Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2025-08-11
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Event Details | Sector | Event Summary |
|---|---|---|---|---|
| 1 Aug, 2025 | Vantris Energy Bhd | Sapura Energy Bhd has officially changed its name to Vantris Energy Bhd. Under the regularisation plan, Vantris Energy will perform a 99.99% capital reduction to offset accumulated losses, along with a 20-to-one share consolidation. The company's debt restructuring will reduce its borrowings from RM10.8 billion to about RM5.6 billion, cutting annual interest expenses by more than RM500 million, or approximately 60%. The Ministry of Finance, through Malaysia Development Holding Sdn Bhd (MDH), will subscribe up to RM1.1 billion in redeemable convertible loan stocks (RCLS). Proceeds from this subscription have been earmarked to settle outstanding payments to Malaysian oil and gas vendors. | ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES | Restructuring |
| 17 Jul, 2025 | NexG Bhd | Secured a sixth-month extension from the Ministry of Home Affairs to continue supplying passport chips to the Immigration Department. Its unit, Datasonic Technologies Sdn Bhd, received the extension letter on July 2. This marks the fifth extension of a contract originally awarded in 2015, valued at RM318.75 million for 12.5 million chips. The new term runs from Dec 1, 2025, to May 31, 2026, on a monthly basis. The extension does not change the contract’s ceiling value, item price, or quantity. | DIGITAL SERVICES | Contract Awarded |
| 17 Jul, 2025 | CBH Engineering Holding Bhd | Secured a contract worth RM172 million to build a substation’s electrical supply system at a proposed data centre in Selangor. The scope of works comprises supplying, erecting, installing, testing and commissioning all substation equipment and associated civil works for the electrical supply system. | INDUSTRIAL SERVICES | Contract Awarded |
| 16 Jul, 2025 | Handal Energy Bhd | Handal Imro Sdn Bhd, a subsidiary of Handal Energy, is facing two legal actions: a lawsuit by Singapore-based Deepetro Offshore Brokers for failing to deliver cranes as per a July 2023 asset sale agreement, and a winding-up petition from Unity Force Sdn Bhd for allegedly not settling a debt of RM255,384.56. Deepetro is seeking RM674,028 in lieu of the cranes, RM18 million in opportunity loss damages, and an injunction to block the sale or lease of the cranes. Meanwhile, the winding-up petition, filed at the Kota Kinabalu High Court, follows a 21-day statutory demand. Handal has appointed legal counsel for both cases and maintains that its operations remain unaffected. | ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES | Others |
| 16 Jul, 2025 | Scope Industries Bhd | Scope is investing RM20 million in Malacca Securities Sdn Bhd by subscribing to 20 million Class B non-convertible, cumulative, redeemable preference shares (NCRPS) at RM1 each, fully funded through internal resources. These NCRPS offer a fixed annual dividend yield of 10% and have a tenure of 12 months. | INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT | Merger & Acquisition |
| 15 Jul, 2025 | Malakoff Corp Bhd | Partnering with Evergreen Earth Sdn Bhd to explore investment opportunities in greenfield solar photovoltaic (PV) power plants and other renewable energy (RE) initiatives across Sarawak. | ELECTRICITY | Operation Updates |
| 15 Jul, 2025 | Marine & General Bhd | Marine & General Bhd said Abdul Hafidz Abdul Rahman, son of its largest shareholder, has exercised a call option to acquire one million preference shares in its subsidiary Jasa Merin, convertible into 10 million M&G shares. This follows a similar move by the chairman’s daughter earlier this month. The call options are part of a 2019 debt restructuring deal involving 150 million Jasa Merin preference shares issued to banks, aimed at converting debt into equity. | TRANSPORTATION & LOGISTICS SERVICES | Others |
| 15 Jul, 2025 | DXN Holdings Bhd | DXN has partnered with Invest Kedah Bhd to drive economic growth in Kedah through eco-tourism, aquaculture, and farming initiatives such as coffee, cocoa, and mushroom cultivation in Langkawi. Their first project, a fish hatchery on Pulau Tuba launched in March 2024, spans 1.02 hectares and features 40 tanks capable of housing 480,000 fish, including red snappers and groupers. DXN also plans to cultivate cocoa and coffee locally to lower costs, reduce dependency on external suppliers, and enhance quality. | RETAILERS | Operation Updates |
| 10 Jul, 2025 | Ecobuilt Holdings Bhd | Ecobuilt's major subsidiary, Rexallent Construction Sdn Bhd (RCSB), has been served with a winding-up petition by Inflextec Engineering Sdn Bhd over an alleged unpaid debt of RM447,886.46. | CONSTRUCTION | Others |
| 10 Jul, 2025 | IHH Healthcare Bhd | Exploring potential new markets in Indonesia and Vietnam as it continues to build scale and expand its regional presence. | HEALTH CARE PROVIDERS | Expansion Plan |
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