Corporate Updates - Bursa Malaysia

2026-05-29
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
28 May, 2026 Mudajaya Group Bhd Mudajaya Group Bhd’s indirect subsidiary Xelmont Ltd proposes to dispose of a 45% stake in China-based cement manufacturer Real Jade Limited to major shareholder Minyi Holdings Limited for HK$234 million (RM118.45 million) as part of a debt settlement exercise. The related-party transaction will mainly offset outstanding debt owed by Mudajaya and its subsidiaries amounting to HK$244.97 million (RM124 million), while allowing the group to reduce financing costs and retain a 55% controlling stake in Real Jade. CONSTRUCTION Disposal
28 May, 2026 CCK Consolidated Holdings Bhd A fire broke out at the manufacturing facility of its 60%-owned Indonesian subsidiary PT Adilmart in Banten, Indonesia, temporarily suspending operations at the plant. The extent of the damage and financial impact are still being assessed by authorities and insurers, with no fatalities or injuries reported from the incident. FOOD & BEVERAGES Others
28 May, 2026 Eversendai Corporation Bhd Eversendai Corp Bhd secured four engineering and construction contracts worth a combined RM400 million across Singapore and India, including projects under the Toa Payoh Integrated Development in Singapore and multiple high-rise developments in Amaravati and Mumbai, India. The new wins strengthen the group’s order book following the termination of its Saudi Arabia Trojena Ski Village contract, with Eversendai reporting an outstanding order book of RM2.02 billion as at end-March. CONSTRUCTION Contract Awarded
28 May, 2026 Pharmaniaga Bhd Pharmaniaga Bhd secured a three-year RM281.7 million contract through its wholly owned subsidiary Pharmaniaga Lifescience Sdn Bhd to supply human insulin to government hospitals under the Ministry of Health’s procurement programme. The group expects to progressively localise production at its Puchong facility, targeting annual capacity of 25 million insulin cartridges by early 2028, with the contract projected to contribute about RM8 million in profit before tax this year and RM17 million next year. PHARMACEUTICALS Contract Awarded
28 May, 2026 Supermax Corp Bhd Supermax Corporation Bhd’s associate company Supermax Brasil Importadora S/A will invest about 250 million Brazilian real (approximately US$50 million or RM195 million) to establish a medical glove manufacturing facility in Paraná, Brazil, as part of the group’s expansion into the Latin American and Mercosur markets. The project will be implemented in two phases, with an initial 150 million Brazilian real investment funded internally HEALTH CARE EQUIPMENT & SERVICES Expansion Plan
26 May, 2026 Ally Logistic Property Co. Ltd. ALLY Logistic Property (M) Sdn Bhd will invest RM500 million to develop Omega 2 Shah Alam, Malaysia’s first developer-built multi-storey automated cold chain facility, on a 9-acre site in Shah Alam, Selangor, with completion targeted for the second quarter of 2028. The facility will feature about 577,000 sq ft of built-up space with more than 30,000 pallet positions and multi-temperature storage zones to support the food and beverage, pharmaceutical, retail and e-commerce sectors. TRANSPORTATION & LOGISTICS SERVICES Expansion Plan
26 May, 2026 Yantai Yatong Precision Mechanical Corporation Yantai Yatong Precision Mechanical Corporation plans to invest RM160 million to establish its first overseas factory at the Tanjong Malim Hi-Tech Park in Perak, Malaysia, expanding its automotive component manufacturing operations. The investment follows discussions during the Perak state government’s investment mission to China and is expected to support the growth of Malaysia’s automotive industry and regional manufacturing ecosystem. AUTO PARTS Expansion Plan
26 May, 2026 Amtel Holdings Bhd Amtel Holdings Bhd’s wholly owned subsidiary Amtel Cellular Sdn Bhd is acquiring an 8.094-hectare agricultural land parcel in Muallim, Perak for RM23 million cash from Kat Ventures Sdn Bhd, a company linked to group chief executive officer Chester Koid Siang Loong, to develop a factory for its motor vehicle manufacturing and assembly business. Separately, Amtel entered into a subscription agreement with Koid for 45 million new shares at 33 sen each to raise RM14.85 million for working capital and debt repayment, with both proposals expected to be completed in the first half of 2027. TELECOMMUNICATIONS EQUIPMENT Expansion Plan
25 May, 2026 Censof Holdings Bhd Censof Holdings Bhd’s subsidiary Century Software (Malaysia) Sdn Bhd has secured two contracts from the Inland Revenue Board worth a combined RM19.9 million for the development, enhancement and maintenance of tax-related systems. The contracts include RM8.7 million for works on the Hasil International Data Exchange Facility system and RM11.2 million for upgrades to the Hasil Financial Integrated System, with both projects running from June 1, 2026 to 2029. SOFTWARE Contract Awarded
25 May, 2026 Gamuda Bhd Gamuda Bhd’s proposed 200MW Weasel Solar Farm and 341MW Cellars Hill Wind Farm projects in Tasmania have been selected under Australia’s Capacity Investment Scheme, providing government-backed revenue support for up to 15 years to reduce investment risk. The renewable energy projects, developed by Gamuda Renewable Pty Ltd with Alternate Path and local landowners, are expected to begin construction in 2027 and 2028 respectively, and form part of a broader portfolio exceeding 600MW of renewable generation capacity in Central Tasmania. CONSTRUCTION Contract Awarded