KUALA LUMPUR (Feb 10): Based on corporate announcements and news flow on Thursday (Feb 10), companies that may be in focus on Friday include Capital A Bhd, Serba Dinamik Holdings Bhd, Pharmaniaga Bhd, Asia Media Group Bhd, Censof Holdings Bhd, Berjaya Food Bhd, Aemulus Holdings Bhd, S P Setia Bhd and Green Packet Bhd.

Capital A Bhd’s (formerly known as AirAsia Group Bhd) 100%-owned subsidiary AirAsia Aviation Ltd is set to announce key organisational changes as well as the airline group’s entity’s establishment of an independent board of directors, including a new non-executive chairman on Friday. The announcement will be made by Capital A chief executive officer Tan Sri Tony Fernandes.

The High Court has dismissed Serba Dinamik Holdings Bhd’s application for an injunction against Bursa Malaysia Securities Bhd to prohibit the regulatory authority from forcing the company to release the factual findings update (FFU) by Ernst & Young Consulting Sdn Bhd. On Monday, another High Court had ordered Serba Dinamik to reveal the FFU within two market days. However, it is understood that Serba Dinamik has formally written to apply for a stay of that decision, and that application will be heard on Feb 14.

The Ministry of Health’s Institute of Clinical Research (ICR) has called Pharmaniaga Bhd’s claim that two doses of Sinovac’s Covid-19 with one Pfizer-BioNTech booster is less effective against the Omicron variant of the coronavirus a misrepresentation of “prevailing facts and evidence”. The ICR said it continues to recommend Pfizer or AstraZeneca as the preferred booster for Sinovac vaccine recipients. Among Sinovac recipients, the MoH said, a heterologous booster (Sinovac primary vaccination, followed by a Pfizer booster) offered greater protection against infection than a homologous booster dose (three doses of Sinovac).

Asia Media Group Bhd has filed a legal suit against its former chief executive officer and founder Wong Shee Kai over account discrepancies. The company said it discovered discrepancies in the accounts relating to the company’s funds used to acquire property, plant and equipment based on findings made by BDO Governance Advisory Sdn Bhd. It said there is no financial impact at present, but there will be a positive impact in the event the court decides in the company’s favour.

Financial management solutions provider Censof Holdings Bhd has disposed of five million shares in Dagang NeXchange Bhd (DNeX) for RM5 million on the open market which sees it making a profit of RM1.2 million on its investments. The original cost of investment for the shares was RM3.8 million. Censof said proceeds from the disposal will be used for working capital within the next 12 months.

Berjaya Food Bhd’s net profit more than tripled to RM38.88 million for the second quarter ended Dec 31, 2021, from RM11.12 million a year prior, on the back of higher revenue, coupled with an improved performance from its Kenny Rogers Roasters operations. Quarterly revenue grew 56.67% to RM272.75 million from RM174.1 million, mainly due to higher same store sales growth, particularly from its Starbucks outlets.

ACE Market-listed automated test equipment manufacturer Aemulus Holdings Bhd is looking to inject capital into Tangming Shengshi Technology (Jiashan) Co Ltd (TMSS), which is involved in the development and sales of semiconductor equipment and the provision of design consultancy services. In 2020, Aemulus had entered into an agreement with China-based technology firm Tangren Microtelligence Technology (Jiashen) Co Ltd to form a 40:60 joint venture — TMSS — to enter the China market.

S P Setia Bhd, through its subsidiary Setia HC Ventures Sdn Bhd, has signed an agreement with Qualitas Medical Group Sdn Bhd to jointly develop and operate Ambulatory Care Centre in Setia Alam, Shah Alam. S P Setia president and CEO Datuk Choong Kai Wai said he is confident of the success of the new venture, given the ageing population in Malaysia and the need for such services to be conveniently accessible in established townships housing multi-generational families like Setia Alam.

Green Packet Bhd’s newly emerged largest shareholder Leong Seng Wui has joined the company’s board as executive director effective Thursday (Feb 10). Leong’s appointment came after the group’s co-founder Puan Chan Cheong sold his stake in Green Packet and resigned from the board on Jan 31. Leong, 42, is the former executive director of XOX Networks Bhd (formerly known as Macpie Bhd).