Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2024-12-17
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 16 Dec, 2024 | Advancecon Holdings Bhd | Secured a RM44.6 million main infrastructure contract from Sime Darby Property Bhd for the Elmina West development. Awarded to its subsidiary, Advancecon Infra Sdn Bhd, the project will run from January 2, 2025, to July 1, 2026. The scope includes roads, drainage, water reticulation, sewerage, telecommunications and other essential infrastructure. | Contract Awarded |
| 16 Dec, 2024 | Gamuda Bhd | Australian subsidiary, DT Infrastructure Pty Ltd, has secured a A$625 million (RM1.8 billion) engineering, procurement and construction (EPC) contract for the 585MW Goulburn River Solar Farm in New South Wales. | Contract Awarded |
| 16 Dec, 2024 | MClean Technologies Bhd | Acquire We Total Engineering's plastic injection moulding business for RM6.04 million. | Merger & Acquisition |
| 16 Dec, 2024 | MClean Technologies Bhd | Proposed a share capital reduction to wipe out up to RM 35 million of the company’s accumulated losses | Restructuring |
| 16 Dec, 2024 | DRB-Hicom Bhd | Signed memoranda of understanding (MOUs) with the Malaysian Investment Development Authority (Mida) and the Malaysia Automotive, Robotics and IoT Institute (MARii) to enhance Malaysia’s automotive industry through the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak. The agreements, made with its JV partner Zhejiang Geely Holding, aim to transform AHTV into a global automotive hub for next-generation vehicles and high-tech components. | Operation Updates |
| 16 Dec, 2024 | Infomina Bhd | Secured a US$2.6 million (RM11.6 million) purchase order from Hong Kong Exchanges and Clearing Ltd (HKEX) for technology application, infrastructure operations and support services. The order, effective from December 1, 2024 to December 31, 2027, includes renewing licence subscriptions, providing training, overseeing hardware and software installation, and ongoing maintenance and support services for HKEX's software environment. | Contract Awarded |
| 16 Dec, 2024 | George Kent (M) Bhd | Won a RM45.5 million contract from Kwasa Land Sdn Bhd for the Kwasa Damansara township development in Sungai Buloh, Selangor. The project includes constructing a suction tank, pump house, water reservoir, 11kV switching station and associated works. It will begin on January 9, 2025, with a completion target of July 8, 2027. | Contract Awarded |
| 16 Dec, 2024 | Perdana Petroleum Bhd | Secured a 3 years charter contract for an anchor handling tug and supply (AHTS) vessel from IPC Malaysia BV. | Contract Awarded |
| 13 Dec, 2024 | Lotte Chemical Titan Holdings Bhd | Announced the temporary shutdown of one of its plants in the Pasir Gudang Complex in Johor, effective Dec 15, to mitigate losses stemming from a prolonged downturn in the petrochemical industry. The Naphtha Cracker Number 1 plant has a nameplate capacity of 430,000 tonnes per annum. | Downsizing |
| 13 Dec, 2024 | Axiata Group Bhd | Macquarie Asset Management Pty Ltd has submitted a bid to buy Axiata Group Bhd’s telecommunications infrastructure unit, edotco Group Sdn Bhd, in a transaction that could value it at about US$3.5 billion. | Others |
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