KUALA LUMPUR (Nov 10): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:<\/p>\n
Genting Bhd (KL:GENTING<\/a>) has issued bonds for a nominal value of RM900 million to part-finance the acquisition of Genting Malaysia Bhd (KL:GENM<\/a>) shares under the takeover offer announced last month. The medium-term notes have a one-year tenure and carry an interest rate of one-month KLIBOR plus 1.80% per annum. The one-month KLIBOR rate stands at 3%, implying an effective annual interest rate of 4.8%. \u2014 Genting taps bond market for RM900m to finance Genting Malaysia acquisition<\/a><\/p>\n SD Guthrie Bhd (KL:SDG<\/a>) has issued its maiden sustainability-linked sukuk of RM2.1 billion, Malaysia’s largest to date. Part of SD Guthrie\u2019s RM5 billion Islamic notes programme, the sukuk will fund the group\u2019s short-term needs, including redeeming a perpetual sukuk in March 2026 with a 5.65% interest rate. The sukuk comprises a RM700 million 10-year sukuk tranche priced at 3.8% and another RM1.4 billion 15-year sukuk at 3.97%. \u2014 SD Guthrie issues Malaysia\u2019s largest RM2.1 bil sustainability-linked sukuk<\/a><\/p>\n Mr DIY Group (M) Bhd (KL:MRDIY<\/a>) posted an 11.9% rise in net profit for the third quarter, driven by stronger gross profit margins and higher revenue from new store openings. Net profit climbed to RM136.12 million as gross profit margin improved to 47.3%. Quarterly revenue rose 5.6% to RM1.198 billion, supported by 26 net new stores opened during the quarter. It declared a higher third interim dividend of 1.3 sen per share, payable on Dec 5. \u2014 Mr DIY\u2019s 3Q net profit up almost 12% on margin gains, store expansion<\/a><\/p>\n Hup Seng Industries Bhd (KL:HUPSENG<\/a>) flagged a challenging operating environment due to ongoing cost pressures and uncertain export conditions, after posting a 10.4% year-on-year decline in net profit for the third quarter of 2025. Its net profit for 3QFY2025 fell to RM15.47 million, although revenue inched up to RM105.7 million. The board declared a dividend of two sen per share for the quarter. \u2014 Hup Seng flags cost headwinds as 3Q profit slips despite slightly higher revenue<\/a><\/p>\n Sunway Real Estate Investment Trust (KL:SUNREIT<\/a>) posted a 25.3% increase in third-quarter net property income (NPI), supported by full-quarter contributions from new retail and industrial assets. NPI for the third quarter ended Sept 30, 2025 (3QFY2025) stood at RM180.9 million compared with RM144.3 million a year earlier. Revenue grew 23.1% to RM236.4 million from RM192.1 million. No distribution was declared for the quarter. \u2014 Sunway REIT\u2019s 3Q NPI rises 25% to RM181 mil on new asset contributions<\/a><\/p>\n Mah Sing Group Bhd\u2019s (KL:MAHSING<\/a>) unit, Enchanting View Development Sdn Bhd, is buying 2.83 acres of land in George Town from state development arm Penang Development Corp for RM51.8 million. The land, located 450 metres from the upcoming Mutiara LRT Line Bandar Sri Pinang station, will be developed into a RM528 million mixed project with condominiums and commercial suites. The development targets young professionals, first-time buyers, upgraders and investors. \u2014 Mah Sing unit buys 2.83-acre land in George Town from Penang Dev Corp for RM51.8 mil<\/a><\/p>\n IHH Healthcare Bhd (KL:IHH<\/a>) received a tepid response to its mandatory takeover offers for an additional 26% stake each in India-based healthcare group Fortis Healthcare Ltd and its subsidiary Malar Hospitals Ltd, which closed on Nov 4. Only 0.0002% stake in Fortis were tendered, while only 0.02% were accepted. Following the close of the open offers, IHH\u2019s holdings stand at 31.17% in Fortis and 62.73% in Malar. \u2014 IHH\u2019s long-delayed Fortis, Malar Hospitals open offers close with negligible acceptance<\/a><\/p>\n AYS Ventures Bhd’s (KL:AYS<\/a>) wholly-owned unit, Ann Yak Siong (Singapore) Pte Ltd, has subscribed for an additional 9.74 million shares in 3HA Capital Pte Ltd for S$9.74 million (RM31.15 million) in cash. This raises AYS Singapore\u2019s total holding to 10.03 million shares, representing a 14.9% equity interest in 3HA Capital. Its shareholding in 3HA Capital remains proportionate with other consortium members under a shareholders\u2019 agreement. \u2014 AYS Ventures invests RM31.15 mil to buy more shares in 3HA Capital, the owner of CosmoSteel<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"KUALA LUMPUR (Nov 10): Here is a brief recap of some business news and corporate announcements that made…\n","protected":false},"author":2,"featured_media":125923,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[163,521,85,46],"class_list":{"0":"post-125922","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-healthcare","8":"tag-health","9":"tag-healthcare","10":"tag-il","11":"tag-israel"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/125922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=125922"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/125922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/125923"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=125922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=125922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=125922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}