Bursa Malaysia Approvals and Corporate Developments for IJM, Perak Corp, and Others
IJM Corp Bhd is under scrutiny from the Malaysian Anti-Corruption Commission and the Inland Revenue Board, while Bursa Malaysia has approved Perak Corp Bhd's restructuring plan. Additionally, Kuchai Development Bhd will voluntarily delist in 2026, and several companies, including Favelle Favco and CAB Cakaran, have secured new contracts and acquisitions, respectively. AirAsia X has appointed Tharumalingam Kanagalingam as group CEO, and Alliance Bank has launched its new headquarters in Kuala Lumpur.
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IJM Corp Bhd reported visits from the Malaysian Anti-Corruption Commission and the Inland Revenue Board to gather information. Bursa Malaysia Securities approved Perak Corp Bhd's regularisation plan for restructuring.
Kuchai Development Bhd will be voluntarily delisted from the Main Market on January 22, 2026. Favelle Favco Bhd secured three contracts for tower and offshore cranes worth RM76.3 million. CAB Cakaran's subsidiary, Pasaraya Jaya Gading, will acquire an industrial building in Kuantan for RM2.8 million.
Reservoir Link Energy Bhd received a contract from Hibiscus Oil & Gas for carbon capture services. Opensys (M) Bhd won a RM22.1 million order for cash recycling machines. Teladan Group launched the Bukit Intan Commercial Centre in Seremban.
PJBumi Bhd formed a joint venture with INTLEF Horizon for oilfield projects in Malaysia and Indonesia. AirAsia X appointed Tharumalingam Kanagalingam as group CEO. M&A Equity placed its subsidiary under voluntary winding-up. Alliance Bank launched its new headquarters, Menara Alliance Bank, on Jalan Ampang.
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