Corporate Updates - Bursa Malaysia

2025-12-17
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
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
24 Oct, 2025 Gamuda Bhd Gamuda Land has acquired a site at Marshgate Lane in Stratford, London, to develop a 321-bed purpose-built student accommodation (PBSA) worth about RM600 million. Targeted for completion in 2028/29, it will be the group’s first fully owned and managed PBSA in the UK, located near UCL East and the London College of Fashion. The project is part of Gamuda Land’s plan to build up to 3,000 student beds across UK cities within five years, bringing its total PBSA portfolio to 1,232 beds. CONSTRUCTION Business Venture
29 Sep, 2025 Gamuda Bhd Gamuda Bhd’s Singapore unit will lead a consortium that won a S$1.012 billion (RM3.31 billion) tender for a mixed-use project at Chencharu Close, Yishun. The 7.3-acre, 99-year leasehold site will house up to 875 homes, 12,600 sq m of commercial space, plus a bus interchange and hawker centre, with completion targeted in 84 months. CONSTRUCTION Operation Updates
11 Sep, 2025 Gamuda Bhd Gamuda Bhd said a consortium comprising its Singapore subsidiary, Evia MCS Pte Ltd and H108 Pte Ltd has submitted the highest bid of S$1.01 billion (about RM3.33 billion) for a mixed-use commercial and residential site in Singapore. The Housing and Development Board announced the provisional tender result after the tender closed on September 11, 2025. Gamuda will make a further announcement once it receives the letter of acceptance. CONSTRUCTION Operation Updates
9 Sep, 2025 Econpile Holdings Bhd Econpile Holdings was awarded a RM53.99 million subcontract by Gamuda’s unit for the LRT Mutiara Line project in Penang, covering bored piling and related works for the Komtar–East Jelutong stretch, with work starting October 1, 2025 and targeted for completion by April 30, 2027. CONSTRUCTION Contract Awarded
9 Sep, 2025 Gamuda Bhd Gamuda Bhd and Samsung C&T, via their TasVic Greenlink joint venture, were selected as preferred contractor for the final Stage 1 package of the Marinus Link, an undersea and underground interconnector between Tasmania and Victoria, with negotiations ongoing on a contract covering converter stations at Heybridge and Hazelwood and 90km of land cable works across Gippsland. CONSTRUCTION Contract Awarded
5 Sep, 2025 Gamuda Bhd Gamuda Bhd is partnering with Taylor’s Education Group to redevelop a prime site in SS15, Subang Jaya into serviced apartments, purpose-built student accommodation and retail spaces, with the RM500 million project targeted for completion in November 2029. CONSTRUCTION Operation Updates
29 Aug, 2025 Gamuda Bhd Gamuda Bhd’s engineering arm has won a RM2.14 billion contract from Eco World’s unit Quantum Alpha to build hyperscale data centres at Eco Business Park V in Selangor. The project will start in 3Q2025 and is slated for completion by 3Q2027. The scope covers the main structures of two data centre blocks, along with a power substation, water reservoir, and supporting infrastructure and facilities. CONSTRUCTION Contract Awarded