Corporate Updates - Bursa Malaysia - Insights

Date	Company	Event Details	Sector	Event Summary
17 Apr, 2026	Bina Puri Holdings Bhd	Bina Puri Holdings has secured a RM156.45 million subcontract for road construction and upgrade works in Simunjan, Sarawak, awarded to its subsidiary Bina Puri Builder by Easter Synergy. The project includes site clearing, earthworks, geotechnical works, drainage, and bridge construction, with a 30-month duration and expected completion by the fourth quarter of 2028.	CONSTRUCTION	Contract Awarded
17 Apr, 2026	Exsim Hospitality Bhd	Exsim Hospitality has secured a RM138 million subcontract through its subsidiary Exsim Concepto from Binastra Builders to carry out fit-out works for a development project in Malaysia. The scope includes mechanical, electrical and plumbing systems, interior design and architecture works, and related building services. The subcontract is part of a larger main contract that started on September 29, 2025, with project completion scheduled for February 28, 2029, spanning 41 months, followed by a 27-month defects liability period.	TRAVEL, LEISURE & HOSPITALITY	Contract Awarded
17 Apr, 2026	Aizo Group Bhd	Aizo Group has received approval from Bursa Malaysia for a series of fundraising and capital restructuring exercises, including a private placement, a rights issue with free warrants, a share capital reduction, and allocations to investors and key management, subject to shareholder approval at an upcoming EGM. The plan allows issuance of up to 763.9 million placement shares and more than 3.31 billion rights shares with free warrants, aiming to raise up to RM200 million. Proceeds are mainly intended to fund Aizo’s large-scale solar project (LSS5), a 99.99MWac solar photovoltaic facility in Kampar, Perak, developed under a power purchase agreement with Tenaga Nasional. The restructuring is designed to strengthen the company’s balance sheet and support its expansion into renewable energy and infrastructure.	BUILDING MATERIALS	Fund Raising
17 Apr, 2026	Kawan Renergy Bhd	Kawan Renergy has secured a RM70.37 million contract to supply diesel generator systems to a data centre services provider located in central Peninsular Malaysia. The project is scheduled for completion by April 17, 2027.	INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT	Contract Awarded
17 Apr, 2026	Chin Hin Group Property Bhd	Chin Hin Group Property has proposed a joint venture with Fiamma Holdings to develop a KLCC-area mixed development project with an estimated gross development value of RM1.36 billion on a 1.88-acre site near the Petronas Twin Towers. Through its subsidiary, Chin Hin will acquire a 70% stake in the project vehicle for RM1.17 million, taking control of development and financing, while Fiamma’s stake is reduced to 30%. The project, targeted for launch in 2026 and completion in 2031, will include two serviced apartment towers with 1,033 units, retail space, and supporting facilities. Total financing involves RM303 million in borrowings and repayment obligations of about RM196 million, with the overall effective cost for the 70% stake at roughly RM227.65 million. The deal is a related-party transaction and will increase gearing while reducing earnings per share due to higher financing costs, and it is subject to shareholder approval.	PROPERTY	Operation Updates
17 Apr, 2026	MN Holdings Bhd	MN Holdings has secured a RM275.9 million contract to carry out electrical infrastructure works for a data centre project in central Peninsular Malaysia, awarded to its wholly owned subsidiary MN Utilities Engineering. The scope includes the design, supply, and maintenance of a 275kV consumer landing station, with works to be executed in phases and completed by June 30, 2027. The client is a Malaysia-based data hosting and processing infrastructure operator, though its identity is not disclosed. This marks the group’s second data centre-related contract in April, bringing its cumulative data centre-related order wins for the year to RM988 million.	CONSTRUCTION	Contract Awarded
17 Apr, 2026	Gamuda Bhd	Gamuda has secured a RM1.72 billion contract to construct a hyperscale data centre in Port Dickson for a US-based multinational technology company. The project, awarded to its subsidiary Gamuda Engineering, covers site infrastructure works, core and shell construction, and mechanical, electrical and plumbing fit-out for a single-storey facility. Construction is scheduled to start in the second quarter of 2026 and is expected to be completed in the first quarter of 2028. The contract increases Gamuda’s outstanding order book from about RM44 billion to approximately RM45.72 billion.	CONSTRUCTION	Contract Awarded
17 Apr, 2026	Harn Len Corp Bhd	Harn Len Corp has secured up to RM94 million in term loans from Affin Bank to refinance existing borrowings and support plantation development activities. About RM60 million will be used to refinance loans linked to 10 parcels of oil palm land in Pahang, while RM30 million will fund oil palm and pineapple estate development, infrastructure works, and maintenance under a subsidiary project. The remaining RM4 million will be used for insurance-related financing of credit protection schemes for directors and shareholders. The facilities are secured against the same plantation land and backed by a RM94 million corporate guarantee. The group’s gearing is expected to rise from 0.26 times to 0.35 times after full drawdown.	PLANTATION	Fund Raising
17 Apr, 2026	Sunway Construction Group Bhd	Sunway Construction Group has secured a RM1.75 billion contract from an unnamed international hyperscaler to build a hyperscale data centre in Serendah, Selangor. The project, awarded through its subsidiary Sunway Construction Sdn Bhd, covers core and shell works, campus infrastructure, and mechanical, electrical and plumbing fit-out works. The contract runs for two years from the third quarter of 2026 to the third quarter of 2028 and is expected to contribute positively to future earnings. With this win, Sunway Construction’s outstanding order book rises to RM8.7 billion.	CONSTRUCTION	Contract Awarded
17 Apr, 2026	Malaysia Marine and Heavy Engineering Holdings Bhd	Malaysia Marine and Heavy Engineering Holdings Bhd has entered into a memorandum of understanding with Hanwha Power Systems Co Ltd to explore collaboration in shipbuilding and vessel-related projects. Under the arrangement, Malaysia Marine and Heavy Engineering Sdn Bhd will act as a strategic shipyard partner in the region, providing construction and installation capabilities for integrated solutions, while Hanwha Power Systems will contribute engineering and procurement expertise for selected newbuilding, conversion, and retrofit projects. The MOU is valid for two years from the execution date, with an option to extend for one additional year by mutual agreement.	ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES	Operation Updates

17 Apr, 2026

Bina Puri Holdings Bhd

Bina Puri Holdings has secured a RM156.45 million subcontract for road construction and upgrade works in Simunjan, Sarawak, awarded to its subsidiary Bina Puri Builder by Easter Synergy. The project includes site clearing, earthworks, geotechnical works, drainage, and bridge construction, with a 30-month duration and expected completion by the fourth quarter of 2028.

CONSTRUCTION

Contract Awarded

17 Apr, 2026

Exsim Hospitality Bhd

Exsim Hospitality has secured a RM138 million subcontract through its subsidiary Exsim Concepto from Binastra Builders to carry out fit-out works for a development project in Malaysia. The scope includes mechanical, electrical and plumbing systems, interior design and architecture works, and related building services. The subcontract is part of a larger main contract that started on September 29, 2025, with project completion scheduled for February 28, 2029, spanning 41 months, followed by a 27-month defects liability period.

TRAVEL, LEISURE & HOSPITALITY

Contract Awarded

17 Apr, 2026

Aizo Group Bhd

Aizo Group has received approval from Bursa Malaysia for a series of fundraising and capital restructuring exercises, including a private placement, a rights issue with free warrants, a share capital reduction, and allocations to investors and key management, subject to shareholder approval at an upcoming EGM. The plan allows issuance of up to 763.9 million placement shares and more than 3.31 billion rights shares with free warrants, aiming to raise up to RM200 million. Proceeds are mainly intended to fund Aizo’s large-scale solar project (LSS5), a 99.99MWac solar photovoltaic facility in Kampar, Perak, developed under a power purchase agreement with Tenaga Nasional. The restructuring is designed to strengthen the company’s balance sheet and support its expansion into renewable energy and infrastructure.

BUILDING MATERIALS

Fund Raising

17 Apr, 2026

Kawan Renergy Bhd

Kawan Renergy has secured a RM70.37 million contract to supply diesel generator systems to a data centre services provider located in central Peninsular Malaysia. The project is scheduled for completion by April 17, 2027.

INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT

Contract Awarded

17 Apr, 2026

Chin Hin Group Property Bhd

Chin Hin Group Property has proposed a joint venture with Fiamma Holdings to develop a KLCC-area mixed development project with an estimated gross development value of RM1.36 billion on a 1.88-acre site near the Petronas Twin Towers. Through its subsidiary, Chin Hin will acquire a 70% stake in the project vehicle for RM1.17 million, taking control of development and financing, while Fiamma’s stake is reduced to 30%. The project, targeted for launch in 2026 and completion in 2031, will include two serviced apartment towers with 1,033 units, retail space, and supporting facilities. Total financing involves RM303 million in borrowings and repayment obligations of about RM196 million, with the overall effective cost for the 70% stake at roughly RM227.65 million. The deal is a related-party transaction and will increase gearing while reducing earnings per share due to higher financing costs, and it is subject to shareholder approval.

PROPERTY

Operation Updates

17 Apr, 2026

MN Holdings Bhd

MN Holdings has secured a RM275.9 million contract to carry out electrical infrastructure works for a data centre project in central Peninsular Malaysia, awarded to its wholly owned subsidiary MN Utilities Engineering. The scope includes the design, supply, and maintenance of a 275kV consumer landing station, with works to be executed in phases and completed by June 30, 2027. The client is a Malaysia-based data hosting and processing infrastructure operator, though its identity is not disclosed. This marks the group’s second data centre-related contract in April, bringing its cumulative data centre-related order wins for the year to RM988 million.

CONSTRUCTION

Contract Awarded

17 Apr, 2026

Gamuda Bhd

Gamuda has secured a RM1.72 billion contract to construct a hyperscale data centre in Port Dickson for a US-based multinational technology company. The project, awarded to its subsidiary Gamuda Engineering, covers site infrastructure works, core and shell construction, and mechanical, electrical and plumbing fit-out for a single-storey facility. Construction is scheduled to start in the second quarter of 2026 and is expected to be completed in the first quarter of 2028. The contract increases Gamuda’s outstanding order book from about RM44 billion to approximately RM45.72 billion.

CONSTRUCTION

Contract Awarded

17 Apr, 2026

Harn Len Corp Bhd

Harn Len Corp has secured up to RM94 million in term loans from Affin Bank to refinance existing borrowings and support plantation development activities. About RM60 million will be used to refinance loans linked to 10 parcels of oil palm land in Pahang, while RM30 million will fund oil palm and pineapple estate development, infrastructure works, and maintenance under a subsidiary project. The remaining RM4 million will be used for insurance-related financing of credit protection schemes for directors and shareholders. The facilities are secured against the same plantation land and backed by a RM94 million corporate guarantee. The group’s gearing is expected to rise from 0.26 times to 0.35 times after full drawdown.

PLANTATION

Fund Raising

17 Apr, 2026

Sunway Construction Group Bhd

Sunway Construction Group has secured a RM1.75 billion contract from an unnamed international hyperscaler to build a hyperscale data centre in Serendah, Selangor. The project, awarded through its subsidiary Sunway Construction Sdn Bhd, covers core and shell works, campus infrastructure, and mechanical, electrical and plumbing fit-out works. The contract runs for two years from the third quarter of 2026 to the third quarter of 2028 and is expected to contribute positively to future earnings. With this win, Sunway Construction’s outstanding order book rises to RM8.7 billion.

CONSTRUCTION

Contract Awarded

17 Apr, 2026

Malaysia Marine and Heavy Engineering Holdings Bhd

Malaysia Marine and Heavy Engineering Holdings Bhd has entered into a memorandum of understanding with Hanwha Power Systems Co Ltd to explore collaboration in shipbuilding and vessel-related projects. Under the arrangement, Malaysia Marine and Heavy Engineering Sdn Bhd will act as a strategic shipyard partner in the region, providing construction and installation capabilities for integrated solutions, while Hanwha Power Systems will contribute engineering and procurement expertise for selected newbuilding, conversion, and retrofit projects. The MOU is valid for two years from the execution date, with an option to extend for one additional year by mutual agreement.

ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES

Operation Updates