Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2025-08-20
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Event Details | Sector | Event Summary |
|---|---|---|---|---|
| 20 Aug, 2025 | SD Guthrie Bhd | SD Guthrie Bhd and Gamuda Bhd have teamed up to develop up to 1.2GW of solar energy assets, including storage systems, by leveraging SD Guthrie’s under-utilised land nationwide. In the first phase, both companies will identify suitable sites for development, with plans to own and operate the assets. The partnership targets growing demand from industrial users and data centres seeking renewable energy to meet sustainability goals. SD Guthrie, already building a 15MW solar plant in Kedah under the Corporate Green Power Programme, views renewable energy as a new growth pillar to boost land value and generate recurring income. | PLANTATION | Business Venture |
| 19 Aug, 2025 | LBS Bina Group Bhd | LBS Bina Group Bhd and KLM Land Sdn Bhd have launched Phase 3 of the Alam Perdana Industrial Park in Puncak Alam, Selangor, with a gross development value of RM1.08 billion. The first two phases, comprising 212 units, have achieved a 73% take-up rate since their April 2024 launch. Phase 3 offers 19 build-to-suit industrial units with built-ups ranging from 14,114 to 73,437 sq ft and land sizes of 0.6 to 2.4 acres, priced from RM11.3 million. Features include 12m ceiling heights, floor loading capacity of three tonnes per sq m, and flexible layouts for logistics and storage needs. | PROPERTY | Operation Updates |
| 18 Aug, 2025 | Maxis Bhd | Maxis Bhd has partnered with China Mobile International to launch CMLink, an MVNO brand offering China-Malaysia mobile data sharing and multi-number SIMs on Maxis’ 4G and 5G networks, targeting students and professionals travelling between the two countries. | TELECOMMUNICATIONS SERVICE PROVIDERS | Operation Updates |
| 15 Aug, 2025 | Turiya Bhd | Turiya Bhd plans to buy the 12-storey Wisma Sentral Inai in Kuala Lumpur for RM135m via its unit Turiya Properties Sdn Bhd. The deal will be funded through a cash injection from executive chairman Datuk Seri Shamir Kumar Nandy, who will subscribe to 135m redeemable preference shares at RM1 each. | SEMICONDUCTORS | Merger & Acquisition |
| 15 Aug, 2025 | ECM Libra Group Bhd | ECM Libra Group Bhd is selling an 11-storey, 258-room hotel in George Town, Penang, with adjoining freehold land for RM51.89m cash. Its unit ECML Hotels signed a conditional sale deal with Wealthpro Holdings. Proceeds will be used for new projects (RM32.29m), loan repayments (RM10m), working capital (RM5.3m), and related costs (RM4.3m). | OTHER FINANCIALS | Disposal |
| 15 Aug, 2025 | CelcomDigi Bhd | CelcomDigi, Maxis and YTL Power have each injected an additional RM116.67 million into Digital Nasional Bhd (DNB) to support its operations and working capital, following U Mobile’s exit as a shareholder. This raises each of their total investments in DNB to RM350.03 million. They now each hold 19.44% stakes, while MOF Inc remains the largest shareholder with 41.67% and RM750.3 million invested, partly from a government loan. | TELECOMMUNICATIONS SERVICE PROVIDERS | Operation Updates |
| 15 Aug, 2025 | IJM Corporation Bhd | IJM Corporation, through its unit IJM Construction, has secured a RM1.4 billion contract to build a six-storey data centre with office and recycling facilities in Johor Bahru, its largest such project to date. The deal boosts IJM’s order book to RM9.2 billion from RM7.6 billion as at March 2025. Spanning 62,000 sq m, the project will use a pre-cast system with steel structures for M&E installations and is scheduled for completion in September 2026 under a 13-month fast-track timeline. | CONSTRUCTION | Contract Awarded |
| 15 Aug, 2025 | Lim Seong Hai Capital Bhd | Operations at the Kuala Lumpur Tower will continue without interruption, despite the appeal filed by its former operator Menara Kuala Lumpur Sdn Bhd, and its parent Hydroshoppe Sdn Bhd, against the High Court ruling. | CONSTRUCTION | Operation Updates |
| 15 Aug, 2025 | Genting Malaysia Bhd | Genting Malaysia Bhd is launching a RM2.2 billion restructuring involving an asset sale, land purchase and bond repayment. Its unit Empire Resorts will sell non-casino assets — including hotels, golf course, event venue and restaurants — to a local development body (SCRFLDC) which will run them as public assets. Empire will then lease back and manage them until 2066. Proceeds will be used to redeem US$300m (RM1.3b) bonds and buy 1,554.6 acres of land from US-listed EPR Properties for RM848.1m, leaving Empire debt-free and giving it full ownership of Resorts World Catskills’ site and surrounding land. The move will cut financing costs, boost assets, and add RM42.1 million cash. | TRAVEL, LEISURE & HOSPITALITY | Restructuring |
| 14 Aug, 2025 | Chin Hin Group Property Bhd | Divest its commercial vehicle and bodyworks operations by selling its entire stakes in four subsidiaries — Boon Koon Vehicles Industries Sdn Bhd, BKCV Sdn Bhd, Boon Koon Fleet Management Sdn Bhd, and BK Fleet Management Sdn Bhd — to N&K Resources (M) Sdn Bhd for RM74 million. | PROPERTY | Disposal |
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