Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2024-10-15
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
Date | Company | Major Action | Recent Events |
---|---|---|---|
15 Oct, 2024 | Malayan Flour Mills Bhd | There will be no second earnout payment from Tyson Foods Inc in relation to the consideration for its 49% equity disposal in Dindings Tyson Group (DTSB) to Tyson Foods. While the initial second earnout consideration was set at RM140 million, adjustments were made to the consideration following the shortfall of DTSB’s FY2023 earnings before interest, taxes, depreciation and amortisation (Ebitda) and cash position from the targeted amount. | Others |
15 Oct, 2024 | PLB Engineering Bhd | Proposed to sell its 60% stake in a solar energy firm for RM19.8 million cash to help repay its bank borrowings. The purchaser of the 60% stake, Koperasi Sahabat Amanah Ikhtiar Malaysia Bhd, is also buying the other 40% stake in PLB Green Solar from waste management and renewable energy firm Greenviro Solutions Sdn Bhd for RM13.2 million. | Disposal |
15 Oct, 2024 | Cypark Resources Bhd | Formed a consortium to jointly explore and develop energy solutions for the 186ha German Technology Park in Ayer Keroh, Melaka. Cypark has signed a memorandum of agreement with its largest shareholder, Jakel Capital Sdn Bhd, and Melaka Corporation to manage the planning, generation and distribution of energy for the park, a project that could cost an estimated RM4 billion. Jakel Capital will hold a controlling 51% stake in the consortium, followed by Cypark with 29% and Melaka Corporation with 20%. | Expansion Plan |
15 Oct, 2024 | Perdana Petroleum Bhd | Secured a RM7.3 million contract from RUHM Marine Sdn Bhd for the charter of an anchor handling tug and supply (AHTS) vessel. | Contract Awarded |
14 Oct, 2024 | Ho Hup Construction Company Bhd | 52.5% indirect subsidiary, Golden Wave Sdn Bhd (GWSB), has been served with a winding-up petition by Eko Bina Sdn Bhd over a payment dispute tied to a serviced apartment and retail units project in Kota Kinabalu, Sabah. Eko Bina is a wholly owned subsidiary of Ecobuilt Holdings Bhd. The dispute amount is RM 23.16 million. | Others |
14 Oct, 2024 | Exsim Hospitality Bhd | Secured a RM47.4 million subcontract to provide interior design fit-out works to guest rooms at an office property in Damansara Perdana. Exsim Concepto Sdn Bhd received the letter of award from Discovery Media Sdn Bhd for the subcontract under a project involving the development of 560 office units. | Contract Awarded |
14 Oct, 2024 | Critical Holdings Bhd | Bagged a RM62.5 million contract from IJM Corp Bhd to provide mechanical and electrical services for a semiconductor plant in mainland Penang. | Contract Awarded |
14 Oct, 2024 | Tanco Holdings Bhd | Forming an 80:20 joint venture with Menteri Besar Negeri Sembilan (Inc) (MBINS) to develop an industrial park in Port Dickson. The park, provisionally named the Port Dickson Free Zone (PDFZ), will be developed on 575 acres of land currently owned by SD Guthrie Bhd. | Operation Updates |
14 Oct, 2024 | Genting Malaysia Bhd | Genting Americas Inc, a unit in the US has been named in a complaint filed by RAV Bahamas Ltd in the US District Court Southern District of Florida. RAV Bahamas is seeking damages of more than US$600 million. | Others |
14 Oct, 2024 | UCrest Bhd | Entered into a deal to provide artificial intelligence (AI)-powered digital transformation for Singapore Paincare Holdings Ltd. The deal is valued at over S$1.5 million | Contract Awarded |
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