Trading ideas: SD Guthrie, Gadang, Maxim, HLBank, Vanzo, Cuckoo, Ecobuilt, Wasco, Poh Huat
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
SD Guthrie Bhd , formerly known as Sime Darby Plantation Bhd, and its sister company Sime Darby Property Bhd have entered into an agreement to jointly develop up to 2,000 acres of land on Carey Island, Selangor.
Gadang Holdings Bhd 's wholly owned subsidiary, Gadang Engineering (M) Sdn Bhd, has secured a RM92.5mn contract to widen the Kuala Lumpur-Karak Highway.
Maxim Global Bhd has filed an appeal to overturn a stay order granted by the High Court this week that temporarily halts its high-rise residential project here.
Hong Leong Bank Bhd has issued RM400mn in nominal value of Tier 2 subordinated notes under its multi-currency Tier 2 subordinated notes programme.
Vanzo Holdings Bhd's wholly owned subsidiary has appointed Taiwan-based Xishangxi International Marketing Co Ltd as the exclusive distributor of VASB's products in both online and physical Watsons stores in Taiwan.
Cuckoo International (Malaysia) Bhd is set to go public in Malaysia on June 24 after a scaled-down offering that's expected to raise RM395mn.
Ecobuilt Holdings Bhd today announced the resignation of its CEO Lim Chin Yen effective immediately. He is succeeded by Fong Tuck Yong.
Wasco Bhd is planning to list its wholly owned unit, Wasco Greenergy Bhd, which operates biomass and steam energy businesses, on the Main Market of Bursa Malaysia.
Poh Huat Resources Holdings Bhd reported a 92.1% YoY drop to RM575,000 in quarterly net profit, as demand from the US softened amid tariffs and higher operating costs dented earnings.
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The Star
4 hours ago
- The Star
Airlines weigh Middle East cancellations after US strikes in Iran
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Sinar Daily
5 hours ago
- Sinar Daily
Govt targets 200,000 individuals to be discharged from bankruptcy this year
So far, approximately 186,000 individuals have been successfully released from the problem. 23 Jun 2025 03:21pm Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said - Photo by Bernama SHAH ALAM - The government is targeting 200,000 individuals to be discharged from bankruptcy by the end of this year. Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said said that so far, approximately 186,000 individuals have been successfully released from the problem. She said the record was obtained by the Malaysian Insolvency Department following the government's efforts in giving a second chance to the affected group to continue their lives. "We hope by the end of the year, we can give a calculation (people released from bankruptcy status). So in total we hope to target 200,000 this year," she said. Photo for illustration purposes only. She told reporters after the launch of the Financial Literacy Programme for Public Higher Education Institutions (IPTA) and Private Higher Education Institutions (IPTS) in 2025 by Malaysian Insolvency Department at Universiti Teknologi Mara (UiTM) Shah Alam today. Also present was UiTM vice-chancellor Prof Datuk Dr Shahrin Sahib @ Shabuddin. When tabling Budget 2025, Prime Minister Datuk Seri Anwar said the Second Chance Policy would be expanded to young people aged 40 and below who have debts not exceeding RM200,000 starting last year. Meanwhile, Azalina said a total of 25,578 bankruptcy cases were recorded from 2021 to May 2025 from the age of under 25 to 55 and above. Of that total, she said, 10,145 bankruptcy cases were recorded involving the 35 to 44 age group. She said that by gender, men recorded higher bankruptcy cases than women, at 18,590 during the same period. Meanwhile, Azalina said the programme organised today was one of the proactive steps taken by the Madani government in bringing laws and knowledge related to financial management and literacy to the people, especially students of higher learning institutions who are about to enter the working world. About 1,000 students from public and private universities and colleges were involved in the one-day programme. - BERNAMA Malaysian Insolvency Department
The Star
5 hours ago
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A HUB FOR INTEGRATED LIVING
(From left): Cynthia, Daniel and Lucas mark the grand launch of Centrum Iris with a traditional lion dance performance – symbolising prosperity, good fortune and an auspicious beginning for the new development in Cameron Highlands. LBS supports eco-friendly living with Centrum Iris CAMERON HIGHLANDS: LBS Bina Group Bhd has unveiled Centrum Iris, the second precinct of its signature Cameron Centrum township. With a Gross Development Value (GDV) of RM472mil, Centrum Iris is officially the largest mixed commercial development in Cameron Highlands, setting a new benchmark for integrated highland living in Malaysia. Centrum Iris, the second phase of the Cameron Centrum township, marks a significant milestone in LBS' vision to redefine highland living. It builds upon the success of Precinct 1 — Cameron Highlands' largest mixed-use development, completed in 2021 — which features 58 shop-office units ranging from two to five storeys and is now 95% occupied by well-known brands in the food and beverage, banking, healthcare and daily essentials sectors. The thriving commercial ecosystem in Precinct 1 has laid a solid foundation for Centrum Iris, offering a ready catchment of lifestyle convenience and investment appeal. Centrum Iris stands out as the first development in Cameron Highlands to receive the Silver GreenRE Certification reflecting LBS' ongoing commitment to sustainability and environmentally responsible development. Designed to promote green living, the project includes electric vehicle (EV) charging bays, 47 lifestyle-focused facilities and a rooftop cafe and restaurant with panoramic highland views, strategically planned to foster a greener and healthier lifestyle. Strategically located in the heart of Brinchang's bustling commercial district, Centrum Iris offers 705 residential units — ranging from 595 sq ft to 1,370 sq ft and priced from RM476,000 — as well as 26 commercial units ranging from 615 sq ft to 2,944 sq ft, starting from RM676,000. The development seamlessly blends modern architecture with English-inspired aesthetics, creating a distinctive and elevated lifestyle destination in the highlands that caters to both homeowners and investors. Daniel (fourth from right) and the team at the Memorandum of Understanding (MOU) signing ceremony with MyKey International and Dreamscape Hospitality Group, held in conjunction with the grand launch of Centrum Iris in Cameron Highlands. A key highlight of the grand launch event was the signing of a Memorandum of Understanding (MOU) with short-term rental platform operators MyKey International and Dreamscape Hospitality Group. The initiative is set to drive hassle-free returns for LBS purchasers and homeowners. 'Our collaboration with MyKey and Dreamscape enables us to expand Centrum Iris' appeal beyond traditional homeownership, tapping into the short-term rental market in Malaysia's tourism hotspots,' said LBS executive director Datuk Seri Daniel Lim, who officiated the grand opening event. Also present during the event were LBS executive director Datuk Cynthia Lim and deputy chief executive officer Lucas Lim. Centrum Iris has already achieved strong booking rates to date, reflecting growing market confidence in its investment potential. Its central location in Brinchang — a hub for tourism and commerce — positions the development as a prime choice for buyers seeking long-term value and year-round highland appeal. Visitors are welcome to the Centrum Iris Sales Gallery, open daily from 10am to 6pm at C-2-48, Presint 1, Cameron Centrum, Brinchang, Cameron Highlands, Pahang. For added convenience, a Satellite Sales Gallery for Centrum Iris is also available on the ground floor of LBS 2 in Petaling Jaya, Selangor. For more information, contact 1700 81 8778 or visit
