Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2025-04-24
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 23 Apr, 2025 | Ferrotec Holdings Corporation | Investing RM1 billion to construct its second manufacturing facility in Kulim, Kedah. | Expansion Plan |
| 23 Apr, 2025 | MCE Holdings Bhd | MCE Holdings has secured new supply contracts worth a total of RM120.67 million. Its wholly owned unit, Multi-Code Electronics Industries (M) Bhd (MCE), landed a 60-month RM69.59 million deal with US-based JVIS USA, LLC to supply mechatronics components for a car model, starting in the first quarter of FY2027. MCE also clinched Perodua contracts worth RM41.33 million to supply parts for two new models — an EV (starting 2QFY2026 for 36 months) and an ICE vehicle (starting 1QFY2027 for 72 months). Additionally, MCE’s 60%-owned subsidiary, MCE Hengtuo Sdn Bhd, won a RM9.75 million, 60-month contract with Proton for parts supply on a new model, with production beginning in 1QFY2026. | Contract Awarded |
| 23 Apr, 2025 | Iconic Worldwide Bhd | Iconic Worldwide Bhd announced that the Penang High Court ruled in favour of its medical arm, Iconic Medicare Sdn Bhd (IMED), in a legal dispute with glove machine supplier Latex Form Sdn Bhd (LFSB). The court dismissed LFSB’s RM15 million claim and instead ordered it to pay RM10.1 million to IMED within 21 days, with 5% annual interest and RM50,000 in legal costs. The dispute began in August 2023, when LFSB sued for RM15.04 million over glove-dipping machine issues. IMED countersued in October 2023, claiming over RM25 million in damages for late delivery, non-delivery, and defective machines under a RM38.28 million contract. | Others |
| 23 Apr, 2025 | MN Holdings Bhd | Hired by Sunview Group Bhd to provide interconnection facilities for two solar power projects in Sungai Petani, Kedah. The RM29.7 million job includes building new links and expanding two bays at the Aman Jaya power intake station. | Contract Awarded |
| 23 Apr, 2025 | Sunway Bhd | Putrajaya Holdings Sdn Bhd is partnering with Sunway Healthcare Holdings Sdn Bhd, the healthcare arm of Sunway Bhd, to develop a multi-specialty tertiary medical centre in Precinct 7, Putrajaya. The first phase of the project will feature a hospital with over 300 beds. | Operation Updates |
| 22 Apr, 2025 | Zhejiang Jingxing Paper Joint Stock Co Ltd | Plans to expand its manufacturing operations in Banting, Selangor, with a RM1.9 billion investment. This major expansion will boost its annual production capacity by 600,000 tonnes of kraft liner — a durable paperboard made from high-quality recycled paper, widely used in packaging applications | Expansion Plan |
| 22 Apr, 2025 | MGB Bhd | MGB Bhd, via its unit Sinaran Kencana Sdn Bhd (SKSB), will pay RM7.23 million to joint venture partner Aset AZG Sdn Bhd (AASB) to revive a long-delayed serviced apartment project in Cameron Highlands. The payment settles the remaining land cost and interest for not developing the 1.884-acre site. It includes RM1.59 million in property units and RM5.5 million in cash. The joint venture began in August 2019, but no work has started yet. With the settlement, MGB plans to begin approvals and launch the RM107 million GDV project in Q3, with a four-year timeline. | Operation Updates |
| 22 Apr, 2025 | Scanwolf Corporation Bhd | Secured a RM16.63 million subcontract from Asianmax Corporation to relocate water supply for a road upgrade project at Jalan Perindustrian Rawang, Selangor. The work is expected to complete by July 31, 2025. | Contract Awarded |
| 22 Apr, 2025 | DPS Resources Bhd | Partnering with Invest Energy to support its planned AI data centre and high-tech industrial park in Alor Gajah, Melaka. Its unit DPS Energy signed an MOU with Invest Energy Ventures, which will finance and develop solar farms on DPS-owned land, and also set up utility solutions, district cooling, and steam distribution systems for the site. | Business Venture |
| 22 Apr, 2025 | Southern Steel Bhd | Selling a 55% stake in its steel wire mesh unit to BRC Asia Ltd (Singapore-listed) for RM61.05 million cash. The deal is a related-party transaction as Green Esteel controls both firms — owning 51% of Southern Steel and 61.16% of BRC Asia. Additionally, Hong Leong Investment Holdings holds 28.29% in Southern Steel and 20.94% in BRC Asia. | Disposal |
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