Corporate Updates - Bursa Malaysia - Insights

Date	Company	Event Details	Sector	Event Summary
19 Feb, 2026	YTL Corp Bhd	YTL Developments (UK), a unit of YTL Corp Bhd, has signed a RM200 million naming rights agreement with UK insurer Aviva for its new 20,000-capacity arena in Bristol, which will be known as Aviva Arena. The venue forms part of the Brabazon new town redevelopment on the former Filton airfield, comprising 6,500 homes, community facilities, student accommodation, a new railway station, offices, hotels and a Waitrose shopping centre, and is scheduled for completion by late 2028 as the largest live entertainment venue in the West of England, with an estimated 1.4 million annual visitors.	GAS, WATER & MULTI-UTILITIES	Operation Updates
19 Feb, 2026	FBG Holdings Bhd	FBG Holdings Bhd has secured a RM238.1 million contract for the main building works of a 25-storey, 375-room hotel tower (Tower 6) above The Mall, Mid Valley Southkey in Johor Bahru, owned by IGB Bhd, with the job awarded to its wholly owned subsidiary FBG Builder Sdn Bhd by MVS Southpoint Hotel Sdn Bhd. The project is scheduled to commence on March 1, 2026 and be completed by June 30, 2028, and lifts FBG’s outstanding order book to RM1.23 billion, providing earnings visibility through 2028.	CONSTRUCTION	Contract Awarded
19 Feb, 2026	Atlan Holdings Bhd	Atlan Holdings Bhd announced that its indirect subsidiary, Selasih Ekslusif Sdn Bhd, has ceased duty-free operations at Berjaya Waterfront Johor Bahru and issued a notice to terminate its tenancy agreement dated March 15, 2013 with Berjaya Waterfront Sdn Bhd, after Majlis Bandaraya Johor Bahru did not renew its business licences despite repeated attempts. Selasih, a subsidiary of Singapore-listed Duty Free International Ltd, which is 75.53%-owned by Atlan, exercised its right to terminate the tenancy with effect from Feb 19, 2026 after failing to reach a mutually agreeable termination with the landlord. For the financial year ended Feb 28, 2025, Selasih contributed approximately 38.6% of revenue and 4.6% of profit after tax to the group, and the cessation may result in a one-off exceptional net gain after tax of about RM17 million, subject to final review and quantification.	RETAILERS	Termination
19 Feb, 2026	IHH Healthcare Bhd	IHH Healthcare Bhd’s Singapore unit, Northern TK Venture Pte Ltd, has amended its court injunction against Daiichi Sankyo Co Ltd to stop the Japanese company from interfering with further share acquisitions and corporate exercises involving India’s Fortis Healthcare Ltd and its subsidiary Malar Hospitals Ltd, and from making defamatory statements to India’s regulator and the public.	HEALTH CARE PROVIDERS	Others
19 Feb, 2026	Bina Puri Holdings Bhd	Bina Puri Holdings Bhd has agreed to dispose of its entire 50% stake in Kuala Lumpur–Kuala Selangor Expressway Bhd (KLKSE), the concessionaire of the 33km LATAR Expressway awarded on Nov 10, 1997 and running until 2048, to Arena Irama Sdn Bhd for RM77 million under a conditional share sale and purchase agreement signed on Feb 19, 2026. Arena Irama, owned by Latar managing director Datuk Mohamed Raffe Chekku, currently holds the remaining 50% stake and will fully own KLKSE upon completion, which is targeted for the second quarter of 2026 and subject to shareholders’, financiers’ and government approvals. The disposal is expected to result in a one-off gain of about RM74.9 million, with proceeds earmarked for partial repayment of bank facilities, reducing the group’s gearing ratio from 1.81 times to 0.81 times. As at Dec 31, 2024, KLKSE had accumulated losses of RM234.2 million, total liabilities of RM1.18 billion and assets of RM1 billion.	CONSTRUCTION	Disposal
19 Feb, 2026	Nestlé (Malaysia) Bhd	Nestlé (Malaysia) Bhd said it is exploring a potential sale of its ice cream business to UK-based Froneri, following an announcement by its parent, Nestlé SA, that it is in advanced negotiations to divest the remainder of its global ice cream operations to the joint venture. Froneri was established in 2016 as a joint venture between Nestlé SA and PAI Partners, and previously acquired Nestlé’s European ice cream businesses. Nestlé Malaysia’s ice cream unit was not part of that original deal.	FOOD & BEVERAGES	Disposal
19 Feb, 2026	VentureTECH Sdn Bhd	Government-backed impact investment firm VentureTECH Sdn Bhd has invested RM28 million in Delta Spike Asia Sdn Bhd and IX Telecom Sdn Bhd to strengthen Malaysia’s cybersecurity and cross-border digital infrastructure capabilities. The investment in Delta Spike will support further development of its cybersecurity platform, enhance operational capacity and drive regional expansion, while the funding for IX Telecom will facilitate regional scaling and platform commercialisation to strengthen Malaysia’s position as a digital connectivity hub and enable seamless cross-border connectivity. VentureTECH is a wholly owned subsidiary of the Malaysian Industry-Government Group for High Technology (Might), established to catalyse the growth of local, particularly bumiputera, companies in high-value and high-technology industries through equity investment.	SOVEREIGN WEALTH FUND	Operation Updates
19 Feb, 2026	T7 Global Bhd	T7 Global Bhd announced that its subsidiary, T7 Intelligent Resources Sdn Bhd, has been appointed as a panel contractor by Petroliam Nasional Bhd (PETRONAS) to provide third-party professional and support services to the PETRONAS Group for a two-year period, with contributions subject to work orders issued and expected to be reflected in the financial year ending Dec 31, 2026.	ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES	Contract Awarded
16 Feb, 2026	HeiTech Padu Bhd	Heitech Padu Bhd has been served with a RM5.05 million lawsuit by Kayangan Cahaya Sdn Bhd at the Shah Alam High Court in relation to a building maintenance services agreement dated April 5, 2024, and associated works. The company disputes the claim, is reviewing the allegations with its solicitors, and intends to defend the suit, with no provision made pending further legal assessment.	DIGITAL SERVICES	Others
16 Feb, 2026	Faizal Kong Noodles	Faizal Kong Noodles, a Malaysian halal noodle chain, has entered a strategic partnership with investment firms MCI Capital and Evolve Capital to accelerate its transformation from a domestic restaurant group into an internationally scalable brand. The collaboration, formalised through a Memorandum of Understanding in Kuala Lumpur, will focus on capital structuring, brand expansion, supply chain industrialisation, and global market entry. Samuel Chew, Director of Eternal Legacy Holdings, highlighted that the partnership goes beyond funding, serving as a strategic move to position Faizal Kong as a global leader in halal Chinese cuisine.	FOOD & BEVERAGES	Operation Updates

19 Feb, 2026

YTL Corp Bhd

YTL Developments (UK), a unit of YTL Corp Bhd, has signed a RM200 million naming rights agreement with UK insurer Aviva for its new 20,000-capacity arena in Bristol, which will be known as Aviva Arena. The venue forms part of the Brabazon new town redevelopment on the former Filton airfield, comprising 6,500 homes, community facilities, student accommodation, a new railway station, offices, hotels and a Waitrose shopping centre, and is scheduled for completion by late 2028 as the largest live entertainment venue in the West of England, with an estimated 1.4 million annual visitors.

GAS, WATER & MULTI-UTILITIES

Operation Updates

19 Feb, 2026

FBG Holdings Bhd

FBG Holdings Bhd has secured a RM238.1 million contract for the main building works of a 25-storey, 375-room hotel tower (Tower 6) above The Mall, Mid Valley Southkey in Johor Bahru, owned by IGB Bhd, with the job awarded to its wholly owned subsidiary FBG Builder Sdn Bhd by MVS Southpoint Hotel Sdn Bhd. The project is scheduled to commence on March 1, 2026 and be completed by June 30, 2028, and lifts FBG’s outstanding order book to RM1.23 billion, providing earnings visibility through 2028.

CONSTRUCTION

Contract Awarded

19 Feb, 2026

Atlan Holdings Bhd

Atlan Holdings Bhd announced that its indirect subsidiary, Selasih Ekslusif Sdn Bhd, has ceased duty-free operations at Berjaya Waterfront Johor Bahru and issued a notice to terminate its tenancy agreement dated March 15, 2013 with Berjaya Waterfront Sdn Bhd, after Majlis Bandaraya Johor Bahru did not renew its business licences despite repeated attempts. Selasih, a subsidiary of Singapore-listed Duty Free International Ltd, which is 75.53%-owned by Atlan, exercised its right to terminate the tenancy with effect from Feb 19, 2026 after failing to reach a mutually agreeable termination with the landlord. For the financial year ended Feb 28, 2025, Selasih contributed approximately 38.6% of revenue and 4.6% of profit after tax to the group, and the cessation may result in a one-off exceptional net gain after tax of about RM17 million, subject to final review and quantification.

RETAILERS

Termination

19 Feb, 2026

IHH Healthcare Bhd

IHH Healthcare Bhd’s Singapore unit, Northern TK Venture Pte Ltd, has amended its court injunction against Daiichi Sankyo Co Ltd to stop the Japanese company from interfering with further share acquisitions and corporate exercises involving India’s Fortis Healthcare Ltd and its subsidiary Malar Hospitals Ltd, and from making defamatory statements to India’s regulator and the public.

HEALTH CARE PROVIDERS

Others

19 Feb, 2026

Bina Puri Holdings Bhd

Bina Puri Holdings Bhd has agreed to dispose of its entire 50% stake in Kuala Lumpur–Kuala Selangor Expressway Bhd (KLKSE), the concessionaire of the 33km LATAR Expressway awarded on Nov 10, 1997 and running until 2048, to Arena Irama Sdn Bhd for RM77 million under a conditional share sale and purchase agreement signed on Feb 19, 2026. Arena Irama, owned by Latar managing director Datuk Mohamed Raffe Chekku, currently holds the remaining 50% stake and will fully own KLKSE upon completion, which is targeted for the second quarter of 2026 and subject to shareholders’, financiers’ and government approvals. The disposal is expected to result in a one-off gain of about RM74.9 million, with proceeds earmarked for partial repayment of bank facilities, reducing the group’s gearing ratio from 1.81 times to 0.81 times. As at Dec 31, 2024, KLKSE had accumulated losses of RM234.2 million, total liabilities of RM1.18 billion and assets of RM1 billion.

CONSTRUCTION

Disposal

19 Feb, 2026

Nestlé (Malaysia) Bhd

Nestlé (Malaysia) Bhd said it is exploring a potential sale of its ice cream business to UK-based Froneri, following an announcement by its parent, Nestlé SA, that it is in advanced negotiations to divest the remainder of its global ice cream operations to the joint venture. Froneri was established in 2016 as a joint venture between Nestlé SA and PAI Partners, and previously acquired Nestlé’s European ice cream businesses. Nestlé Malaysia’s ice cream unit was not part of that original deal.

FOOD & BEVERAGES

Disposal

19 Feb, 2026

VentureTECH Sdn Bhd

Government-backed impact investment firm VentureTECH Sdn Bhd has invested RM28 million in Delta Spike Asia Sdn Bhd and IX Telecom Sdn Bhd to strengthen Malaysia’s cybersecurity and cross-border digital infrastructure capabilities. The investment in Delta Spike will support further development of its cybersecurity platform, enhance operational capacity and drive regional expansion, while the funding for IX Telecom will facilitate regional scaling and platform commercialisation to strengthen Malaysia’s position as a digital connectivity hub and enable seamless cross-border connectivity. VentureTECH is a wholly owned subsidiary of the Malaysian Industry-Government Group for High Technology (Might), established to catalyse the growth of local, particularly bumiputera, companies in high-value and high-technology industries through equity investment.

SOVEREIGN WEALTH FUND

Operation Updates

19 Feb, 2026

T7 Global Bhd

T7 Global Bhd announced that its subsidiary, T7 Intelligent Resources Sdn Bhd, has been appointed as a panel contractor by Petroliam Nasional Bhd (PETRONAS) to provide third-party professional and support services to the PETRONAS Group for a two-year period, with contributions subject to work orders issued and expected to be reflected in the financial year ending Dec 31, 2026.

ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES

Contract Awarded

16 Feb, 2026

HeiTech Padu Bhd

Heitech Padu Bhd has been served with a RM5.05 million lawsuit by Kayangan Cahaya Sdn Bhd at the Shah Alam High Court in relation to a building maintenance services agreement dated April 5, 2024, and associated works. The company disputes the claim, is reviewing the allegations with its solicitors, and intends to defend the suit, with no provision made pending further legal assessment.

DIGITAL SERVICES

Others

16 Feb, 2026

Faizal Kong Noodles

Faizal Kong Noodles, a Malaysian halal noodle chain, has entered a strategic partnership with investment firms MCI Capital and Evolve Capital to accelerate its transformation from a domestic restaurant group into an internationally scalable brand. The collaboration, formalised through a Memorandum of Understanding in Kuala Lumpur, will focus on capital structuring, brand expansion, supply chain industrialisation, and global market entry. Samuel Chew, Director of Eternal Legacy Holdings, highlighted that the partnership goes beyond funding, serving as a strategic move to position Faizal Kong as a global leader in halal Chinese cuisine.

FOOD & BEVERAGES

Operation Updates