Binastra Secures RM1.2bn Contract; AirAsia Completes Aviation Business Disposal
Binastra Corporation Bhd has secured a RM1.2 billion contract for construction at Exsim's Causewayz Square in Johor Bahru, while Capital A Bhd completed the transfer of its aviation businesses to AirAsia X Bhd, settling RM3.8 billion in debt. Additionally, Allianz Malaysia Bhd announced an interim dividend of 89.5 sen per share for FY2025, and several companies, including MN Holdings Bhd and Vestland Bhd, reported new contracts and projects in various sectors.
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Binastra Corporation Bhd won a RM1.2bn contract for building and infrastructure at Exsim's Causewayz Square in Johor Bahru. Capital A Bhd completed the disposal of its aviation businesses to AirAsia X Bhd, transferring AirAsia Aviation Group Ltd via 2.3bn new shares and settling RM3.8bn of debt.
Allianz Malaysia Bhd declared an interim dividend of 89.5 sen per share for FY2025, with an ex-date on Jan 30 and payment on Feb 13. MN Holdings Bhd secured four contracts worth RM122.7mn for data centre substation equipment in Peninsular Malaysia.
Vestland Bhd won two construction contracts totaling RM602mn. Genting Plantations Bhd's Indonesian unit was fined 396bn rupiah (RM96.6mn) for forest zone non-compliance. YTL Cement Bhd plans to raise up to RM755mn via a secondary share placement.
Pimpinan Ehsan Bhd received a final extension for its regularisation plan with a June 30, 2026 deadline. TH Plantations Bhd commissioned a 1.2MW biogas power plant with Cenergi SEA, powering 1,500 homes and reducing CO₂ emissions.
Marine & General Bhd partnered with Nautica Energy for vessel maintenance through Jasa Merin Engineering Sdn Bhd. The US cleared FGV Holdings Bhd to resume palm oil exports effective Jan 15, 2026. SumiSaujana Group Bhd plans to diversify into bio-based chemicals in 2026 with RM7.6mn allocated for R&D.
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