Corporate Updates - Bursa Malaysia - Insights

Date	Company	Event Details	Sector	Event Summary
15 Jul, 2026	Gamuda Bhd	Gamuda Bhd’s 50:50 joint venture, Khazanah Air Perak Sdn Bhd (KAP), signed a 40-year bulk water supply agreement through its wholly-owned subsidiary Prasarana Air dan Irigasi Perak Sdn Bhd to supply treated water from the Northern Perak Water Supply Scheme to Perbadanan Bekalan Air Pulau Pinang Sdn Bhd, with first delivery targeted in the first quarter of 2032. The agreement provides for an initial supply of 300 million litres per day, an annual capacity charge of approximately RM210 million, and a supply tariff starting at RM1.70 per cubic metre, subject to regulatory approvals, infrastructure completion and other conditions precedent. KAP is a 50:50 joint venture between Gamuda and Perbadanan Kemajuan Negeri Perak (PKNPk), while PBAPP is a wholly-owned subsidiary of PBA Holdings Bhd. Under the agreement, PAIP Perak will act as the treated water supplier and PBAPP as the purchaser.	Construction	Contract Awarded
2 Jul, 2026	Gamuda Bhd	Gamuda Land, the property development arm of Gamuda Berhad, and Taylor’s Assets have commenced development of the RM540 million Haus on 15 mixed-use project in SS15, Subang Jaya, comprising two 31-storey serviced residence towers with 614 units, a purpose-built student accommodation block with 253 units and 401 beds, and an 18-unit retail component. The redevelopment of the former Taylor’s College campus is scheduled for launch in September 2026 and targeted for phased completion by 2029, with Taylor’s Assets retaining ownership of the student accommodation.	Construction	Operation Updates
10 Jun, 2026	Gamuda Bhd	Gamuda Berhad is acquiring a stake in the 450MW Hazelwood North Solar Farm and battery energy storage system project in Victoria, Australia, subject to approval from Australia's Foreign Investment Review Board. The hybrid renewable energy project is expected to commence construction in 2028 and begin commercial operations in 2030, while Gamuda and the project's original owner, Manthos Investments Pty Ltd, are also exploring the development of a co-located data centre on the 1,100-hectare site powered by the solar and battery infrastructure.	Construction	Merger & Acquisition
8 Jun, 2026	Gamuda Bhd	Gamuda Land has signed a memorandum of understanding with UCSI University to establish a new campus at its Gamuda Gardens township in Rawang, Selangor, starting with a temporary campus in January 2027 with capacity for about 2,000 students across 66,000 sq ft of facilities. The arrangement includes plans for a permanent six-acre campus with capacity for 6,000 students targeted for completion in 2031, offering programmes in business, creative arts, computer science, and emerging fields such as electric vehicle and autonomous mobility studies.	Construction	Operation Updates
3 Jun, 2026	Pan Merchant Bhd	Pan Merchant Bhd has secured a RM26.49 million contract via its wholly-owned subsidiary PMI-Technology Sdn Bhd as a nominated supplier for the Sungai Rasau Water Supply Scheme (Stage 1) in Selangor. The scope, awarded by REI OOE Consortium Sdn Bhd under Gamuda M&E Sdn Bhd, covers supply, supervision, testing, and commissioning of filter press equipment and ancillary systems for Process Package 2, with works scheduled for completion within 17 months.	Industrial Engineering	Contract Awarded
25 May, 2026	Gamuda Bhd	Gamuda Bhd’s proposed 200MW Weasel Solar Farm and 341MW Cellars Hill Wind Farm projects in Tasmania have been selected under Australia’s Capacity Investment Scheme, providing government-backed revenue support for up to 15 years to reduce investment risk. The renewable energy projects, developed by Gamuda Renewable Pty Ltd with Alternate Path and local landowners, are expected to begin construction in 2027 and 2028 respectively, and form part of a broader portfolio exceeding 600MW of renewable generation capacity in Central Tasmania.	Construction	Contract Awarded
20 May, 2026	Gamuda Bhd	Gamuda Bhd’s wholly owned Australian subsidiary DT Infrastructure has secured contracts worth over RM3 billion to construct the Smoky Creek and Guthrie’s Gap solar and battery hybrid power plants in Australia, which together are expected to generate up to 720MW of electricity and provide 2,400MWh of storage capacity. The projects, among the largest hybrid renewable developments under construction in the country, are expected to be completed within two and a half years, with DT Infrastructure also responsible for operations and maintenance upon completion.	Construction	Contract Awarded
10 May, 2026	Gamuda Bhd	Gamuda Bhd secured a contract to develop the 75MW Jinbi Solar Farm in the Pilbara region of Western Australia. The project will involve the installation of 160,000 solar panels and will supply electricity to Rio Tinto under a 30-year power purchase agreement with Yindjibarndi Energy Corporation. The contract value was not disclosed, although estimates placed it at around RM600 million. Full commercial operations are expected to begin in mid-2028. The Jinbi Solar Farm includes an option to expand capacity to 150MW, including the potential addition of battery energy storage systems, subject to future approvals and development decisions. The project adds to Gamuda Bhd’s growing renewable energy portfolio in Australia, which includes the Marinus Link, Carmody’s Hill Wind Farm, Goulburn River Solar Farm and Boulder Creek Wind Farm.	Construction	Contract Awarded
8 May, 2026	Gamuda Bhd	Gamuda Bhd secured the Kaohsiung Metropolitan Mass Rapid Transit Xiaogang–Linyuan Line Civil Works and Electromechanical Facilities Project in Taiwan valued at RM3.30 billion (NTD26.39 billion) from the Kaohsiung City Government Mass Rapid Transit Bureau. The project was awarded to an unincorporated joint venture in which Gamuda holds a 70% stake alongside Taiwanese firm Shang Ting, giving Gamuda an effective contract share of RM2.31 billion. The seven-year-and-four-month project includes the construction of three underground stations, one elevated station, 3.88km of underground twin-track railway and six cross passages. The contract marks Gamuda’s tenth project win in Taiwan since entering the market in 2002 and expands its existing involvement in Kaohsiung’s rail infrastructure projects.	Construction	Contract Awarded
5 May, 2026	Gamuda Bhd	Gamuda’s 45%-owned Upper Padas Power Sdn Bhd has received revised approval from the Energy Commission of Sabah for the Ulu Padas project, which has been upgraded into an integrated hydroelectric and floating solar development. The project will combine a 187.5MW hydro plant with a 150MWac floating solar facility, with the hydro component expected to generate 1,052GWh annually and the solar component contributing an additional 300GWh. The development operates under a 40-year concession for the hydro plant and 25 years for the floating solar facility. Construction of the hydro component began in 2025 and is scheduled for completion by 31 December 2030, while the floating solar facility is expected to be completed by 31 December 2031. A power purchase agreement is targeted to be finalised by the end of 2026.	Construction	Operation Updates

15 Jul, 2026

Gamuda Bhd

Gamuda Bhd’s 50:50 joint venture, Khazanah Air Perak Sdn Bhd (KAP), signed a 40-year bulk water supply agreement through its wholly-owned subsidiary Prasarana Air dan Irigasi Perak Sdn Bhd to supply treated water from the Northern Perak Water Supply Scheme to Perbadanan Bekalan Air Pulau Pinang Sdn Bhd, with first delivery targeted in the first quarter of 2032. The agreement provides for an initial supply of 300 million litres per day, an annual capacity charge of approximately RM210 million, and a supply tariff starting at RM1.70 per cubic metre, subject to regulatory approvals, infrastructure completion and other conditions precedent. KAP is a 50:50 joint venture between Gamuda and Perbadanan Kemajuan Negeri Perak (PKNPk), while PBAPP is a wholly-owned subsidiary of PBA Holdings Bhd. Under the agreement, PAIP Perak will act as the treated water supplier and PBAPP as the purchaser.

Construction

Contract Awarded

2 Jul, 2026

Gamuda Bhd

Gamuda Land, the property development arm of Gamuda Berhad, and Taylor’s Assets have commenced development of the RM540 million Haus on 15 mixed-use project in SS15, Subang Jaya, comprising two 31-storey serviced residence towers with 614 units, a purpose-built student accommodation block with 253 units and 401 beds, and an 18-unit retail component. The redevelopment of the former Taylor’s College campus is scheduled for launch in September 2026 and targeted for phased completion by 2029, with Taylor’s Assets retaining ownership of the student accommodation.

Construction

Operation Updates

10 Jun, 2026

Gamuda Bhd

Gamuda Berhad is acquiring a stake in the 450MW Hazelwood North Solar Farm and battery energy storage system project in Victoria, Australia, subject to approval from Australia's Foreign Investment Review Board. The hybrid renewable energy project is expected to commence construction in 2028 and begin commercial operations in 2030, while Gamuda and the project's original owner, Manthos Investments Pty Ltd, are also exploring the development of a co-located data centre on the 1,100-hectare site powered by the solar and battery infrastructure.

Construction

Merger & Acquisition

8 Jun, 2026

Gamuda Bhd

Gamuda Land has signed a memorandum of understanding with UCSI University to establish a new campus at its Gamuda Gardens township in Rawang, Selangor, starting with a temporary campus in January 2027 with capacity for about 2,000 students across 66,000 sq ft of facilities. The arrangement includes plans for a permanent six-acre campus with capacity for 6,000 students targeted for completion in 2031, offering programmes in business, creative arts, computer science, and emerging fields such as electric vehicle and autonomous mobility studies.

Construction

Operation Updates

3 Jun, 2026

Pan Merchant Bhd

Pan Merchant Bhd has secured a RM26.49 million contract via its wholly-owned subsidiary PMI-Technology Sdn Bhd as a nominated supplier for the Sungai Rasau Water Supply Scheme (Stage 1) in Selangor. The scope, awarded by REI OOE Consortium Sdn Bhd under Gamuda M&E Sdn Bhd, covers supply, supervision, testing, and commissioning of filter press equipment and ancillary systems for Process Package 2, with works scheduled for completion within 17 months.

Industrial Engineering

Contract Awarded

25 May, 2026

Gamuda Bhd

Gamuda Bhd’s proposed 200MW Weasel Solar Farm and 341MW Cellars Hill Wind Farm projects in Tasmania have been selected under Australia’s Capacity Investment Scheme, providing government-backed revenue support for up to 15 years to reduce investment risk. The renewable energy projects, developed by Gamuda Renewable Pty Ltd with Alternate Path and local landowners, are expected to begin construction in 2027 and 2028 respectively, and form part of a broader portfolio exceeding 600MW of renewable generation capacity in Central Tasmania.

Construction

Contract Awarded

20 May, 2026

Gamuda Bhd

Gamuda Bhd’s wholly owned Australian subsidiary DT Infrastructure has secured contracts worth over RM3 billion to construct the Smoky Creek and Guthrie’s Gap solar and battery hybrid power plants in Australia, which together are expected to generate up to 720MW of electricity and provide 2,400MWh of storage capacity. The projects, among the largest hybrid renewable developments under construction in the country, are expected to be completed within two and a half years, with DT Infrastructure also responsible for operations and maintenance upon completion.

Construction

Contract Awarded

10 May, 2026

Gamuda Bhd

Gamuda Bhd secured a contract to develop the 75MW Jinbi Solar Farm in the Pilbara region of Western Australia. The project will involve the installation of 160,000 solar panels and will supply electricity to Rio Tinto under a 30-year power purchase agreement with Yindjibarndi Energy Corporation. The contract value was not disclosed, although estimates placed it at around RM600 million. Full commercial operations are expected to begin in mid-2028. The Jinbi Solar Farm includes an option to expand capacity to 150MW, including the potential addition of battery energy storage systems, subject to future approvals and development decisions. The project adds to Gamuda Bhd’s growing renewable energy portfolio in Australia, which includes the Marinus Link, Carmody’s Hill Wind Farm, Goulburn River Solar Farm and Boulder Creek Wind Farm.

Construction

Contract Awarded

8 May, 2026

Gamuda Bhd

Gamuda Bhd secured the Kaohsiung Metropolitan Mass Rapid Transit Xiaogang–Linyuan Line Civil Works and Electromechanical Facilities Project in Taiwan valued at RM3.30 billion (NTD26.39 billion) from the Kaohsiung City Government Mass Rapid Transit Bureau. The project was awarded to an unincorporated joint venture in which Gamuda holds a 70% stake alongside Taiwanese firm Shang Ting, giving Gamuda an effective contract share of RM2.31 billion. The seven-year-and-four-month project includes the construction of three underground stations, one elevated station, 3.88km of underground twin-track railway and six cross passages. The contract marks Gamuda’s tenth project win in Taiwan since entering the market in 2002 and expands its existing involvement in Kaohsiung’s rail infrastructure projects.

Construction

Contract Awarded

5 May, 2026

Gamuda Bhd

Gamuda’s 45%-owned Upper Padas Power Sdn Bhd has received revised approval from the Energy Commission of Sabah for the Ulu Padas project, which has been upgraded into an integrated hydroelectric and floating solar development. The project will combine a 187.5MW hydro plant with a 150MWac floating solar facility, with the hydro component expected to generate 1,052GWh annually and the solar component contributing an additional 300GWh. The development operates under a 40-year concession for the hydro plant and 25 years for the floating solar facility. Construction of the hydro component began in 2025 and is scheduled for completion by 31 December 2030, while the floating solar facility is expected to be completed by 31 December 2031. A power purchase agreement is targeted to be finalised by the end of 2026.

Construction

Operation Updates