Corporate Updates - Bursa Malaysia

2026-07-25
Category: Corporate Updates
Frequency: Daily

Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.

Explanation of the corporate events: User Manual

Date Company Event Details Sector Event Summary
24 Jul, 2026 Cyberjaya Education Group Bhd Cyberjaya Education Group Berhad proposed a RM235 million share capital reduction to eliminate accumulated losses, resulting in positive reserves of RM121.6 million at the group level and RM5.12 million at the company level. Subject to shareholder and High Court approval, the exercise is expected to be completed by 4Q2026 and will reduce issued share capital from RM415.3 million to RM180.3 million under the minimum scenario. Consumer Services Restructuring
24 Jul, 2026 Lagenda Properties Bhd Lagenda Properties Berhad proposed a perpetual sukuk wakalah programme of up to RM1.5 billion to finance investments, land acquisitions including affordable housing developments, working capital and the refinancing of existing borrowings. Each issuance will have a minimum one-year tenure, with the first issuance expected within 90 business days of the programme’s lodgement with the Securities Commission Malaysia. Property Fund Raising
23 Jul, 2026 YNH Property Bhd YNH Property Berhad deferred RM34.41 million in coupon payments on RM350 million of perpetual securities, comprising RM7.87 million postponed to January 29, 2027 and RM26.54 million postponed to February 8, 2027, with additional coupons and compounding interest continuing to accrue. The group plans to redeem the securities and settle outstanding coupons using RM375 million from the cash proceeds of its proposed RM455 million disposal of Jalan Sultan Ismail land, while preserving working capital for Solasta Dutamas and its Seri Manjung township developments. Property Others
23 Jul, 2026 Zecon Bhd Zecon Berhad, through wholly owned Zecon Renewables Sdn Bhd, secured a RM328 million engineering, procurement, construction and commissioning contract from Zecon Renewables (Sarawak) Sdn Bhd to develop a 100MWac agrivoltaics solar photovoltaic facility at Kota Petra Green Technology Park in Sarawak. The project includes grid facilities, a proposed 130-metre bridge and supporting infrastructure, with commercial operations targeted by December 31, 2027 under a 30-year power purchase agreement with Syarikat Sesco Berhad; a further 300MWac of licensed solar capacity is planned for the park. Construction Contract Awarded
23 Jul, 2026 Kerjaya Prospek Group Bhd Kerjaya Prospek Group Berhad, through wholly owned Kerjaya Prospek (M) Sdn Bhd, secured a RM52.5 million subcontract for civil, structural and basic low-voltage mechanical and electrical works on a new 275kV consumer landing station serving a Klang Valley data centre. The project runs from July 23, 2026 to January 9, 2027, adding to the group’s RM5 billion outstanding order book as at June 23, 2026. Construction Contract Awarded
23 Jul, 2026 Malaysia Building Society Bhd (MBSB) Bhd MBSB Berhad completed the divestment of MIDF Amanah Asset Management Berhad to Tortoise Works Sdn Bhd, an entity effectively controlled by the asset manager’s chief executive officer Shan Kamahl Mohammad, following regulatory approval on July 9, 2026. The undisclosed-value transaction supports MBSB’s focus on core banking operations and is not expected to materially affect the group financially; MIDF Amanah recorded a RM9.32 million net loss on RM1.78 million revenue in FY2024. Other Financials Disposal
23 Jul, 2026 Techna-X Bhd Techna-X Berhad entered into a joint venture with K.L. Post Sdn Bhd to establish a Malaysian special-purpose vehicle within 30 days to undertake an undisclosed project, with Techna-X holding 51% and K.L. Post holding 49%. Profits and losses will be shared according to their respective ownership interests, while project funding may comprise internally generated funds, bank borrowings and financing from potential partners or investors. Digital Services Operation Updates
22 Jul, 2026 Mah Sing Group Bhd Mah Sing Group Berhad received shareholder approval to acquire 419.17 acres of freehold land from Kuala Lumpur Kepong Berhad’s Aura Muhibah Sdn Bhd for MS Industrial Park @ Kulai, a RM2.26 billion GDV development within the Johor-Singapore Special Economic Zone. The five-phase industrial park will target high-tech manufacturers, with its first ready-built factories launching in 4Q2026 and full development expected over six to eight years, as the group targets industrial projects to contribute 20%–30% of future sales. The MS Industrial Park @ Kulai will focus on housing high-tech manufacturing players including electrical and electronics (E&E), food and beverage, maintenance repair and overhaul (MRO), semiconductor, pharmaceutical and artificial intelligence (AI)-related sectors. Property Operation Updates
22 Jul, 2026 Velesto Energy Bhd Velesto Energy Berhad, through wholly owned Velesto Drilling Sdn Bhd, secured a US$51 million (RM208.4 million) contract from Hess Exploration and Production Malaysia B.V. to provide integrated rig, drilling and completion services for Chevron Malaysia’s 2026–2028 North Malay Basin development campaign. The project will deploy the Naga 8 drilling rig and is scheduled to commence in August 2026. Energy Infrastructure, Equipment & Services Contract Awarded
22 Jul, 2026 GDB Holdings Bhd GDB Holdings Berhad, through wholly owned Grand Dynamic Builders Sdn Bhd, secured a RM439.4 million contract from Magma Kiara Sdn Bhd to construct the 60-storey Wolo Hotel & Residences mixed-use tower in Mont Kiara, Kuala Lumpur. Comprising serviced apartments, suites, hotel rooms and retail space, construction is scheduled to run from August 2026 to December 2030. Construction Contract Awarded