Corporate Updates - Bursa Malaysia

2026-07-20
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
20 Jul, 2026 ECM Libra Group Bhd ECM Libra Group Berhad, through its indirect wholly owned subsidiary Desaru Beachfront 2 Sdn Bhd, secured banking facilities from RHB Bank Berhad comprising a term loan of up to RM120 million and revolving credit facilities of up to RM10 million. The facilities will part-finance the development of a proposed beachfront hotel on the subsidiary's leasehold commercial land in Desaru and support working capital requirements as part of the group's hospitality expansion strategy. Other Financials Fund Raising
20 Jul, 2026 Sunway Bhd Sunway Berhad, through its 30%-owned joint ventures, secured a 57,460.6 sq m 99-year leasehold land parcel at Bayshore Drive, Singapore for S$2.13 billion (RM6.74 billion) to undertake a mixed-use residential and commercial development. The project has a maximum gross floor area of approximately 149,398 sq m (1.6 million sq ft) and is planned to comprise up to 1,280 residential units and about 242,188 sq ft of commercial space, with earnings contribution to the group expected from the financial year ending 31 December 2029 onwards. Diversified Industrials Operation Updates
20 Jul, 2026 Reservoir Link Energy Bhd Reservoir Link Energy Berhad secured two 10-year licences through its wholly owned subsidiary Reservoir Link Sdn Bhd from the Energy Commission to undertake natural gas shipping and liquefied natural gas (LNG) imports into licensed regasification terminals under Malaysia's third-party access framework. The licences expand the group's presence into the natural gas value chain by enabling LNG imports, gas transportation through regasification terminals and pipeline networks, and customer delivery as part of its diversification into energy infrastructure and gas-related businesses. Energy Infrastructure, Equipment & Services Contract Awarded
20 Jul, 2026 AwanBiru Technology Bhd AwanBiru Technology Berhad secured a 12-month extension of its Cloud Framework Agreement through its subsidiary Awantec Systems Sdn Bhd with the Malaysian Administrative Modernisation and Management Planning Unit (Mampu) and Google Cloud Malaysia Sdn Bhd to continue providing Google Cloud services to the Malaysian government. The extension runs from 1 July 2026 to 30 June 2027, or until the successor Cloud Framework Agreement 2.0 takes effect, with the contract value undisclosed. Digital Services Contract Awarded
20 Jul, 2026 Lim Seong Hai Capital Bhd Lim Seong Hai Capital Berhad has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia after meeting the Securities Commission Malaysia's equity guidelines and Bursa Malaysia's Main Market listing requirements. The company recorded an aggregate profit after tax of RM238.52 million over the latest three financial years, including RM102.08 million in the most recent year, and expects the transfer to be completed by the end of 2026, subject to regulatory approvals. Construction Proposed Listing
20 Jul, 2026 Velesto Energy Bhd Velesto Energy Berhad mutually terminated a four-year drilling contract worth over US$90 million for the Naga 8 jack-up rig after its indirect wholly owned subsidiary Velesto Drilling Sdn Bhd completed three of the 12 committed wells over approximately eight months. The contract was terminated without cause on 7 July 2026, enabling the group to market the rig for new opportunities, with the financial impact expected to be mitigated by the existing US$16.49 million Jadestone Energy contract and potential new drilling contracts. Energy Infrastructure, Equipment & Services Termination
17 Jul, 2026 CPE Technology Bhd CPE Technology Berhad acquired 118 manufacturing machines worth RM34.52 million through its wholly owned subsidiary Champion Precision Technology Sdn Bhd to expand production capacity and improve operational efficiency. The acquisition comprises CNC turning, auto lathe and milling machines sourced from Yamazen (Malaysia) Sdn Bhd, Numac Machinery Sdn Bhd and DMG Mori Co Ltd, and will be funded through a combination of cash, bank financing and initial public offering proceeds to support growing demand, particularly from the semiconductor sector. Industrial Materials, Components & Equipment Expansion Plan
17 Jul, 2026 PTT Synergy Group Bhd PTT Synergy Group Berhad plans to acquire the legal ownership and intellectual property rights of four logistics software systems from China-based vTradEx Information Technology (Shanghai) Co Ltd for US$7.12 million (RM29.1 million) in cash through its indirectly owned subsidiary PTT Robotics Sdn Bhd. The warehouse management, warehouse execution, transportation management and yard management systems will be deployed across 11 countries, with the acquisition expected to complete in the quarter ending 30 September 2026 to strengthen the group's integrated logistics solutions platform and recurring income potential. Property Merger & Acquisition
17 Jul, 2026 PTT Synergy Group Bhd PTT Synergy Group Berhad completed the development of Jabil Inc's Intelligent Logistics Hub at Valdor Industrial Park, Penang through its subsidiary PROTT Sdn Bhd. The approximately 417,000 sq ft facility features 52,300 pallet positions and is equipped with 160 autonomous mobile robots and robotic arms to support advanced electronics and manufacturing supply chains. Property Operation Updates
17 Jul, 2026 Silver Ridge Holdings Bhd Silver Ridge Holdings Berhad secured a RM6.25 million subcontract through its wholly owned subsidiary Ingress Delta Construction Sdn Bhd from Makna Setia Sdn Bhd for brickworks, plastering and skim coat works for Tower A of a mixed-use development at Bandar Kinrara, Selangor. The subcontract covers the supply of materials, construction, installation, testing and commissioning works and is scheduled for completion by 30 April 2027. Telecommunications Equipment Contract Awarded