Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2025-10-10
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Event Details | Sector | Event Summary |
|---|---|---|---|---|
| 10 Oct, 2025 | Farm Fresh Berhad | Farm Fresh Berhad issued RM125 million five-year Sukuk Wakalah maturing on 10 October 2030 under its RM1 billion Sukuk Wakalah Programme, with proceeds to be used for Shariah-compliant purposes including acquisitions, capital expenditure, working capital, and related programme expenses. | FOOD & BEVERAGES | Cash Call |
| 10 Oct, 2025 | Nexgram Holdings Bhd | Nexgram Holdings’ wholly owned sub-subsidiary, NEC Suria Infra Bersama, entered into a conditional share sale agreement to acquire a 70% stake (7,000 shares) in GAD Energy for RM20 million, to be satisfied through the issuance of 40 million redeemable convertible preference shares at RM0.50 each. GAD, incorporated in 2024, is involved in EPCC works, energy storage systems, and solar farm design. The vendors — Foo Seh Kai, Leow Hiong Wei, and Tay Chia Ping — jointly provided a profit guarantee of RM5 million annually for four years (RM20 million cumulatively). The acquisition aims to strengthen Nexgram’s renewable energy and EPCC capabilities, improve project delivery efficiency, and position the group for larger-scale energy transition projects. Completion is expected within 14 days, and GAD will become a 70%-owned sub-subsidiary upon finalisation. | TELECOMMUNICATIONS EQUIPMENT | Merger & Acquisition |
| 10 Oct, 2025 | UOA Development Bhd | UOA Development’s unit Distinctive Acres Sdn Bhd received an additional tax assessment and penalty of RM165.66 million from the Inland Revenue Board, linked to the 2020 sale of UOA Corporate Tower in Bangsar South to UOA Real Estate Investment Trust. | PROPERTY | Others |
| 10 Oct, 2025 | MSB Global Group Bhd | MSB Global Group Bhd has signed a 10-year exclusive distributorship agreement with China-based Zhejiang GOLD Intelligent Suspension Corp, appointing its unit MSB Machinery Corporation Malaysia as the sole distributor of Zhejiang GOLD’s shock absorber products in Malaysia, Thailand, and Singapore. The agreement replaces an earlier 2024 deal with updated terms. | AUTO PARTS | Operation Updates |
| 10 Oct, 2025 | Kelington Group Bhd | Kelington Group Bhd has signed an agreement to develop a 2MW green hydrogen production hub in Selangor, using electrolysis powered entirely by renewable energy from the Batang Kali small hydropower plant. Its unit Ace Gases will lead the electrolyser plant’s development and manage hydrogen production, under a memorandum of understanding with Worldwide Energy Development (a Selangor state-linked firm) and SKS Coachbuilders, which is developing hydrogen fuel cell vehicles. | INDUSTRIAL ENGINEERING | Operation Updates |
| 10 Oct, 2025 | Ge-Shen Corp Bhd | ChatGPT said: Ge-Shen Corp Bhd plans to raise up to RM103.76 million through two private placements at an assumed issue price of RM1.45 per share to fund its expansion in the electronics manufacturing services (EMS) sector and increase its stake in Local Assembly Sdn Bhd from 40% to 80%. The first placement of up to 41.4 million shares (10%) is expected to raise RM60.02 million, mainly for working capital and repayment of bank borrowings totaling RM113.53 million, while the second placement of 30.16 million shares (6.5%) will raise RM43.74 million, of which RM39 million will be used to fund the RM52 million acquisition. The purchase will be settled via cash and 8.66 million new shares issued at RM1.50 each, with the exercises targeted for completion by 1Q 2026. | INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT | Cash Call |
| 9 Oct, 2025 | Malayan United Industries Bhd | Malayan United Industries has secured a US$20 million (RM84.3 million) term loan from Singapore-based Indies Special Opportunities LV Ltd to finance capital expenditure, working capital needs, and refinance existing loans. The funds will help support the ongoing renovation and refurbishment of its Corus Hyde Park Hotel in London. | TRAVEL, LEISURE & HOSPITALITY | Cash Call |
| 9 Oct, 2025 | Malayan Banking Bhd | Maybank Investment Bank Berhad is pleased to announce that Maybank has, on 9 October 2025, fully redeemed the RM2.3 Billion Subordinated Sukuk Murabahah on its first call date. The RM2.3 Billion Subordinated Sukuk Murabahah was issued on 9 October 2020. | BANKING | Operation Updates |
| 9 Oct, 2025 | Ramssol Group Bhd | Ramssol Group has been appointed by Tencent Cloud as its distributor for Southeast Asia, covering Malaysia, Singapore, Thailand, Indonesia, Vietnam, and the Philippines through its unit RAMS PeopleTech. | DIGITAL SERVICES | Operation Updates |
| 8 Oct, 2025 | Sunway Bhd | Sunway Property has launched two new freehold developments — Sunway Cochrane in Kuala Lumpur and Sunway Majestic in Johor Bahru | DIVERSIFIED INDUSTRIALS | Operation Updates |
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