Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2025-05-14
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 13 May, 2025 | Kerjaya Prospek Group Bhd | Adjudicator has ordered Yong Tai Bhd to pay the construction outfit RM75.46 million over an alleged unpaid contract for a mixed development project in Melaka, known as “The Apple”. | Others |
| 13 May, 2025 | OM Holdings Ltd | OM Holdings is divesting its 26% stake in Ntsimbintle Mining to South Africa’s Exxaro Resources for 1.86 billion rand (RM439.2 million). Ntsimbintle owns 50.1% of Tshipi é Ntle, which operates the Tshipi Borwa Mine — one of the largest manganese mines in South Africa and among the world’s top five. The remaining 49.9% of Tshipi is held by Australia-listed Jupiter Mines. Through its stake in Ntsimbintle, OM Holdings effectively owns 13% of the Tshipi Borwa Mine. | Disposal |
| 13 May, 2025 | ICT Zone Asia Bhd | Launched its IPO in conjunction with its transfer from the LEAP Market to the ACE Market, aiming to raise RM26.6 million. Priced at 20 sen per share, the IPO involves the issuance of 133 million new shares and the offer for sale of up to 21 million existing shares via private placement to selected Bumiputera investors. | Proposed Listing |
| 13 May, 2025 | Keyfield International Bhd | Secured a seven-month contract from Petronas Carigali Sdn Bhd to provide an accommodation work boat for offshore activities, with an option to extend the contract for an additional two months. | Contract Awarded |
| 13 May, 2025 | Uzma Bhd | UZMA Engineering Sdn Bhd has secured a three-year contract from Petronas Carigali Sdn Bhd to provide non-rig assisted electric wireline logging equipment and services in East Malaysian waters. The contract, effective from March 26, 2025, to March 25, 2028, includes technical consultancy, electric-line unit, logging, perforation, plug and packer setting, downhole auxiliary tools, and other well-related services. | Contract Awarded |
| 13 May, 2025 | Nestcon Bhd | Secured a RM44.12 million subcontract from Matrix Excelcon Sdn Bhd, the construction arm of Matrix Concepts Holdings Bhd, for site clearing and earthworks at a 1,382-acre mixed development in Seremban, Negeri Sembilan. The contract spans 32 months. | Contract Awarded |
| 13 May, 2025 | Nextgreen Global Bhd | Nextgreen is entering Libya via its 49%-owned associate, P Teguh Nextgreen Sdn Bhd (PTNG), which will exclusively distribute up to 25,000 tonnes of its organic fertilisers annually under a one-year renewable deal with local partners INBAT Global and Fazzan Cooperative Association. | Business Venture |
| 13 May, 2025 | Dagang NeXchange Bhd | Dagang Net Technologies has secured US\$1.8 million (RM7.8 million) worth of contracts to support Saudi Arabia’s Makkah Route initiative in 2025. The contracts cover technical and equipment support at six international sites across Malaysia, Indonesia, and Türkiye. Part of Saudi Arabia’s Vision 2030 Pilgrim Experience Programme, the Makkah Route aims to streamline immigration procedures and improve the arrival experience for pilgrims. Dagang Net currently manages six of the 11 global sites and plans to expand its involvement in the next haj season. | Contract Awarded |
| 13 May, 2025 | HLT Global Bhd | HLT Global’s subsidiary, HL Advance Technologies (M) Sdn Bhd (HLAT), has received a RM50.74 million counterclaim from former customer Encompass Industries Sdn Bhd over a dispute involving glove-dipping machines. The counterclaim for special damages comes in response to a lawsuit filed by HLAT in February, where it sought RM3.09 million in unpaid invoices and RM1.72 million in interest related to the machines delivered. | Others |
| 12 May, 2025 | MSM Malaysia Holdings Bhd | Plans to restart domestic sugar cane plantations to reduce its complete dependence on imported raw sugar. | Operation Updates |
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