Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2025-04-30
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 29 Apr, 2025 | Mudajaya Group Bhd | Mudajaya reported that its Indian unit, RKM Powergen Ltd, was raided by Indian authorities in February over suspected fraud. The investigation, led by the Central Bureau of Investigation and Enforcement Directorate, is related to the alleged illegal acquisition of a coal block in Chhattisgarh back in 2008. Raids took place at RKM’s office in Chennai, the CEO’s home, and six linked companies. The case also involves suspicious transactions between Mudajaya’s subsidiaries and RKM. Mudajaya owns 19.24% of RKM. | Others |
| 29 Apr, 2025 | Propel Global Bhd | Subscribed to 23.46 million shares or a 6.5% stake in a private placement by Reservoir Link Energy Bhd. Propel Global paid a total of RM7.39 million, or 31.5 sen per share, for the placement shares. | Merger & Acquisition |
| 29 Apr, 2025 | Fraser & Neave Holdings Bhd | F&N expects its dairy farming venture to break even within three to five years. Milking operations from its integrated farm in Gemas, Negeri Sembilan, will begin in June 2025 with 2,500 cows, expected to produce 29 million litres of milk annually. The company plans to introduce locally produced milk under the Magnolia brand to reduce import reliance and boost domestic supply. The first phase targets 10,000 milking cows, with break-even possible before expanding to a 20,000-cow herd. | Operation Updates |
| 29 Apr, 2025 | MY E.G. Services Berhad | MIMOS Berhad and MY E.G. Services Berhad have launched the Malaysia Blockchain Infrastructure (MBI) to boost the country’s digital economy and support the Government's blockchain goals. MBI is a neutral, trusted platform that allows businesses and developers to build blockchain applications for areas like digital identity, NFTs, DeFi, and supply chains. It uses MYEG’s Zetrix blockchain and works with other public and private chains, making blockchain easier to use even for non-technical users. Companies like Masverse and Heitech Padu are already using MBI for real-world solutions. The platform aims to unify Malaysia’s blockchain systems, promote innovation, attract talent and investment, and make blockchain accessible to all Malaysians, supporting the nation's vision of a strong, inclusive digital future. | Operation Updates |
| 29 Apr, 2025 | IHH Healthcare Bhd | Secured its first sustainability-linked loan worth S$300 million (approximately RM993.16 million) from Singapore-based United Overseas Bank (UOB). | Cash Call |
| 29 Apr, 2025 | Sime Darby Property Bhd | Raised RM800 million in its third sukuk (Islamic bond) sale under a RM4.5 billion programme at a record-low cost. It offers profit rates averaging 4.02% per year with tenors, or loan periods, of seven to 15 years. | Cash Call |
| 29 Apr, 2025 | S P Setia Bhd | Lodged the necessary documents with the Securities Commission Malaysia (SC) to set up sukuk wakalah and Islamic commercial paper (ICP) programmes with a combined limit of up to RM4 billion. | Cash Call |
| 29 Apr, 2025 | Southern Score Builders Bhd | 51%-owned unit SJEE Engineering Sdn Bhd has secured a RM51.38 million mechanical and electrical job from Gamuda Engineering Sdn Bhd for a data centre project. The job involves constructing and completing power cabling works from the IT USS to the data centre hall. The project will begin on July 1, 2025, and is scheduled for completion by Aug 24, 2026. | Contract Awarded |
| 28 Apr, 2025 | Aizo Group Bhd | A 63%-owned subsidiary, Wawasan Demi Sdn Bhd, has signed a power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) to develop a 99.99MWac large-scale solar project in Kampar, Perak. | Business Venture |
| 28 Apr, 2025 | Catcha Digital Bhd | The company has proposed a rights issue to raise funds for acquisitions and other needs. Shareholders will get one new share for every four shares they own, plus two free warrants for each rights share subscribed. Up to 90.12 million rights shares and 180.24 million warrants will be issued, with prices to be set later. Based on an indicative price of 28 sen per share, the company expects to raise between RM11.51 million and RM25.23 million. The funds will be used to partly finance the purchase of stakes in Drive 2 Digital, Theta Service Partner, Framemotion Studio, DS Services, future acquisitions, working capital, and related expenses. | Cash Call |
You have 9 free insights left!
Login/Register to access unlimited insights.