Corporate Updates - Bursa Malaysia - Insights

Date	Company	Event Details	Sector	Event Summary
12 Feb, 2026	Hextar Industries Bhd	Hextar Industries Bhd is acquiring a 51% stake in Woodpeckers Group for RM177.5 million in cash, implying a total equity value of RM348 million and an acquisition multiple of 11.5x based on Woodpeckers’ FY2024 net profit of RM30.3 million. Woodpeckers, the master franchisee of llaollao in Malaysia with 131 outlets, will provide Hextar with a footprint in the frozen dessert market. The deal includes an average annual profit guarantee of RM29 million over three years. Following the acquisition, Hextar will operate two master franchise brands in Malaysia—Luckin Coffee and llaollao—leveraging operational synergies, market reach, and cost efficiencies while maintaining brand independence.	INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT	Merger & Acquisition
12 Feb, 2026	Infraharta Holdings Bhd	Infraharta Holdings secured an RM11.42 million subcontract from Synergy Goldtree Sdn Bhd to supply labour and materials for the construction of a healthcare clinic and dental specialist centre in Putrajaya, including equipment, tools and machinery, with works commencing on Feb 4 and scheduled for completion on Jan 31, 2028.	CONSTRUCTION	Contract Awarded
12 Feb, 2026	Infraharta Holdings Bhd	Consortium Zenith Construction Sdn Bhd is seeking the return of RM13.12 million from Infraharta’s unit in relation to the Penang Major Roads and Third Link project, alleging the payments were obtained through fraud.	CONSTRUCTION	Others
12 Feb, 2026	Polymer Link Holdings	Polymer Link Holdings is expanding in Australia after leasing a new warehouse in Brisbane, which is expected to begin operations within one to two weeks, enabling the company to serve smaller rotomoulders that cannot take full container shipments and to grow its regional customer base; the group already operates facilities in Melbourne and Sydney. In Europe, despite lower sales to Poland in the financial year ended 2025 due to customer restructuring, the company continues to view Poland as a strategic entry point into the European market, citing an estimated 60 to 70 rotomoulders there, relatively lower operating costs compared with Germany, and demand for technically driven polymers aligned with its research and development capabilities.	CHEMICALS	Expansion Plan
12 Feb, 2026	Maxland Berhad	Maxland Bhd has proposed a rights issue of up to 2.405 billion shares at two sen each on a one-for-one basis to raise up to RM32.07 million to fund timber camp infrastructure and processing plant maintenance, tree replanting, plantation improvement works, working capital and related expenses, with completion targeted in the second quarter of 2026 subject to shareholder approval. Under a base case assuming none of the 801.81 million outstanding warrants B are exercised and full subscription of 1.6 billion rights shares, the company expects to raise RM32.07 million. Non-independent and non-executive chairman Datuk Abd Aziz Haji Sheikh Fadzir has undertaken to subscribe to his 17.7 million-share entitlement and an additional 110 million shares if required.	WOOD & WOOD PRODUCTS	Fund Raising
12 Feb, 2026	Petroliam Nasional Bhd (Petronas)	PETRONAS, through its wholly owned unit PC Oman Ventures Ltd, signed a concession agreement with the Omani government and OQ Exploration and Production Batinah Offshore LLC for oil and gas exploration in Block 18 in the Sea of Oman, covering about 21,000 sq km offshore Northeast Oman across shallow to ultra-deep water. Block 18, one of Oman’s largest offshore concession areas, was offered in 2024 under a new contractual framework based on concession fees and integrated gas exploitation projects, and the agreement builds on a memorandum of understanding signed with OQEP in October, strengthening PETRONAS’ upstream portfolio and long-term presence in Oman.	ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES	Operation Updates
12 Feb, 2026	Critical Holdings Bhd	Critical Holdings Bhd secured a RM34.97 million contract to construct a cleanroom production floor at a manufacturing plant in the Batu Kawan Industrial Zone, Penang, for an undisclosed US-based multinational corporation involved in computer memory and data storage systems for industrial Internet of Things solutions, with completion targeted by June 30 2026.	INDUSTRIAL SERVICES	Contract Awarded
12 Feb, 2026	PUC Bhd	PUC Berhad received conditional approval from the Labuan Financial Services Authority for a licence to operate a Labuan investment banking business under the Labuan Financial Services and Securities Act 2010, subject to meeting specified requirements including capitalisation, operational readiness and regulatory compliance within the stipulated timeframe before the final licence is issued.	MEDIA	Business Venture
12 Feb, 2026	Hartamodal	Hartamodal, the venture capital arm of Tradeview Capital, invested in Sarawak-based NEUON AI under its RM70 million Dana Impian fund. NEUON AI, founded by Dr Chai Kok Chin, Marcus Chai Koh Kiong, and Dr Chang Yang Loong, develops AI solutions including ROADPLUS, a road asset management platform deployed by government agencies and internationally recognized. The company has partnerships with Runjian Co Ltd for AI in agriculture and has completed deployments with Sarawak Forestry Corporation and Institute Sukan Negara. The investment supports the commercialisation and nationwide adoption of NEUON AI’s industrial AI solutions.	OTHER FINANCIALS	Operation Updates
12 Feb, 2026	LC Wakaful Digital	LC Wakaful Digital Sdn Bhd (LCWD) will operate Malaysia’s first Social Exchange Platform, Impakrintas, providing a structured and transparent avenue for non-profit organisations to raise donations for eligible social projects, with donors gaining visibility over fund utilisation and project impact. The platform, part of the Capital Market Masterplan 2026-2030, follows SC pilot programmes in early 2025 and guidelines effective Sept 19, 2025, and is scheduled to go live on Feb 19, 2026, with six non-profit organisations initially onboarded. LCWD will facilitate direct cash donations in phase 1, with subsequent phases expanding scope to broader market participation and capital market instruments. Donations through Impakrintas are eligible for tax treatment under Subsection 44(6) and paragraph 13(1) of Schedule 6 of the Income Tax Act 1967.	OTHER FINANCIALS	Operation Updates

12 Feb, 2026

Hextar Industries Bhd

Hextar Industries Bhd is acquiring a 51% stake in Woodpeckers Group for RM177.5 million in cash, implying a total equity value of RM348 million and an acquisition multiple of 11.5x based on Woodpeckers’ FY2024 net profit of RM30.3 million. Woodpeckers, the master franchisee of llaollao in Malaysia with 131 outlets, will provide Hextar with a footprint in the frozen dessert market. The deal includes an average annual profit guarantee of RM29 million over three years. Following the acquisition, Hextar will operate two master franchise brands in Malaysia—Luckin Coffee and llaollao—leveraging operational synergies, market reach, and cost efficiencies while maintaining brand independence.

INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT

Merger & Acquisition

12 Feb, 2026

Infraharta Holdings Bhd

Infraharta Holdings secured an RM11.42 million subcontract from Synergy Goldtree Sdn Bhd to supply labour and materials for the construction of a healthcare clinic and dental specialist centre in Putrajaya, including equipment, tools and machinery, with works commencing on Feb 4 and scheduled for completion on Jan 31, 2028.

CONSTRUCTION

Contract Awarded

12 Feb, 2026

Infraharta Holdings Bhd

Consortium Zenith Construction Sdn Bhd is seeking the return of RM13.12 million from Infraharta’s unit in relation to the Penang Major Roads and Third Link project, alleging the payments were obtained through fraud.

CONSTRUCTION

Others

12 Feb, 2026

Polymer Link Holdings

Polymer Link Holdings is expanding in Australia after leasing a new warehouse in Brisbane, which is expected to begin operations within one to two weeks, enabling the company to serve smaller rotomoulders that cannot take full container shipments and to grow its regional customer base; the group already operates facilities in Melbourne and Sydney. In Europe, despite lower sales to Poland in the financial year ended 2025 due to customer restructuring, the company continues to view Poland as a strategic entry point into the European market, citing an estimated 60 to 70 rotomoulders there, relatively lower operating costs compared with Germany, and demand for technically driven polymers aligned with its research and development capabilities.

CHEMICALS

Expansion Plan

12 Feb, 2026

Maxland Berhad

Maxland Bhd has proposed a rights issue of up to 2.405 billion shares at two sen each on a one-for-one basis to raise up to RM32.07 million to fund timber camp infrastructure and processing plant maintenance, tree replanting, plantation improvement works, working capital and related expenses, with completion targeted in the second quarter of 2026 subject to shareholder approval. Under a base case assuming none of the 801.81 million outstanding warrants B are exercised and full subscription of 1.6 billion rights shares, the company expects to raise RM32.07 million. Non-independent and non-executive chairman Datuk Abd Aziz Haji Sheikh Fadzir has undertaken to subscribe to his 17.7 million-share entitlement and an additional 110 million shares if required.

WOOD & WOOD PRODUCTS

Fund Raising

12 Feb, 2026

Petroliam Nasional Bhd (Petronas)

PETRONAS, through its wholly owned unit PC Oman Ventures Ltd, signed a concession agreement with the Omani government and OQ Exploration and Production Batinah Offshore LLC for oil and gas exploration in Block 18 in the Sea of Oman, covering about 21,000 sq km offshore Northeast Oman across shallow to ultra-deep water. Block 18, one of Oman’s largest offshore concession areas, was offered in 2024 under a new contractual framework based on concession fees and integrated gas exploitation projects, and the agreement builds on a memorandum of understanding signed with OQEP in October, strengthening PETRONAS’ upstream portfolio and long-term presence in Oman.

ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES

Operation Updates

12 Feb, 2026

Critical Holdings Bhd

Critical Holdings Bhd secured a RM34.97 million contract to construct a cleanroom production floor at a manufacturing plant in the Batu Kawan Industrial Zone, Penang, for an undisclosed US-based multinational corporation involved in computer memory and data storage systems for industrial Internet of Things solutions, with completion targeted by June 30 2026.

INDUSTRIAL SERVICES

Contract Awarded

12 Feb, 2026

PUC Bhd

PUC Berhad received conditional approval from the Labuan Financial Services Authority for a licence to operate a Labuan investment banking business under the Labuan Financial Services and Securities Act 2010, subject to meeting specified requirements including capitalisation, operational readiness and regulatory compliance within the stipulated timeframe before the final licence is issued.

MEDIA

Business Venture

12 Feb, 2026

Hartamodal

Hartamodal, the venture capital arm of Tradeview Capital, invested in Sarawak-based NEUON AI under its RM70 million Dana Impian fund. NEUON AI, founded by Dr Chai Kok Chin, Marcus Chai Koh Kiong, and Dr Chang Yang Loong, develops AI solutions including ROADPLUS, a road asset management platform deployed by government agencies and internationally recognized. The company has partnerships with Runjian Co Ltd for AI in agriculture and has completed deployments with Sarawak Forestry Corporation and Institute Sukan Negara. The investment supports the commercialisation and nationwide adoption of NEUON AI’s industrial AI solutions.

OTHER FINANCIALS

Operation Updates

12 Feb, 2026

LC Wakaful Digital

LC Wakaful Digital Sdn Bhd (LCWD) will operate Malaysia’s first Social Exchange Platform, Impakrintas, providing a structured and transparent avenue for non-profit organisations to raise donations for eligible social projects, with donors gaining visibility over fund utilisation and project impact. The platform, part of the Capital Market Masterplan 2026-2030, follows SC pilot programmes in early 2025 and guidelines effective Sept 19, 2025, and is scheduled to go live on Feb 19, 2026, with six non-profit organisations initially onboarded. LCWD will facilitate direct cash donations in phase 1, with subsequent phases expanding scope to broader market participation and capital market instruments. Donations through Impakrintas are eligible for tax treatment under Subsection 44(6) and paragraph 13(1) of Schedule 6 of the Income Tax Act 1967.

OTHER FINANCIALS

Operation Updates