Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2025-09-18
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Event Details | Sector | Event Summary |
|---|---|---|---|---|
| 29 Sep, 2025 | Econpile Holdings Bhd | Econpile won a RM23.46 million job to handle site clearance, earthworks, piling, pile caps, transfer beams, retaining wall and a sub-basement for a proposed apartment in Puchong, Selangor, to be completed in 13 months. | CONSTRUCTION | Contract Awarded |
| 17 Sep, 2025 | HCK Capital Group Bhd | HCK Capital Group has entered into a joint venture with Bongsor Development to develop a RM600 million GDV project in Cheras. Its unit Trilink Essential will design, build, market and sell the development on 6.87 hectares of freehold land, with Bongsor entitled to a portion of proceeds in cash and unit entitlements. Construction is slated to start within two years and complete within five years, with an option for a one-year extension. | PROPERTY | Operation Updates |
| 17 Sep, 2025 | Formosa Prosonic Industries Bhd | Formosa Prosonic Industries group managing director Shih Chao Yuan became the largest shareholder after acquiring a 24.5% stake, or 62.86 million shares, from Taiwan’s Wistron Corp for RM71.66 million at RM1.14 per share. The purchase, done with his wife Wu Swee Ngor and vehicle Formosa Prosonic Holdings, lifts his holdings to a 6.55% direct and 22.9% indirect stake, while Wistron fully exited after 11 years. | HOUSEHOLD GOODS | Others |
| 17 Sep, 2025 | Sunsuria Bhd | Sunsuria proposed an Islamic commercial paper programme of up to RM500 million to issue sukuk wakalah, with total outstanding capped at that amount. The programme, rated MARC-1IS by MARC Ratings, will finance working capital, capital expenditure, borrowings, sukuk refinancing and other shariah-compliant purposes. Hong Leong Investment Bank was appointed as principal adviser, arranger, manager, shariah adviser and facility agent. | PROPERTY | Cash Call |
| 17 Sep, 2025 | Jaya Grocer | Jaya Grocer invested over RM100 million to launch Malaysia’s first fully automated grocery warehouse in Petaling Jaya, Selangor. The new facility will act as a central distribution hub, using smart technology and data tools to speed up store replenishment, ensure fresher products, and cut inefficiencies, while creating higher-skilled tech jobs. The expansion, driven by full capacity at its existing warehouse, also supports government upskilling goals and reflects Selangor’s strong business environment. | RETAILERS | Expansion Plan |
| 17 Sep, 2025 | Zetrix AI Bhd | Zetrix AI partnered Jakim under the Prime Minister’s Department to develop an AI platform for issuing fatwas, halal certification and Shariah advice, while also setting global Islamic AI standards. A letter of intent was signed on September 13 to establish a framework for Shariah compliance, certification and governance in AI. Zetrix’s NurAI model, built in Malaysia on DeepSeek technology and supporting Bahasa Melayu, Indonesian, English and Arabic, is shariah-compliant and aligned with local data sovereignty policies. The initiative aims to position Malaysia as a global hub for Islamic AI and expand its halal leadership into digital sectors such as finance, education and law. | DIGITAL SERVICES | Operation Updates |
| 17 Sep, 2025 | Alpha Ocean Resources Bhd | Alpha Ocean Resources signed an MoU with Penang Port to develop a dedicated tuna landing and processing hub at the Port of Penang. Under the plan, Penang Port will allocate space and assist with permits, while AORSB will fund and operate the facilities. Both parties will form a joint committee to promote Penang as a global tuna hub, attract fleets, and coordinate inspections, with a formal agreement targeted within two years. | AGRICULTURAL PRODUCTS | Expansion Plan |
| 17 Sep, 2025 | MSM Malaysia Holdings Bhd | Felda will hold talks with the Penang government and Railway Assets Corporation on extending the land lease for MSM Malaysia’s Perai sugar refinery, which expires in five years and sits on RAC-owned land slated for redevelopment. | FOOD & BEVERAGES | Operation Updates |
| 17 Sep, 2025 | Resintech Bhd | Resintech Bhd secured a US\$3.93 million (RM16.5 million) contract from Phnom Penh Water Supply Authority to supply HDPE pipes and fittings in Cambodia. The five-month, non-renewable contract is scheduled for completion by February 2026. | BUILDING MATERIALS | Contract Awarded |
| 17 Sep, 2025 | West River Berhad | West River Berhad’s unit Neutron Power signed a term sheet to acquire 70% of Ace Hydropower from G Hydropower for RM850,000 cash. The deal includes staged payments, due diligence within 30 days, and a share sale agreement to be signed within 60 days, subject to approvals and license validity. Upon completion, Ace Hydropower, which operates hydropower schemes in Kinta, Perak, will become a 70%-owned subsidiary. The acquisition is expected to strengthen WRB’s renewable energy presence, enhance its ESG profile, and contribute positively to future earnings. | INDUSTRIAL SERVICES | Merger & Acquisition |
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