 21): Bursa Malaysia Securities Bhd (Bursa Securities) announced that Sarawak Cable Bhd and Annum Bhd are facing delisting from the stock exchange after their respective applications for a further extension of time to submit their regularisation plans were rejected. In separate filings to Bursa Malaysia, the exchange said trading in both securities will be suspended with effect from May 28, 2025. 'The securities of the companies will be delisted on May 30, 2025 unless an appeal against the delisting is submitted to Bursa Securities on or before May 27, 2025. 'Any appeal submitted after the appeal timeframe will not be considered,' it said. The exchange said in the event that the companies submitted appeals to Bursa Securities within the appeal timeframe, the delisting of the securities of the companies from the official list of Bursa Securities on May 30, 2025 will be deferred pending the decision on the appeal. However, Bursa Securities said it will proceed to suspend the trading of both companies' securities on May 28, 2025 even though the decision on the appeal is still pending. The exchange noted that upon the delisting, the companies will continue to exist but as an unlisted entity and are still able to continue their operations and business and proceed with their corporate restructuring and the shareholders can still be rewarded by the companies performance. 'However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities. The interests and rights of the shareholders will remain safeguarded under the Companies Act 2016,' it said. Meanwhile, Annum said it is submitting its appeal against Bursa Securities decision on the suspension and delisting of its securities. In a filing with Bursa Malaysia yesterday, Annum said that further development on the suspension and delisting of the securities of the company will be announced in due course. – Bernama Annum Bursa Malaysia delisting Sarawak Cable
