Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2025-10-24
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Event Details | Sector | Event Summary |
|---|---|---|---|---|
| 15 Jul, 2025 | Petronas Gas Bhd | Petronas Gas Bhd has reached a settlement with BASF Petronas Chemicals Sdn Bhd under which BPC will pay RM52 million to resolve disputes linked to a long-standing electricity supply agreement first signed in 1998, closing a legacy issue between the two Petronas-linked entities; the resolution provides Petronas Gas with a cash inflow while eliminating potential legal or operational uncertainties, with no further obligations expected under the disputed agreements. | GAS, WATER & MULTI-UTILITIES | Others |
| 10 Jul, 2025 | Gabungan AQRS Bhd | Gabungan AQRS Bhd’s 90%-owned unit Trusvest Sdn Bhd, together with partners REMT Sdn Bhd and Seri Wilayah Engineering Sdn Bhd, received confirmation from Petronas Chemicals Fertiliser Sabah Sdn Bhd on the third extension of its sublease for the Sipitang base-camp accommodation facility. The renewed term runs 33 months from April 2026 to December 2028, with the monthly rental raised to RM370,000 plus SST from RM100,000 previously. Trusvest will continue managing full operations and maintenance under existing terms. The renewal underscores its strong performance record and will enhance recurring income and contribute positively to FY2026–FY2029 earnings. | CONSTRUCTION | Operation Updates |
| 22 Apr, 2025 | Petronas Chemicals Group Bhd | The Pengerang Petrochemicals Complex in Johor began commercial operations in November 2024 and is on track to reach full capacity by 2025. It is designed to produce 2,450 KTPA of petrochemical products, including polymers and glycols. | CHEMICALS | Operation Updates |
| 25 Oct, 2024 | Petronas Chemicals Group Bhd | Announced that its second production line for 2-ethylhexanoic acid (2-EHAcid) at the integrated site in Kuantan, Pahang, has successfully doubled the annual production capacity to 60,000 tonnes. | CHEMICALS | Expansion Plan |
| 21 Aug, 2024 | Steel Hawk Bhd | Secured a scaffolding services contract from Kertih Port Sdn Bhd, a wholly-owned subsidiary of Petronas Chemicals Group Berhad. The contract operates on a call-out basis with no fixed value and will see Steel Hawk providing specified services as needed throughout the contract period. | ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES | Contract Awarded |
| 21 Feb, 2024 | Petronas Chemicals Group Bhd | signed a memorandum of understanding with Sarawak state-owned Sarawak Petchem Sdn Bhd to conduct a joint feasibility study to develop a low-carbon ammonia and urea plant in Bintulu. | CHEMICALS | Operation Updates |
| 9 Oct, 2023 | Petronas Chemicals Group Bhd | Reached a final investment decision to construct Asia’s largest advanced chemical recycling plant in Pengerang, Johor with a capacity of 33 kilotonnes per annum. The plant is targeted to be operational by the first half of 2026. | CHEMICALS | Expansion Plan |
| 25 Sep, 2023 | Dialog Group Bhd | Wholly owned indirect subsidiary Dialog Malic Sdn Bhd, will build, own and operate a RM374.8 million speciality chemical plant producing malic acid in Gebeng, Kuantan, Pahang. The plant, located within the integrated chemical site operated by BASF Petronas Chemicals Sdn Bhd, marks the group’s first foray into production of specialty chemicals. Malic acid is a specialty chemical that is mainly used as a food additive in the food and beverage (F&B) industry. | ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES | Expansion Plan |
| 6 Jul, 2023 | Petronas Chemicals Group Bhd | Diversifying into specialty chemicals for growth and to cushion against the cyclical nature and volatility of the broader oil and gas industry. PCG’s specialty chemicals portfolio brings a wide range of products that includes Silicones, Lube Oil Additives and Chemicals, Resin and Coatings, Engineered Fluids, Animal Nutrition and Advanced Coatings to the market. | CHEMICALS | Business Venture |
| 30 Jun, 2023 | Petronas Chemicals Group Bhd | The validity period of the existing gas supply agreement between Petroliam Nasional Bhd (Petronas) and Petronas Chemicals Group Bhd (PCG) for the supply of ethane and propane as feedstock for plant operations at Petronas Chemicals Olefins Sdn Bhd (PCOSB) has been extended from July 1, on the same terms and conditions for a minimum of six months. | CHEMICALS | Operation Updates |
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