Significant Event

  • The Securities Commission Malaysia (SC) is launching a regulatory sandbox to test innovative products and services in a controlled environment, ensuring investor protection. This sandbox aims to refine policies and support advancements like tokenized offerings. In line with this, the SC is working with Khazanah Nasional Bhd to explore the issuance of tokenized bonds.
  • Oracle plans to invest more than US$6.5 billion (RM27 billion) to set up its first public cloud region in Malaysia.


Real Estate Industry 

  • Sunway Berhad is acquiring a 17.58-acre plot of land in Taman Taynton, Kuala Lumpur, for RM 320 million, which equates to RM 418 per square foot. Situated within the land-scarce city center, this transaction presents an excellent opportunity for Sunway to develop another township similar to Sunway Velocity.

Infrastructure/Logistics

  • Johor Corporation (JCorp) has expanded operations at Tanjung Langsat Port, Johor, by launching new container facilities. This strategic move enhances the port’s existing handling of bulk, breakbulk, and liquid cargo, including petroleum and edible oil. The new facilities are set to meet growing demand and strengthen the port’s integration into the Johor-Singapore Special Economic Zone (JS-SEZ), benefiting multinational companies.


Cash Call/ Debt restructuring/Restructuring/Proposed Listing

  • Dhaya Maju Infrastructure (Asia) Sdn Bhd, a privately owned company, is acquiring a 57.52% stake in Pestech International Bhd for RM160 million. Dhaya Maju is involved in the Klang Valley Double Track (KVDT) project, which focuses on upgrading and rehabilitating rail tracks in the Klang Valley to improve efficiency and safety. Pestech specializes in solutions for High Voltage and Extra High Voltage electrical systems. It is speculated that Dhaya Maju may inject its assets into the publicly listed Pestech International Bhd.
  • Sanichi Technology Bhd has proposed to consolidate its shares on a 10-to-one basis. It also proposed a capital reduction of up to RM55 million from its issued share capital to offset its accumulated losses of RM93.93 million


Company Expansion Plan/ Capex Plan

  • Logistics service provider Sin-Kung Logistics Bhd is diversifying into private jet charter and air freight cargo services with the acquisition of loss-making Prima Air Sdn Bhd for RM20.7 million cash.