Corporate Updates - Bursa Malaysia

2026-04-02
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
19 Mar, 2026 Sorento Capital Bhd Sorento Capital Bhd, a bathroom and kitchenware distributor that debuted on the ACE Market in October 2024, proposed to transfer its listing to the Main Market of Bursa Malaysia, targeting completion by May 2026. HOUSEHOLD GOODS Proposed Listing
18 Mar, 2026 Citaglobal Bhd Citaglobal Bhd’s wholly-owned subsidiary, Citaglobal New Energy Sdn Bhd (CGNE), executed a framework agreement with Malaysia Rail Link Sdn Bhd for energy advisory services and green energy development along the 665-kilometre East Coast Rail Link (ECRL) from Kota Bharu to Port Klang. The agreement requires at least 30% of electricity supplied for the ECRL to be green energy by Dec 31, 2030, and covers technical, commercial, and regulatory advisory services, including connection charge analysis, tariff modelling, financial analysis, and engagement with authorities. The FA also establishes CGNE’s green energy development mandate through Citaglobal Renewable Energy Sdn Bhd, including the development, financing, ownership, and operation of solar photovoltaic systems at ECRL stations, depots, and other suitable locations for both traction and non-traction electricity needs. The advisory role generates capital-light revenue without substantial balance sheet commitments. METALS Operation Updates
18 Mar, 2026 Solarvest Holdings Bhd Solarvest Holdings Bhd has secured an RM89.5 million EPCC contract through its wholly-owned Atlantic Blue Sdn Bhd with Jubli Pasifik Sdn Bhd for a 36MWac solar photovoltaic plant in Padang Siding, Perlis, under the LSS5+ programme. Work will start upon issuance of the notice to proceed, with completion targeted by February 26, 2028. RENEWABLE ENERGY Contract Awarded
18 Mar, 2026 Pos Malaysia Bhd Pos Malaysia Bhd will impose fuel surcharges on domestic and international shipments starting March 18, 2026, to offset higher air transport costs. The surcharge is set at 15% for domestic services, including Pos Laju Service, Pos Laju Prepaid (Blue), MyDistribution Services, and Mel Plus Service, and 40% for international services, covering Redly Express, Redly Priority (EMS), Small Packet, Air Parcel, International Air Bulkmail, and Flexipack International. The surcharge does not apply to postcards or letters sent internationally. From March 27, 2026, rates for both domestic and international services will be updated weekly every Friday on Pos Malaysia’s website, effective for the following week. The adjustments follow a 76% increase in global jet fuel prices to around US$175 per barrel in mid-March 2026 amid Middle East tensions. TRANSPORTATION & LOGISTICS SERVICES Operation Updates
17 Mar, 2026 Hextar Capital Bhd Hextar Capital Bhd secured a RM75.9 million sub-contract to carry out geotechnical and earth works for a housing project for armed forces families at Kem Kabota in Tawau, Sabah. The project will commence immediately and is scheduled for completion within 12 months. The contract expands Hextar Capital’s operational presence in East Malaysia and is expected to contribute positively to the group’s earnings. TELECOMMUNICATIONS EQUIPMENT Contract Awarded
16 Mar, 2026 Fitters Diversified Bhd Fitters Diversified Bhd is selling its renewable energy unit, Future NRG Sdn Bhd, for RM15.2 million to a group of purchasers including Perfect Energy Sdn Bhd and Antbiz Sdn Bhd. Future NRG is involved in medical waste management, and the company’s original cost of investment in the unit was RM27.89 million. INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT Disposal
16 Mar, 2026 Keyfield International Bhd Keyfield International Bhd secured eight charter contracts worth RM162 million for seven accommodation work boats and one anchor handling tug supply vessel, with extension options valued at RM84 million. The contracts cover petroleum arrangement and oil and gas contractors in Malaysia, Qatar, the United Arab Emirates, and Thailand, with seven charters starting in the first half of 2026 and one in early 2027. The contracts have firm tenures ranging from two months to one year, with extensions of one month to one year, and are expected to contribute to the group’s earnings and net assets for the financial years ending December 31, 2026 and 2027. ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES Contract Awarded
16 Mar, 2026 JAKS Resources Bhd JAKS Resources Bhd secured a RM7.04 million, 15-month contract from Techkem Utilities Sdn Bhd to provide mechanical and electrical works at the Sungai Batu water treatment plant in Selangor. The project includes rehabilitation of flocculation, sedimentation, and filtration systems, and replacement of related equipment for Pengurusan Air Selangor Sdn Bhd. CONSTRUCTION Contract Awarded
12 Mar, 2026 Malaysian Genomics Resource Centre Bhd Biov Global Bhd, controlled by Lim Kean Lam, emerged as a substantial shareholder in Malaysian Genomics Resource Centre Bhd after acquiring an additional 4.317% stake, or 6.52 million shares, on Thursday, bringing its total holding to 5.165%. Biov Global is 27.12%-owned by Lim Kean Lam, with other shareholders including GM Biovalley Sdn Bhd (16.95%) and Dr Wong Jeh Shyan (8.18%). HEALTH CARE EQUIPMENT & SERVICES Others
12 Mar, 2026 Tenaga Nasional Bhd Tenaga Nasional Bhd’s wholly-owned subsidiary, TNB Power Generation Sdn Bhd, issued RM1.5 billion in sustainability sukuk wakalah under its sukuk wakalah programme. CIMB Investment Bank and Maybank IB acted as joint lead managers and bookrunners. The sukuk was issued in four tranches: RM100 million, RM300 million, RM500 million, and RM600 million, and the order book was oversubscribed 5.33 times, with RM8.0 billion in orders from over 51 investors. Proceeds will fund projects aligned with TPGSB’s sustainability sukuk framework to support greener, cleaner, and more efficient power generation and TNB’s net zero emission goal by 2050. ELECTRICITY Fund Raising