Corporate Updates - Bursa Malaysia

2026-07-21
Category: Corporate Updates
Frequency: Daily

Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.

Explanation of the corporate events: User Manual

Date Company Event Details Sector Event Summary
21 Jul, 2026 Johan Holdings Bhd Johan Holdings Berhad (through wholly owned subsidiary Diners Club (Malaysia) Sdn Bhd) will acquire the remaining 20% stake in Lumut Park Resort Sdn Bhd from Syarikat Majuperak Bhd for RM3.25 million cash, increasing its ownership to 100%, with completion targeted by end-August 2026. Lumut Park Resort is involved in resort operations and property development, and the acquisition is intended to simplify the group structure and provide full control over future restructuring or corporate exercises. Other Financials Merger & Acquisition
21 Jul, 2026 MGB Bhd MGB Berhad secured a 10-month contract through its indirect wholly owned subsidiary MGB International For Industry from Roshn Group Company to undertake mechanical, electrical and plumbing (MEP) and finishing works for 75 villas under Phase 1A Zone B of the Marafy Al-Arous Development in Jeddah, Saudi Arabia. The contract supports the group's expansion into the Saudi Arabian construction market and follows its earlier RM34.76 million contract to build 75 residential villas for the same development. Construction Contract Awarded
21 Jul, 2026 Adnex Group Bhd Adnex Group Berhad secured a RM10.96 million interior fit-out subcontract through its wholly owned subsidiary Adnex Interior Solution Sdn Bhd from JLL Project and Construction Management Sdn Bhd for Hilti Asia IT Services Sdn Bhd's office at Sunway Square Corporate Tower 1. The five-month project commenced on 21 July 2026 and is scheduled for completion on 24 December 2026, followed by a 12-month defects liability period. Construction Contract Awarded
21 Jul, 2026 Eita Resources Bhd EITA Resources Berhad secured three contracts with an aggregate value of approximately RM12 million through its wholly owned subsidiary EITA Elevator (Malaysia) Sdn Bhd for the supply, installation, testing and commissioning of lifts for development projects in the Klang Valley, including a luxury residential development in the KLCC area. The projects are expected to be completed within three years, subject to the finalisation of the work programme with the customer. Industrial Materials, Components & Equipment Contract Awarded
21 Jul, 2026 AE Multi Holdings Bhd AE Multi Holdings Berhad disposed of 32.30 million ordinary shares in Sinaran Advance Group Berhad in the open market for RM3.53 million on 17 July 2026. The disposal generated an estimated pre-tax gain of RM1.81 million, with 90% of the proceeds earmarked for investments in quoted shares and the remaining 10% for working capital within six months. Industrial Materials, Components & Equipment Disposal
21 Jul, 2026 Geohan Corp Bhd Geohan Corporation Berhad secured a RM40.9 million contract through its wholly owned subsidiary Geohan Sdn Bhd from China State Construction Engineering (M) Sdn Bhd for foundation and structural works for a mixed-use development at Persiaran KLCC, Kuala Lumpur. The 11-month contract covers bored piling, reinforced concrete and basement wall works for two 65-storey serviced apartment towers comprising 850 units, increasing the group's year-to-date contract wins to over RM200 million and its outstanding order book to approximately RM420 million. Construction Contract Awarded
21 Jul, 2026 Wong Engineering Corporation Bhd Wong Engineering Corporation Berhad has entered into an agreement to dispose of its 10% equity interest in Broadway Lifestyle Sdn Bhd to Econ Property Management Sdn Bhd for RM6.27 million in cash, with completion expected by 21 October 2026. The disposal is expected to generate an estimated gain of RM3.22 million and will reduce the group's stake in Broadway Lifestyle to 25%, with proceeds to be used for working capital in its precision engineering business and repayment of bank borrowings. Broadway Lifestlye is involved in property investment activities. Industrial Materials, Components & Equipment Disposal
21 Jul, 2026 Sime Darby Property Bhd Sime Darby Property Berhad has been ordered by the Shah Alam High Court to repay RM36.23 million to the Malaysian Highway Authority (LLM), together with 5% annual interest, after the court ruled that the group had received excess compensation for seven plots of land compulsorily acquired in 2015 for the West Coast Expressway. The company is reviewing the judgment and considering an appeal, with the repayment expected to have a financial impact but not materially affect its business operations. Property Others
21 Jul, 2026 Hartanah Kenyalang Bhd Hartanah Kenyalang Berhad secured a RM41.38 million construction contract through its wholly owned subsidiary Hartanah Construction Sdn Bhd to build multi-storey buildings and ancillary facilities in Sarawak for a Malaysian construction company. The project is scheduled to commence in July 2026 and is expected to be completed within 36 months. Construction Contract Awarded
20 Jul, 2026 AwanBiru Technology Bhd AwanBiru Technology Berhad secured a 12-month extension of its Cloud Framework Agreement through its subsidiary Awantec Systems Sdn Bhd with the Malaysian Administrative Modernisation and Management Planning Unit (Mampu) and Google Cloud Malaysia Sdn Bhd to continue providing Google Cloud services to the Malaysian government. The extension runs from 1 July 2026 to 30 June 2027, or until the successor Cloud Framework Agreement 2.0 takes effect, with the contract value undisclosed. Digital Services Contract Awarded