Corporate Updates - Bursa Malaysia

2026-06-27
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
26 Jun, 2026 Tenaga Nasional Bhd Tenaga Nasional Berhad and Universiti Malaya entered into a 20-year cooling energy supply agreement under which TNB Engineering Corp Sdn. Bhd. will modernise the cooling infrastructure at UM’s Wisma R&D facility by supplying cooling energy from its district cooling system plant in Jalan Pantai Baharu. The project is expected to reduce cooling-related costs by approximately 30%, equivalent to RM7.59 million over the concession period, while improving energy efficiency, reliability and operational performance, with potential expansion to other facilities across the UM campus and Universiti Malaya Medical Centre. ELECTRICITY Operation Updates
26 Jun, 2026 YTL Power International Bhd YTL Power International Bhd is expanding its Johor data centre campus in Kulai to 1.2GW from 600MW, backed by strong colocation demand and faster execution timelines, with 298MW of contracted capacity already secured and about 70% delivered to customers. The development spans 663.68 hectares with integrated renewable infrastructure, including a planned 600MW on-site solar farm under SIPP Power Sdn Bhd, while additional capacity build-out includes 500MW committed by end-2027, further 200MW under construction, and discussions with Tenaga Nasional Bhd for an additional 600MW electricity supply alongside a broader 2.4GW pipeline across Malaysia and overseas markets. GAS, WATER & MULTI-UTILITIES Expansion Plan
26 Jun, 2026 Malayan Banking Bhd Malayan Banking Berhad and Evooq AG enter a strategic partnership to deploy the Advisor Assist AI-powered wealth advisory platform across Maybank’s regional wealth management franchise, enhancing portfolio analytics, risk insights, and next-best-action recommendations for relationship managers. The Swiss wealth technology platform will be integrated to provide a unified client portfolio and investment insight system across key Southeast Asian markets, supporting Maybank’s wealth transformation initiatives. BANKING Operation Updates
26 Jun, 2026 PEOPLElogy Berhad PEOPLElogy Berhad entered into a share sale agreement to dispose of its entire 30% equity interest in Fish Camp Learning Sdn. Bhd. to Theophilus Wong Ming Ming, the company's CEO and 60% shareholder, for RM500,000 cash, with completion expected within 30 days of the agreement date and by July 2026. The proceeds will be used for working capital, while the disposal is expected to result in an estimated loss on disposal of RM451,000 based on the investment's carrying value as at Dec. 31, 2025. CONSUMER SERVICES Disposal
26 Jun, 2026 Radio Televisyen Malaysia (RTM) Astro Malaysia Holdings Berhad and Radio Televisyen Malaysia expanded their content distribution partnership, with RTM's TV1, TV2 and TV Okey channels remaining on Astro's platform beyond Jul. 1, while RTM News, Sukan+ and RTM's radio network will be added in the near future. The collaboration also covers broader cooperation in local content production and talent development, extending RTM's distribution across Astro, NJOI and Sooka platforms, although commercial terms were not disclosed. MEDIA Operation Updates
26 Jun, 2026 Econpile Holdings Bhd Econpile Holdings Berhad secured a RM48.8 million piling and foundation contract from Vestland Infra Sdn. Bhd., a wholly owned subsidiary of Vestland Berhad, for a 74-storey serviced apartment development at Jalan Pavilion, Kuala Lumpur. The 16-month contract will commence on Jul. 7, 2026 and target completion by November 2027, increasing the group's FY2026 contract wins to RM404 million and its outstanding order book to over RM500 million, providing earnings visibility through FY2028. CONSTRUCTION Contract Awarded
26 Jun, 2026 Vestland Bhd Vestland Berhad secured a RM135 million construction contract from Golden Armani Sdn. Bhd. for the design, construction and commissioning of the superstructure for a nine-storey factory and related facilities under an industrial development in Bukit Raja, Klang. The project is scheduled for completion within 36 months from the commencement date to be notified later. CONSTRUCTION Contract Awarded
26 Jun, 2026 GIIB Holdings Bhd GIIB Holdings Berhad, through its wholly owned subsidiary GIIB Project Management & Capital Sdn. Bhd., signed a memorandum of understanding with Tricrest Foodie Trading Sdn. Bhd. to explore subscribing for new shares in the company, the exclusive Malaysian distributor of Wonlucky traditional Chinese medicine and food products. The parties expect to execute a conditional share subscription agreement within 90 days, with the proposed investment aimed at expanding into the healthcare sector and remaining subject to board, regulatory and, where applicable, shareholder approvals. AUTO PARTS Business Venture
26 Jun, 2026 Jentayu Sustainables Bhd Jentayu Sustainables Berhad is exiting the healthcare segment through the disposal of its entire stake in Ultimate Forte Sdn Bhd, which operates the 30-bed Ohana Specialist Hospital in Kuala Lumpur, to Lourdes Medical Centre for RM1.75 million. The transaction includes assumption of RM1.18 million in liabilities up to Apr. 20, 2026 and is expected to generate a RM2.37 million gain after accounting for net liabilities, following a prior acquisition of the hospital in Feb. 2022 for RM18 million and amid ongoing repositioning toward its renewable energy business. INDUSTRIAL SERVICES Disposal
26 Jun, 2026 Systech Bhd Systech Berhad proposes a name change to WTS Capital Berhad alongside a RM40 million share capital reduction to offset accumulated losses, with group accumulated losses of RM36.78 million as at end-March 2026. The capital reduction will cancel part of share capital without cash payout or changes to issued shares, reducing share capital from RM159.73 million to RM119.36 million while maintaining 706.89 million shares, subject to shareholder approval and targeted for completion in Q4 2026. SOFTWARE Restructuring