Corporate Updates - Bursa Malaysia - Insights

Date	Company	Event Details	Sector	Event Summary
6 Dec, 2025	Sunway Bhd	Sunway Group has broken ground on the RM2 billion Seremban Sentral transit-oriented development, a 20.8-acre project expected to generate RM300 million in annual business revenue and 2,500 jobs. Developed with Railway Assets Corporation, it will roll out in two phases: Phase 1 (2026–2030) includes a 250-bed Sunway Seremban Medical Centre, a 1.2 million sq ft mall and a 300,000 sq ft office tower, while Phase 2 (2029–2039) adds 3.2 million sq ft of residential, commercial and community spaces. The federal and state governments see the project as a catalyst for Seremban’s economic transformation, including medical tourism and future demand for MNC backend offices via direct ETS connectivity. The development also incorporates heritage conservation, including upgrades to the historic Seremban Yard and the revitalisation of Heritage Market.	DIVERSIFIED INDUSTRIALS	Expansion Plan
5 Dec, 2025	Quality Concrete Holdings Bhd	Quality Concrete Holdings Bhd has secured a RM294.59 million contract from the Sarawak Rural Water Supply Department to construct and upgrade water supply infrastructure for the Mukah division. The 30-month project is scheduled to start in January 2026.	BUILDING MATERIALS	Contract Awarded
5 Dec, 2025	Ancom Nylex Bhd	Ancom Nylex Bhd plans to sell up to a 50% stake in Maxlive Sdn Bhd to Thai partner TOPNEXT International Company Ltd in a deal worth about RM77 million. The transaction will start with a 25% stake sale for RM38.3 million, followed by another 25% via a call option within five years. Six chemical and terminal-related subsidiaries will be injected into Maxlive as part of an internal restructuring, valuing Maxlive at RM153.82 million. The partnership includes distribution arrangements making Maxlive the preferred distributor of TOPNEXT products in Asia, and vice versa, while Ancom Nylex retains control and consolidates Maxlive in its financials. Proceeds are earmarked for working capital, loan repayments, and general corporate purposes.	CHEMICALS	Disposal
5 Dec, 2025	Eupe Corp Bhd	Eupe Corp Bhd will launch Edgewater, a 95-acre mixed-use development in Sungai Petani, Kedah, in the first half of 2027. The RM700 million project will feature approximately 700 landed residential units, 90 retail units within a 220,000 sq ft retail space, recreational areas, and biodiversity-focused components. Jaya Grocer will be the anchor tenant, occupying 26,000 sq ft and marking its first outlet in Kedah.	PROPERTY	Operation Updates
5 Dec, 2025	S P Setia Bhd	S P Setia Bhd launched Dimina, the fourth and final phase of its Musika Homes series in Setia Alam, Shah Alam, on Nov 25. Dimina spans Phases 4A and 4B on part of the 34.7-acre development, with Phase 4A offering 66 freehold two-storey terrace homes of 2,398–2,420 sq ft priced from RM1,252,000, and Phase 4B planned to add 34 similar units, bringing Dimina’s total gross development value to RM130 million.	PROPERTY	Operation Updates
5 Dec, 2025	Genting Bhd	Genting Bhd is establishing an unrated medium-term notes (MTN) programme of up to RM5 billion, with proceeds from the first series earmarked partly to refinance previous MTNs used for Genting Malaysia Bhd (GENM) takeover financing. Each MTN tranche will have a minimum one-year tenure, with fixed or floating coupons. Funds raised under the programme will also support operating expenses, debt refinancing, investments, capital expenditure, and working capital. Separately, Genting RMTN issued its eighth tranche under a separate RM10 billion MTN programme, raising RM1.35 billion at one-month KLIBOR + 1.80%, also to partially finance the GENM mandatory takeover offer.	TRAVEL, LEISURE & HOSPITALITY	Cash Call
5 Dec, 2025	Geohan Corp Bhd	Geohan Corp Bhd has secured two contracts worth a combined RM59 million from SRS LRT Sdn Bhd for sub-packages BP01 and BP02 of the Penang LRT Mutiara Line project, valued at RM31.2 million and RM27.8 million, respectively. The contracts cover bored piling construction and related works along the line from Pesta to SPICE LRT station, and Gelugor to Pesta, with BP01 scheduled for completion on March 31, 2027, and BP02 on April 30, 2027.	CONSTRUCTION	Contract Awarded
5 Dec, 2025	MISC Bhd	The Court of Appeal ruling reduces the amount that MISC Bhd’s wholly owned subsidiary, Gumusut-Kakap Semi-Floating Production System (L) Ltd (GKL), must pay to Sabah Shell Petroleum Company Ltd (SSPC) from US$330.17 million to US$200 million (RM822.20 million), lowering GKL’s financial obligation in the dispute over the Gumusut-Kakap semi-FPS lease. MISC Bhd’s wholly owned subsidiary, Gumusut-Kakap Semi-Floating Production System (L) Ltd (GKL), is required to pay Sabah Shell Petroleum Company Ltd (SSPC) because of a 2012 agreement under which GKL constructed and leased the Gumusut-Kakap semi-FPS for crude oil production offshore Sabah. Disputes arose over alleged defects, limited functionality, and additional lease payments, leading SSPC to file a counterclaim for rectification costs, liquidated damages, and refunds of overpaid amounts. The Court of Appeal has reduced the payment obligation from US$330.17 million to US$200 million (RM822.20 million), lowering GKL’s financial liability.	TRANSPORTATION & LOGISTICS SERVICES	Others
5 Dec, 2025	Bintai Kinden Corporation Bhd	Bintai Kinden Corporation Bhd has filed a writ of summons and statement of claim at the High Court of Melaka to recover RM9.1 million from Yeo Eng Lam, the vendor of its 2021 acquisition of Johnson Medical International Sdn Bhd, over a profit guarantee tied to the deal. The acquisition, valued at RM50 million, included a profit guarantee up to July 31, 2023, but Johnson Medical reported a loss for the financial year ended March 31, 2023, prompting Bintai Kinden to issue a notice to remedy in September 2023 and a formal notice of demand on July 7, 2025, after two years of unresolved negotiations. The claim seeks the RM9.1 million, 5% annual interest from Oct 25, 2023, costs on a solicitor-and-client basis, and other reliefs deemed fit by the court. Bintai Kinden had previously rescinded agreements that would have discharged the vendor from the profit guarantee, keeping the original terms in force.	INDUSTRIAL ENGINEERING	Others
5 Dec, 2025	Catcha Digital Bhd	Catcha Digital Bhd has completed its RM6.13 million acquisition of Maxoom Sdn Bhd after the share sale agreement became unconditional, making Maxoom — operator of the TechNave consumer technology platform — an indirect wholly-owned subsidiary via iMedia Asia.	MEDIA	Merger & Acquisition

6 Dec, 2025

Sunway Bhd

Sunway Group has broken ground on the RM2 billion Seremban Sentral transit-oriented development, a 20.8-acre project expected to generate RM300 million in annual business revenue and 2,500 jobs. Developed with Railway Assets Corporation, it will roll out in two phases: Phase 1 (2026–2030) includes a 250-bed Sunway Seremban Medical Centre, a 1.2 million sq ft mall and a 300,000 sq ft office tower, while Phase 2 (2029–2039) adds 3.2 million sq ft of residential, commercial and community spaces. The federal and state governments see the project as a catalyst for Seremban’s economic transformation, including medical tourism and future demand for MNC backend offices via direct ETS connectivity. The development also incorporates heritage conservation, including upgrades to the historic Seremban Yard and the revitalisation of Heritage Market.

DIVERSIFIED INDUSTRIALS

Expansion Plan

5 Dec, 2025

Quality Concrete Holdings Bhd

Quality Concrete Holdings Bhd has secured a RM294.59 million contract from the Sarawak Rural Water Supply Department to construct and upgrade water supply infrastructure for the Mukah division. The 30-month project is scheduled to start in January 2026.

BUILDING MATERIALS

Contract Awarded

5 Dec, 2025

Ancom Nylex Bhd

Ancom Nylex Bhd plans to sell up to a 50% stake in Maxlive Sdn Bhd to Thai partner TOPNEXT International Company Ltd in a deal worth about RM77 million. The transaction will start with a 25% stake sale for RM38.3 million, followed by another 25% via a call option within five years. Six chemical and terminal-related subsidiaries will be injected into Maxlive as part of an internal restructuring, valuing Maxlive at RM153.82 million. The partnership includes distribution arrangements making Maxlive the preferred distributor of TOPNEXT products in Asia, and vice versa, while Ancom Nylex retains control and consolidates Maxlive in its financials. Proceeds are earmarked for working capital, loan repayments, and general corporate purposes.

CHEMICALS

Disposal

5 Dec, 2025

Eupe Corp Bhd

Eupe Corp Bhd will launch Edgewater, a 95-acre mixed-use development in Sungai Petani, Kedah, in the first half of 2027. The RM700 million project will feature approximately 700 landed residential units, 90 retail units within a 220,000 sq ft retail space, recreational areas, and biodiversity-focused components. Jaya Grocer will be the anchor tenant, occupying 26,000 sq ft and marking its first outlet in Kedah.

PROPERTY

Operation Updates

5 Dec, 2025

S P Setia Bhd

S P Setia Bhd launched Dimina, the fourth and final phase of its Musika Homes series in Setia Alam, Shah Alam, on Nov 25. Dimina spans Phases 4A and 4B on part of the 34.7-acre development, with Phase 4A offering 66 freehold two-storey terrace homes of 2,398–2,420 sq ft priced from RM1,252,000, and Phase 4B planned to add 34 similar units, bringing Dimina’s total gross development value to RM130 million.

PROPERTY

Operation Updates

5 Dec, 2025

Genting Bhd

Genting Bhd is establishing an unrated medium-term notes (MTN) programme of up to RM5 billion, with proceeds from the first series earmarked partly to refinance previous MTNs used for Genting Malaysia Bhd (GENM) takeover financing. Each MTN tranche will have a minimum one-year tenure, with fixed or floating coupons. Funds raised under the programme will also support operating expenses, debt refinancing, investments, capital expenditure, and working capital. Separately, Genting RMTN issued its eighth tranche under a separate RM10 billion MTN programme, raising RM1.35 billion at one-month KLIBOR + 1.80%, also to partially finance the GENM mandatory takeover offer.

TRAVEL, LEISURE & HOSPITALITY

Cash Call

5 Dec, 2025

Geohan Corp Bhd

Geohan Corp Bhd has secured two contracts worth a combined RM59 million from SRS LRT Sdn Bhd for sub-packages BP01 and BP02 of the Penang LRT Mutiara Line project, valued at RM31.2 million and RM27.8 million, respectively. The contracts cover bored piling construction and related works along the line from Pesta to SPICE LRT station, and Gelugor to Pesta, with BP01 scheduled for completion on March 31, 2027, and BP02 on April 30, 2027.

CONSTRUCTION

Contract Awarded

5 Dec, 2025

MISC Bhd

The Court of Appeal ruling reduces the amount that MISC Bhd’s wholly owned subsidiary, Gumusut-Kakap Semi-Floating Production System (L) Ltd (GKL), must pay to Sabah Shell Petroleum Company Ltd (SSPC) from US$330.17 million to US$200 million (RM822.20 million), lowering GKL’s financial obligation in the dispute over the Gumusut-Kakap semi-FPS lease. MISC Bhd’s wholly owned subsidiary, Gumusut-Kakap Semi-Floating Production System (L) Ltd (GKL), is required to pay Sabah Shell Petroleum Company Ltd (SSPC) because of a 2012 agreement under which GKL constructed and leased the Gumusut-Kakap semi-FPS for crude oil production offshore Sabah. Disputes arose over alleged defects, limited functionality, and additional lease payments, leading SSPC to file a counterclaim for rectification costs, liquidated damages, and refunds of overpaid amounts. The Court of Appeal has reduced the payment obligation from US$330.17 million to US$200 million (RM822.20 million), lowering GKL’s financial liability.

TRANSPORTATION & LOGISTICS SERVICES

Others

5 Dec, 2025

Bintai Kinden Corporation Bhd

Bintai Kinden Corporation Bhd has filed a writ of summons and statement of claim at the High Court of Melaka to recover RM9.1 million from Yeo Eng Lam, the vendor of its 2021 acquisition of Johnson Medical International Sdn Bhd, over a profit guarantee tied to the deal. The acquisition, valued at RM50 million, included a profit guarantee up to July 31, 2023, but Johnson Medical reported a loss for the financial year ended March 31, 2023, prompting Bintai Kinden to issue a notice to remedy in September 2023 and a formal notice of demand on July 7, 2025, after two years of unresolved negotiations. The claim seeks the RM9.1 million, 5% annual interest from Oct 25, 2023, costs on a solicitor-and-client basis, and other reliefs deemed fit by the court. Bintai Kinden had previously rescinded agreements that would have discharged the vendor from the profit guarantee, keeping the original terms in force.

INDUSTRIAL ENGINEERING

Others

5 Dec, 2025

Catcha Digital Bhd

Catcha Digital Bhd has completed its RM6.13 million acquisition of Maxoom Sdn Bhd after the share sale agreement became unconditional, making Maxoom — operator of the TechNave consumer technology platform — an indirect wholly-owned subsidiary via iMedia Asia.

MEDIA

Merger & Acquisition