Corporate Updates - Bursa Malaysia

2026-05-31
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
29 May, 2026 Hartanah Kenyalang Bhd Hartanah Kenyalang Bhd completed a private placement of 62 million shares, raising RM17.05 million and introducing Solarvest Holdings Bhd and Norges Bank (Government Pension Fund Global) as new shareholders, with Solarvest subscribing to 45 million shares for a 6.6% stake and Norges Bank taking 17 million shares for a 2.5% stake. The proceeds will be used mainly as working capital to support ongoing construction projects, including its Sarawak Stadium contract, while the placement strengthens its capital base amid rapid order book expansion and recent contract wins totalling RM511.4 million. CONSTRUCTION Fund Raising
29 May, 2026 PMB Technology Bhd has temporarily reduced production to manage weak metallic silicon prices, persistent oversupply, subdued demand and a weakening US dollar, while carrying out maintenance works and preserving cash flow. METALS Downsizing
29 May, 2026 DXN Holdings Bhd DXN Holdings Bhd has mutually terminated the charter arrangement for a Gulfstream G550 corporate jet linked to its major shareholder, with the termination taking effect on May 31, 2026. The charter, originally approved as a recurrent related-party transaction, committed the group to a minimum annual expenditure of US$6.15 million to US$6.6 million for 300 flight hours, and was ended following a review of operational requirements, commercial considerations and business suitability. RETAILERS Termination
29 May, 2026 Oriental Holdings Bhd Oriental Holdings Bhd’s subsidiary Melaka Straits Medical Centre Sdn Bhd has entered into a joint venture with Ideal Hasrat Bumiraya Sdn Bhd of Ideal Property Group to develop the Ideal Oriental Medical Centre in Penang. The tertiary medical centre, to be built on a 0.7689-hectare site within the Queens Waterfront development, is targeted for completion by the end of 2030 and will serve local healthcare demand as well as Penang’s growing medical tourism sector. AUTOMOTIVE Expansion Plan
29 May, 2026 Cabnet Holdings Bhd Cabnet Holdings Bhd’s wholly owned subsidiary Cabnet Systems (M) Sdn Bhd has secured a RM38.68 million contract from Unique Arena Sdn Bhd to supply and install a data centre containment system in Selangor. The project commenced on May 29 and is scheduled for completion by Nov 30, 2026, and is expected to contribute positively to the group’s earnings and net assets over the contract period. TECHNOLOGY EQUIPMENT Contract Awarded
29 May, 2026 Apex Equity Holdings Bhd Apex Equity Holdings Bhd has proposed a private placement of up to 21.36 million new shares, representing up to 10% of its issued share capital, to raise approximately RM14.07 million. The proceeds will be used primarily to expand the group’s money-lending business, with the exercise expected to be completed in the second half of 2026 and aimed at strengthening its capital base and supporting future earnings growth. OTHER FINANCIALS Fund Raising
29 May, 2026 Swift Energy Technology Bhd Swift Energy Technology Bhd has secured five contracts and purchase orders worth a combined RM17.22 million through its subsidiaries, including a contract from Muhibbah Engineering (M) Sdn Bhd to supply electrical systems for three wellhead platforms under PETRONAS Carigali Sdn Bhd’s Sepat Integrated Redevelopment Project offshore Terengganu. The contracts also cover equipment supply for Malaysian industrial and data centre projects, with deliveries scheduled between 2026 and 2028 and expected to contribute positively to the group’s earnings over the period. INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT Contract Awarded
29 May, 2026 Tanco Holdings Bhd Tanco Holdings Bhd is proposing up to RM250 million in financial assistance to its joint venture with Menteri Besar Negeri Sembilan (Incorporated) for the development of the Port Dickson Free Zone industrial park on about 575 acres in Port Dickson. The funding, which includes support for land acquisition, development costs and contingencies, will be provided through shareholder advances and corporate guarantees to facilitate the project’s financing and is subject to shareholders’ approval, with completion of the land acquisition expected in the second half of 2026. PROPERTY Operation Updates
29 May, 2026 Tenaga Nasional Bhd Tenaga Nasional Bhd has issued RM4 billion in Sustainability Sukuk Wakalah under its Sukuk Wakalah Programme, marking the first issuance under the framework and structured across five tranches with tenors ranging from seven to 25 years and periodic distribution rates between 3.81% and 4.37% per annum. The proceeds will be used for sustainability-related and general corporate purposes, with Maybank Investment Bank Bhd and CIMB Investment Bank Bhd acting as joint principal advisers, arrangers and lead managers for the issuance. ELECTRICITY Fund Raising
29 May, 2026 Inta Bina Group Bhd Inta Bina Group Bhd has secured a RM227.08 million contract through its wholly owned subsidiary Inta Bina Sdn Bhd to undertake main building and infrastructure works for a mixed commercial strata development along Jalan Remia and Jalan Botanika in Klang, Selangor. The project, awarded by Ancubic PJ Sdn Bhd, comprises serviced apartments, retail, office space, parking and amenities and is scheduled to commence on June 15, 2026, with a 36-month construction period, bringing the group’s unbilled order book to about RM1.7 billion. CONSTRUCTION Contract Awarded