Corporate News - Bursa Malaysia
2023-01-23
Category: Corporate Development
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies. Track corporate activities such as contract awarded, disposal, merger & acquisition, private placement, rights issue, restructuring, regularisation plan, etc., and study corporate development with ease by using the filter.
Daily compilation of corporate news and activities on Bursa Malaysia listed companies. Track corporate activities such as contract awarded, disposal, merger & acquisition, private placement, rights issue, restructuring, regularisation plan, etc., and study corporate development with ease by using the filter. The information is updated daily by the end of each day, starting from April 2017.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 17 Jan, 2023 | Reservoir Link Energy Bhd | 51%-owned subsidiary, Founder Energy Sdn Bhd, has clinched an engineering, procurement, construction and commissioning (EPCC) project from Solarvest Holdings Bhd for an expected value of RM16.6 million upon completion for the development of a large-scale solar photovoltaic plant of 50 MWac at Bukit Selambau, Kedah. | Contract Awarded |
| 17 Jan, 2023 | Sunway Construction Group Bhd | Won a RM218.76 million contract from Gopeng Bhd's subsidiary GBS Suria Sdn Bhd to build a 50 MW photovoltaic plant in Kampar district in Perak. | Contract Awarded |
| 17 Jan, 2023 | Dialog Group Bhd | Signed the Baram Junior Cluster Small Field Asset production sharing contract (PSC) with Petroliam Nasional Bhd (Petronas) and a unit of Sarawak state-owned Petroleum Sarawak Bhd (Petros). Dialog’s wholly-owned unit Dialog Resources Sdn Bhd will take up a 70% participating interest in the PSC, including the operatorship of the contract, while Petros’s wholly-owned subsidiary Petroleum Sarawak Exploration and Production will take up the remaining 30% stake. | Business Venture |
| 17 Jan, 2023 | Dagang NeXchange Bhd | Ping Petroleum Sdn Bhd has signed two production sharing contracts with Petronas for the development and production of oil and gas resources in Terengganu and Sarawak. | Business Venture |
| 17 Jan, 2023 | G3 Global Bhd | Proposed a cash call to raise up to RM18.29 million by placing out up to 870.83 million new shares or 30% of its share capital. The group wants to amend its utilisation plan for gross proceeds raised from the previous private placement, the bulk of which was originally earmarked for the group's diversification into the healthcare business, including the distribution of Covid-19 test kits. | Cash Call |
| 17 Jan, 2023 | Binasat Communications Bhd | Secured an RM18.36 million subcontract work to build a large scale solar photovoltaic facility in Selangor for Fabulous Sunview Sdn Bhd, a wholly-owned unit of newly-listed Sunview Group Bhd. | Contract Awarded |
| 17 Jan, 2023 | Econframe Bhd | Plans to expand its operations into the business of aluminium glazing, glass products and facade systems by acquiring a 65% equity interest in Lee & Yong Aluminium Sdn Bhd for RM17.2 million. The company also proposed to fully acquire the factory complex of Lee & Yong from Trans United Sdn Bhd for RM1 million. | Merger & Acquisition |
| 16 Jan, 2023 | Binasat Communications Bhd | 51%-owned subsidiary Borderless Connection Sdn Bhd has bagged two subcontracts worth RM16.31 million to undertake underground cable-related works in Penang. The subcontracts were awarded by Binalite Electrical Engineering Sdn Bhd. | Contract Awarded |
| 16 Jan, 2023 | Suria Capital Holdings Bhd | Plan to enter into a strategic collaboration with DP World. The key areas of the collaboration are the management and operation of Sapangar Bay Container Port as well as investment of logistics and supply chain infrastructure in Sabah. | Operation Updates |
| 16 Jan, 2023 | PLS Plantations Bhd | PLS Plantations Bhd and Japan’s Millennium Agriculture Technology Sdn Bhd (MAT) and MyFarm Inc have signed a Heads of Agreement to negotiate further the launch of large-scale durian cultivation in Malaysia, under a joint venture (JV) vehicle valued at RM371 million. PLS LESB, a 51%-owned subsidiary of PLS Plantations Bhd, will be the majority stakeholder in the joint-venture vehicle, with a 51% stake, while MAT is set to invest up to 49% equity interest in the company for RM181.8 million. | Expansion Plan |
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