KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Sime Darby Property Bhd

has lost its court bid to retain an additional RM78.6mn in compensation arising from the government's acquisition of its land for the West Coast Expressway project.

Milux Corporation Bhd

has proposed to acquire the entire equity interest in Movon Sdn Bhd for RM150.0mn, to be satisfied entirely through the issuance of 220.6mn new MCB shares at an issue price of RM0.68/share.

Maxland Bhd has proposed a rights issue of up to 2.4bn new shares to raise up to RM60.1mn to fund its timber operations, tree plantation activities and working capital requirements.

Kim Teck Cheong Consolidated Bhd

plans to invest RM30.0mn in a Gardenia bread manufacturing plant in Kota Samarahan, Sarawak, which is expected to create 500 jobs for local graduates and skilled workers.

Velesto Energy Bhd

's wholly owned subsidiary, Velesto Drilling 3 (L) Ltd, has terminated the sale of the jack-up rig Velesto Naga 3 to PT Indonesia Drilling Energy after the transaction failed to complete by the agreed deadline.

Aneka Jaringan Holdings Bhd

has proposed to acquire a 51.0% stake in P3 International Sdn Bhd for RM1.0mn, marking its entry into the Taiwan market through a related-party transaction.

Perak Corporation Bhd

said its 49%-owned associate, Suaconcept Pro Sdn Bhd, has defaulted on RM18.4mn in financing repayments to Malaysia Debt Ventures Bhd, prompting the lender to recall the facility.

Vinvest Capital Holdings Bhd

is facing possible suspension and delisting from the ACE Market after failing to appoint a sponsor within the deadline stipulated under the listing requirements.

Tanco Holdings Bhd

said its proposed smart AI container port in Port Dickson has obtained approvals for its building, earthworks, road and drainage, and street lighting plans.

Techna-X Bhd

has scrapped its proposed RM1.2mn debt settlement through the issuance of new shares after the company and its creditors mutually agreed to terminate the settlement agreements.

Ahmad Zaki Resources Bhd

said its wholly owned subsidiary, Ahmad Zaki Sdn Bhd, has been served with two additional winding-up petitions over alleged unpaid claims totalling RM1.8mn.

AirAsia Group Bhd (formerly AirAsia X Bhd

) will begin trading under its new name today. The group's warrants will also be renamed AirAsia Group Bhd – Warrants 2025/2030, while its new stock short name will be AAGB. The stock code 5238 remains unchanged.

Bursa Malaysia Bhd announced that its group technology director, Ashish Jaywant Rege, will step down on July 14 following the expiry of his fixed-term employment contract.

PRG Holdings Bhd has announced the immediate resignation of Andrew Chan Lim-Fai as group managing director and executive director.

KSL Holdings Bhd is offering shareholders the option to reinvest its final dividend of 10sen/share for FY25 under a dividend reinvestment plan.