Corporate Updates - Bursa Malaysia

2026-06-30
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
30 Jun, 2026 Ninja Van Malaysia Ninja Van Malaysia has deployed Zebra Technologies’ TC2 series mobile computers, ZD200 series desktop printers and AC2 WAVE’s warehouse management system across its fulfilment operations, increasing warehouse scanning speeds to 30–60 scans per minute, approximately double previous rates. The integrated workflow supports inventory management, labelling and parcel dispatch for nearly 25 million recipients nationwide, improving operational efficiency as the company scales e-commerce and business-to-business order fulfilment. TRANSPORTATION & LOGISTICS SERVICES Operation Updates
29 Jun, 2026 Favelle Favco Bhd Favelle Favco Berhad’s wholly owned US subsidiary Favelle Favco Cranes Inc. (FFC USA) is facing a US$25 million lawsuit filed in the Supreme Court of the State of New York on Jun. 24, 2026 by an individual over alleged injuries and losses arising from a July 2023 crane incident in Manhattan involving a diesel-powered crane fire and partial collapse. The group maintains that the subsidiary only supplied the crane, did not own or operate it at the time of the incident, and that an independent investigation did not attribute fault to the manufacturer, with the claim now being defended under its insurance coverage. INDUSTRIAL ENGINEERING Others
29 Jun, 2026 Redtone Digital Bhd REDtone Digital Berhad subscribed to RM13 million of medium-term notes issued by Berjaya IPS Equity Sdn. Bhd., a subsidiary of Berjaya Corporation Berhad, under its RM500 million MTN programme. The unrated and unsecured notes carry a fixed coupon of 7% per annum, payable semi-annually, with an initial one-year tenure and an option to roll over for up to 30 years. TELECOMMUNICATIONS SERVICE PROVIDERS Operation Updates
29 Jun, 2026 Oasis Harvest Corp Bhd Oasis Harvest Corporation Berhad is disposing of its entire equity interest in Oasis Harvest Distribution Sdn. Bhd. to Jonathan Chan Ye Earn for RM2.45 million in cash as part of its transition towards becoming a shariah-compliant company. The proceeds will be used for working capital and to support the expansion of its core food and beverage business following the RM30.8 million acquisition of Metta Food & Lifestyle Sdn. Bhd. in 2024. INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT Disposal
29 Jun, 2026 Jati Tinggi Group Bhd Jati Tinggi Group Berhad, through its wholly owned subsidiary Jati Tinggi Holding Sdn. Bhd., secured an RM86 million contract to design and construct a 275kV overhead transmission line, substation systems and related infrastructure for a data centre development at Klang Valley Technology Park, Kapar, Selangor. The engineering works, awarded by an undisclosed client involved in data processing and hosting services, are scheduled for completion by Sept. 30, 2026. CONSTRUCTION Contract Awarded
29 Jun, 2026 Berjaya Property Bhd Berjaya Property Berhad proposes to subscribe for a 29% equity interest in Manjaran Sdn. Bhd. for RM58 million, comprising RM57.9 million through the issuance of 206.78 million new shares at 28 sen each and RM100,000 in cash. Manjaran's 80%-owned subsidiary, Mutiara Perlis Sdn. Bhd., is developing the Perlis Maritime Corridor, an integrated logistics hub comprising the Perlis Inland Port, Perlis Sanglang Port and Perlis Power Hub, with the transaction targeted for completion in the second half of 2026. PROPERTY Merger & Acquisition
29 Jun, 2026 Bina Puri Holdings Bhd Bina Puri Holdings Berhad has secured approval in principle from participating lenders representing at least 75% in value for its proposed restructuring scheme under the Corporate Debt Restructuring Committee process, making the scheme binding on all participating lenders under the CDRC Code of Conduct. The scheme creditors will vote on the proposed scheme of arrangement at a meeting on Jun. 30, 2026, following a six-month extension of the group's informal debt standstill to Aug. 6, 2026 to facilitate completion of the restructuring process. CONSTRUCTION Restructuring
29 Jun, 2026 PMW International Bhd PMW International Berhad secured an RM11.84 million contract from Global Technological Support Sdn. Bhd. to supply prestressed spun concrete poles for Phase 2 of Malaysia’s fibre optics hub project, with deliveries scheduled through Oct. 31, 2026. The contract supports the nationwide rollout of nearly 3,700 points of presence (POPs) under the RM3.9 billion broadband infrastructure expansion programme to strengthen Malaysia’s fibre-optic network and last-mile connectivity. INDUSTRIAL SERVICES Contract Awarded
29 Jun, 2026 Hibiscus Petroleum Bhd Hibiscus Petroleum Berhad, through its subsidiary Hibiscus EP (Brunei) BV, has commenced operations of a low-pressure compressor project at the Block B Maharajalela Jamalulalam field in Brunei to sustain hydrocarbon production as reservoir pressure declines. The project began operations in April 2026 at the onshore processing plant in Lumut and is expected to contribute positively to the group's fourth quarter ended Jun. 30, 2026 financial performance, with future integration to a 12MW solar farm currently under construction. OIL & GAS PRODUCERS Operation Updates
29 Jun, 2026 RHB Bank Bhd RHB Bank Berhad has fully redeemed its US$500 million (RM2.04 billion) senior unsecured notes issued on June 29, 2021 under its Euro Medium-Term Note Programme at nominal value. Following the redemption, the notes will be delisted from the Singapore Exchange Securities Trading Ltd and Labuan International Financial Exchange Inc. BANKING Fund Raising