Corporate Updates - Bursa Malaysia

2026-02-20
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
13 Feb, 2026 Wawasan Dengkil Holdings Bhd Wawasan Dengkil Holdings Bhd has secured a RM24.8 million subcontract for external works at a hyperscale data centre project in Puncak Alam, Selangor. The contract was awarded to its wholly owned unit Wawasan Dengkil Sdn Bhd by Gamuda Bhd’s subsidiary Gamuda Engineering Sdn Bhd. The scope covers road and landscape works for SGW1A and 2A (Shell and Core) at Eco Business Park V. Works will begin May 15, with phased completions running from December 2026 to September 2027. CONSTRUCTION Contract Awarded
16 Jan, 2026 Permodalan Nasional Bhd (PNB) Permodalan Nasional Bhd has raised US$300 million through its first secured exchangeable sukuk to fund investments in US dollar–denominated investment-grade global sukuk assets. The five-year sukuk is exchangeable into shares of Gamuda Bhd and was issued via Labuan-incorporated special purpose vehicle Lunas Capital II Ltd, with a profit rate and yield of 0% and an exchange premium of 10%, resulting in no periodic cash distributions to investors. The transaction leverages PNB’s domestic equity holdings to support portfolio diversification and manage foreign exchange exposure, with CIMB and JPMorgan acting as joint bookrunners and joint lead managers. SOVEREIGN WEALTH FUND Fund Raising
26 Dec, 2025 TRC Synergy Bhd TRC Synergy Bhd has secured a RM550.8 million contract through its wholly owned subsidiary Trans Resources Corp Sdn Bhd from SRS Consortium Sdn Bhd, a joint venture led by Gamuda Bhd, for works under the Penang Light Rail Transit (LRT) Mutiara Line project, involving the CMC1 sub-package covering construction and completion of viaduct guideways and stations, segmental bridge girder launching, post-tensioning and grouting, and other associated works. CONSTRUCTION Contract Awarded
19 Dec, 2025 Leader Energy Group Bhd The Energy Commission awarded four grid-connected battery energy storage system (BESS) projects of 100MW (400MWh) capacity under the MyBeST programme, scheduled for commissioning in 2027. The winning bidders are ERS Energy Sdn Bhd (30% owned by Gamuda), a consortium of ERS and Gamuda, a consortium of BLE C&I Projects 2 Pte Ltd and Universal Peak Sdn Bhd, and Leader Energy Group Bhd. Each bidder proposed a different battery technology supplier to allow assessment of performance and operational suitability under Peninsular Malaysia’s distinct grid and climatic conditions. GAS, WATER & MULTI-UTILITIES Contract Awarded
18 Dec, 2025 Gamuda Bhd DT Infrastructure Pty Ltd, a wholly owned Australian subsidiary of Gamuda Berhad, was awarded the Balance of Plant contract for the Carmody’s Hill Wind Farm project in the mid-north region of South Australia by Georgetown Hills Renewable Energy on 18 December 2025, under a contract valued at A$265 million with a duration of 28 months, covering civil and infrastructure works including turbine foundations, internal access roads, drainage and erosion controls, crane hardstands, laydown areas, earthworks, underground cable trenching and installation, site preparation, and logistics coordination to support turbine delivery and erection, with works scheduled to commence in early 2026. CONSTRUCTION Contract Awarded
18 Dec, 2025 Gamuda Bhd Gamuda Engineering Pty Ltd, a wholly owned Australian sub-subsidiary of Gamuda Berhad, was awarded the Sydney Metro West – Stations Package West contract by Sydney Metro on 18 December 2025, under a design-and-construct arrangement with a contract sum of A$2.7 billion, covering the design and construction of five metro stations at Westmead, North Strathfield, Burwood North, Five Dock and The Bays, including station structures, entrances, fit-out, transport integration and public domain works, with planning and detailed design starting in January 2026, major construction expected in late 2026 or early 2027, and project completion targeted for May 2031. CONSTRUCTION Contract Awarded
17 Dec, 2025 Gamuda Bhd Gamuda Bhd’s 50:50 joint venture with Samsung C&T Corporation secured a RM2.7 billion contract for the Marinus Link undersea cable project in Australia, covering civil, structural, and electrical infrastructure, with completion expected within five years. Gamuda’s share of the revenue is A$497 million (RM1.34 billion), with on-site works slated to begin in early 2026. Marinus Link will connect northwest Tasmania to Victoria’s Latrobe Valley via 255 km of subsea cables and 90 km of underground cables, carrying 1,500 MW of high-voltage direct current along with fibre-optic and other communications infrastructure. The project is jointly owned by the Commonwealth of Australia and the Victorian and Tasmanian governments. CONSTRUCTION Contract Awarded
12 Dec, 2025 AWC Bhd AWC Bhd has secured a RM42.3 million subcontract from Gamuda Engineering Sdn Bhd for mechanical works at a hyperscale data centre development at Eco Business Park V in Puncak Alam, Selangor, with the contract awarded to its wholly owned subsidiary Qudotech Sdn Bhd for the supply and installation of cold water, rainwater harvesting and sanitary systems covering two facilities, where construction is scheduled to begin on Dec 8, 2025, Facility 1 is expected to be completed by Feb 28, 2027, and Facility 2 by Sept 1, 2027. INDUSTRIAL SERVICES Contract Awarded
20 Nov, 2025 Pekat Group Bhd Pekat Group Bhd’s wholly-owned subsidiary, Pekat E & LP Sdn Bhd, secured a RM33.8 million subcontract from Gamuda Engineering Sdn Bhd for earthing and lightning protection works at a hyperscale data centre in Eco Business Park V, Puncak Alam, Selangor. The contract covers construction, testing, commissioning, and operational setup across data halls, mechanical and electrical yards, and the offshore development centre hub, with trade completion for Facility 1 on Dec 16, 2026, and Facility 2 on April 15, 2027, while substantial completion is targeted for Feb 28, 2027, and Sept 1, 2027, respectively. Defects liability periods are 36 months for Facility 1 and 30 months for Facility 2, and Pekat must provide a RM1.69 million performance bond with required insurance, with delay damages capped at RM6.76 million. RENEWABLE ENERGY Contract Awarded
6 Nov, 2025 Gamuda Bhd Gamuda Bhd signed a non-binding memorandum of understanding with Perbadanan Bekalan Air Pulau Pinang to explore the supply and sale of excess treated water from its proposed Perak plant, targeting a formal agreement within six months and potential supply by Q1 2031. The 40-year supply arrangement is part of the RM5 billion Northern Perak Water Supply Scheme, which aims to address water shortages in northern Perak for irrigation, domestic, and industrial use, and support the Kerian Green Industrial Park. The project will provide Penang with a long-term, diversified water source at an affordable rate and generate a new revenue stream for Perak. CONSTRUCTION Operation Updates