Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2025-09-18
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Event Details | Sector | Event Summary |
|---|---|---|---|---|
| 29 Sep, 2025 | Econpile Holdings Bhd | Econpile won a RM23.46 million job to handle site clearance, earthworks, piling, pile caps, transfer beams, retaining wall and a sub-basement for a proposed apartment in Puchong, Selangor, to be completed in 13 months. | CONSTRUCTION | Contract Awarded |
| 17 Sep, 2025 | Alpha Ocean Resources Bhd | Alpha Ocean Resources signed an MoU with Penang Port to develop a dedicated tuna landing and processing hub at the Port of Penang. Under the plan, Penang Port will allocate space and assist with permits, while AORSB will fund and operate the facilities. Both parties will form a joint committee to promote Penang as a global tuna hub, attract fleets, and coordinate inspections, with a formal agreement targeted within two years. | AGRICULTURAL PRODUCTS | Expansion Plan |
| 17 Sep, 2025 | HCK Capital Group Bhd | HCK Capital Group has entered into a joint venture with Bongsor Development to develop a RM600 million GDV project in Cheras. Its unit Trilink Essential will design, build, market and sell the development on 6.87 hectares of freehold land, with Bongsor entitled to a portion of proceeds in cash and unit entitlements. Construction is slated to start within two years and complete within five years, with an option for a one-year extension. | PROPERTY | Operation Updates |
| 17 Sep, 2025 | Rex Industry Bhd | Rex Industry is disposing of its entire Malaysian food and beverage operations for RM40 million in cash to focus on its more profitable Indonesian subsidiary. The conditional deal with group managing director Darmendran Kunaretnam involves the sale of 100% stakes in Rex Canning and Rex Trading, which handle local procurement, processing and distribution. Rex said the divestment will allow it to exit its loss-making Malaysian business, impacted by the 2023 closure of its Bukit Minyak facility and rising procurement costs. Proceeds will be channelled into working capital for PT Rex Canning in Indonesia, which produces canned seafood for export under contract manufacturing. | FOOD & BEVERAGES | Disposal |
| 17 Sep, 2025 | KH Bhd | MKH Bhd has proposed to dispose of its China-based subsidiary Vast Furniture Manufacturing (Kunshan) Co Ltd to Kunshan Meiao New Energy Technology for 84 million yuan (RM49.53 million) in cash. The sale covers a 40,140 sq m land parcel with six industrial buildings, other facilities, machinery, office equipment and vehicles. MKH said the move allows it to focus on its property and plantation business, and the disposal is expected to generate a gain of RM26.55 million. | PROPERTY | Disposal |
| 17 Sep, 2025 | Resintech Bhd | Resintech Bhd secured a US\$3.93 million (RM16.5 million) contract from Phnom Penh Water Supply Authority to supply HDPE pipes and fittings in Cambodia. The five-month, non-renewable contract is scheduled for completion by February 2026. | BUILDING MATERIALS | Contract Awarded |
| 17 Sep, 2025 | Advancecon Holdings Bhd | Advancecon Infra secured a RM66.9 million contract from JLG Technopark for earthworks and related tasks in phase one of the 7,290-acre Southern Ibrahim Technopolis in Kulai, Johor. The 16-month project begins on September 24, 2025, and forms part of the Johor–Singapore Special Economic Zone, which targets cross-border investment, digital infrastructure and sustainable urban growth. | CONSTRUCTION | Contract Awarded |
| 17 Sep, 2025 | West River Berhad | West River Berhad’s unit Neutron Power signed a term sheet to acquire 70% of Ace Hydropower from G Hydropower for RM850,000 cash. The deal includes staged payments, due diligence within 30 days, and a share sale agreement to be signed within 60 days, subject to approvals and license validity. Upon completion, Ace Hydropower, which operates hydropower schemes in Kinta, Perak, will become a 70%-owned subsidiary. The acquisition is expected to strengthen WRB’s renewable energy presence, enhance its ESG profile, and contribute positively to future earnings. | INDUSTRIAL SERVICES | Merger & Acquisition |
| 17 Sep, 2025 | Jaya Grocer | Jaya Grocer invested over RM100 million to launch Malaysia’s first fully automated grocery warehouse in Petaling Jaya, Selangor. The new facility will act as a central distribution hub, using smart technology and data tools to speed up store replenishment, ensure fresher products, and cut inefficiencies, while creating higher-skilled tech jobs. The expansion, driven by full capacity at its existing warehouse, also supports government upskilling goals and reflects Selangor’s strong business environment. | RETAILERS | Expansion Plan |
| 17 Sep, 2025 | Formosa Prosonic Industries Bhd | Formosa Prosonic Industries group managing director Shih Chao Yuan became the largest shareholder after acquiring a 24.5% stake, or 62.86 million shares, from Taiwan’s Wistron Corp for RM71.66 million at RM1.14 per share. The purchase, done with his wife Wu Swee Ngor and vehicle Formosa Prosonic Holdings, lifts his holdings to a 6.55% direct and 22.9% indirect stake, while Wistron fully exited after 11 years. | HOUSEHOLD GOODS | Others |
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