Mesiniaga secures RM32.3 million MyGST contract extension
The two-year agreement runs from Oct 16, 2026, to Oct 15, 2028, with no provision for automatic renewal.
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The two-year agreement runs from Oct 16, 2026, to Oct 15, 2028, with no provision for automatic renewal.
The Miri project covers construction and a 60-month operation and maintenance period, with capacity planned at seven million litres per day.
The company confirmed its suspension as a JPJ collection agent and warned of lost revenue and profit contributions from affected services in 4QFY2026.
Fadillah said discussions with the French ambassador also covered renewable energy and closer bilateral cooperation.
The investment will use internally generated funds, with production at the Pulau Indah plant expected to start in two phases in 2027.
The board changes follow Hii Capital Holdings Sdn Bhd securing a 53.08% stake when a mandatory offer closed.
The contracts cover construction work and solar component supplies for a 99.99MW plant, with commencement subject to a notice to proceed.
FY2026 net profit tripled to RM308 million, while revenue rose 21% to RM4.23 billion on higher sales volume.
Selected banks will test an industry-wide fraud alert capability during the first half of 2027 before a broader rollout.
The group is seeking an 8% increase in FY2027 and plans to recruit workers while improving productivity and automation.